Equities research analysts predict that Nucor Co. (NYSE:NUE) will announce $0.76 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nucor’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.79. Nucor reported earnings of $0.50 per share in the same quarter last year, which suggests a positive year over year growth rate of 52%. The business is expected to report its next earnings results on Tuesday, January 30th.
On average, analysts expect that Nucor will report full-year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.55 to $3.76. For the next fiscal year, analysts anticipate that the business will post earnings of $4.45 per share, with EPS estimates ranging from $3.75 to $4.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Nucor.
Nucor (NYSE:NUE) last released its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.19 billion. Nucor had a return on equity of 12.78% and a net margin of 5.80%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share.
Shares of Nucor (NYSE:NUE) opened at $57.30 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.11 and a quick ratio of 1.12. The stock has a market capitalization of $18,280.21, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.30 and a beta of 1.58. Nucor has a 52 week low of $51.67 and a 52 week high of $68.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 29th were given a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, September 28th. Nucor’s payout ratio is 43.90%.
In related news, Chairman John J. Ferriola sold 15,131 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $60.40, for a total transaction of $913,912.40. Following the sale, the chairman now owns 349,506 shares of the company’s stock, valued at $21,110,162.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Victoria F. Haynes sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total value of $137,900.00. Following the sale, the director now directly owns 33,573 shares in the company, valued at approximately $1,851,886.68. The disclosure for this sale can be found here. Insiders sold 44,217 shares of company stock worth $2,608,231 in the last ninety days. 0.70% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Accredited Investors Inc. grew its position in Nucor by 0.6% during the second quarter. Accredited Investors Inc. now owns 3,917 shares of the basic materials company’s stock worth $227,000 after buying an additional 25 shares in the last quarter. Boys Arnold & Co. Inc. grew its position in Nucor by 0.3% during the second quarter. Boys Arnold & Co. Inc. now owns 16,679 shares of the basic materials company’s stock worth $965,000 after buying an additional 50 shares in the last quarter. Chartwell Investment Partners LLC grew its position in Nucor by 0.5% during the second quarter. Chartwell Investment Partners LLC now owns 12,180 shares of the basic materials company’s stock worth $705,000 after buying an additional 55 shares in the last quarter. Sigma Planning Corp grew its position in Nucor by 1.4% during the second quarter. Sigma Planning Corp now owns 4,647 shares of the basic materials company’s stock worth $269,000 after buying an additional 62 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA grew its position in Nucor by 0.4% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 21,597 shares of the basic materials company’s stock worth $1,249,000 after buying an additional 77 shares in the last quarter. 74.56% of the stock is currently owned by institutional investors and hedge funds.
Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).
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