Nucor (NUE) Updates Q4 Earnings Guidance

Nucor (NYSE:NUE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76.

Several analysts recently issued reports on the stock. BMO Capital Markets restated a market perform rating and issued a $62.00 price objective (down from $70.00) on shares of Nucor in a report on Monday, September 18th. KeyCorp restated a hold rating on shares of Nucor in a report on Thursday, October 19th. Bank of America restated a buy rating and issued a $73.00 price objective on shares of Nucor in a report on Wednesday, September 6th. Morgan Stanley lowered shares of Nucor from an overweight rating to an equal weight rating and reduced their price objective for the company from $78.00 to $60.00 in a report on Tuesday, September 12th. Finally, Jefferies Group restated a buy rating on shares of Nucor in a report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $66.80.

Shares of Nucor (NYSE:NUE) traded down $0.10 during trading hours on Thursday, reaching $61.85. 2,951,100 shares of the company’s stock were exchanged, compared to its average volume of 2,711,318. 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 $19,370.00, a price-to-earnings ratio of 18.22, a PEG ratio of 1.40 and a beta of 1.58. Nucor has a one year low of $51.67 and a one year high of $66.00.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.19 billion. Nucor had a net margin of 5.80% and a return on equity of 12.78%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. equities analysts forecast that Nucor will post 3.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 28th. This is a positive change from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 dividend on an annualized basis and a yield of 2.46%. Nucor’s dividend payout ratio is 42.06%.

In related news, insider Ladd R. Hall sold 17,583 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the sale, the insider now directly owns 206,406 shares in the company, valued at $11,959,163.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider D. Chad Utermark sold 9,003 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $59.72, for a total transaction of $537,659.16. Following the sale, the insider now owns 73,883 shares in the company, valued at $4,412,292.76. The disclosure for this sale can be found here. Insiders have sold 44,217 shares of company stock worth $2,608,231 over the last quarter. Insiders own 0.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Nucor (NUE) Updates Q4 Earnings Guidance” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at

Nucor Company Profile

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).

Earnings History and Estimates for Nucor (NYSE:NUE)

Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with's FREE daily email newsletter.

Leave a Reply