Equities research analysts expect Nucor Co. (NYSE:NUE) to report $0.70 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Nucor’s earnings, with estimates ranging from $0.54 to $0.79. Nucor posted earnings of $0.50 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is expected to announce its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Nucor will report full year earnings of $3.61 per share for the current fiscal year, with EPS estimates ranging from $3.46 to $3.72. For the next financial year, analysts anticipate that the firm will report earnings of $4.40 per share, with EPS estimates ranging from $3.75 to $4.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Nucor.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Nucor had a net margin of 5.80% and a return on equity of 12.78%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $0.88 EPS. Nucor’s quarterly revenue was up 20.5% compared to the same quarter last year.

NUE has been the subject of a number of research reports. Morgan Stanley downgraded shares of Nucor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $78.00 to $60.00 in a report on Tuesday, September 12th. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $53.60 to $65.00 in a research note on Thursday, September 14th. Jefferies Group restated a “buy” rating on shares of Nucor in a research note on Saturday, September 16th. BMO Capital Markets restated a “market perform” rating and issued a $62.00 price objective (down previously from $70.00) on shares of Nucor in a research note on Monday, September 18th. Finally, KeyCorp restated a “hold” rating on shares of Nucor in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.80.

Shares of Nucor (NYSE NUE) traded down $0.17 during trading on Friday, reaching $67.22. 2,528,700 shares of the company’s stock were exchanged, compared to its average volume of 3,352,600. The company has a current ratio of 2.11, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. Nucor has a 12-month low of $51.67 and a 12-month high of $67.73. The company has a market cap of $21,390.00, a P/E ratio of 18.72, a PEG ratio of 1.28 and a beta of 1.58.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.26%. This is a positive change from Nucor’s previous quarterly dividend of $0.38. Nucor’s dividend payout ratio is currently 42.34%.

In related news, insider D. Chad Utermark sold 9,003 shares of Nucor stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $59.72, for a total transaction of $537,659.16. Following the transaction, the insider now owns 73,883 shares of the company’s stock, valued at approximately $4,412,292.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ladd R. Hall sold 17,583 shares of Nucor stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the transaction, the insider now directly owns 206,406 shares in the company, valued at approximately $11,959,163.64. The disclosure for this sale can be found here. Insiders sold a total of 80,754 shares of company stock worth $4,964,014 in the last ninety days. Insiders own 0.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NUE. CI Investments Inc. acquired a new stake in Nucor during the 3rd quarter worth approximately $55,250,000. Northern Trust Corp raised its holdings in shares of Nucor by 15.0% in the second quarter. Northern Trust Corp now owns 5,759,017 shares of the basic materials company’s stock valued at $333,275,000 after purchasing an additional 750,796 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Nucor by 55.4% in the second quarter. Balyasny Asset Management LLC now owns 1,471,244 shares of the basic materials company’s stock valued at $85,141,000 after purchasing an additional 524,476 shares during the last quarter. Prudential PLC raised its holdings in shares of Nucor by 28.2% in the second quarter. Prudential PLC now owns 2,260,300 shares of the basic materials company’s stock valued at $130,804,000 after purchasing an additional 496,700 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Nucor by 384.8% in the third quarter. Point72 Asset Management L.P. now owns 509,772 shares of the basic materials company’s stock valued at $28,568,000 after purchasing an additional 404,622 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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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).

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