Nucor (NUE) to Release Earnings on Tuesday

Nucor (NYSE:NUE) is scheduled to post its quarterly earnings results before the market opens on Tuesday, January 30th. Analysts expect Nucor to post earnings of $0.77 per share for the quarter.

Nucor (NUE) opened at $68.99 on Tuesday. The company has a market capitalization of $21,930.00, a PE ratio of 19.22, a PEG ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 1.12, a current ratio of 2.11 and a debt-to-equity ratio of 0.37. Nucor has a twelve month low of $51.67 and a twelve month high of $70.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, December 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is 42.34%.

In other Nucor news, insider D. Chad Utermark sold 9,003 shares of the firm’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 completion of the sale, the insider now owns 73,883 shares in the company, valued at approximately $4,412,292.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ladd R. Hall sold 17,583 shares of the firm’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 value of $1,018,759.02. Following the sale, the insider now owns 206,406 shares of the company’s stock, valued at approximately $11,959,163.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,623 shares of company stock valued at $4,050,102. 0.70% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Nucor in a research note on Thursday, October 19th. Zacks Investment Research lowered Nucor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Credit Suisse Group lowered their target price on Nucor from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, September 28th. Bank of America lowered their target price on Nucor from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 20th. Finally, Longbow Research lowered Nucor from a “buy” rating to a “neutral” rating and increased their target price for the company from $55.01 to $56.04 in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $68.37.

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About Nucor

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 for Nucor (NYSE:NUE)

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