Wall Street analysts forecast that Nucor Co. (NYSE:NUE) will post $1.07 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Nucor’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $1.31. Nucor posted earnings of $1.11 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.6%. The business is scheduled to announce its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Nucor will report full-year earnings of $4.92 per share for the current financial year, with EPS estimates ranging from $4.15 to $5.70. For the next fiscal year, analysts forecast that the business will report earnings of $5.31 per share, with EPS estimates ranging from $4.55 to $5.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Nucor.
Nucor (NYSE:NUE) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.10. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s revenue was up 28.7% on a year-over-year basis.
In related news, Chairman John J. Ferriola sold 14,313 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $64.12, for a total transaction of $917,749.56. Following the completion of the transaction, the chairman now owns 333,775 shares of the company’s stock, valued at $21,401,653. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert J. Stratman sold 39,037 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the transaction, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The disclosure for this sale can be found here. Insiders have sold 95,387 shares of company stock valued at $6,285,411 in the last ninety days. Company insiders own 0.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Independence Bank of Kentucky purchased a new stake in shares of Nucor during the fourth quarter valued at $100,000. Barrett Asset Management LLC purchased a new stake in shares of Nucor during the fourth quarter valued at $101,000. Cerebellum GP LLC purchased a new stake in shares of Nucor during the fourth quarter valued at $131,000. Financial Gravity Companies Inc. purchased a new stake in shares of Nucor during the fourth quarter valued at $140,000. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Nucor during the fourth quarter valued at $147,000. 80.16% of the stock is owned by institutional investors and hedge funds.
Nucor (NYSE NUE) opened at $67.53 on Wednesday. Nucor has a 52 week low of $51.67 and a 52 week high of $70.48. The stock has a market capitalization of $21,470.00, a price-to-earnings ratio of 19.02, a PEG ratio of 1.14 and a beta of 1.51. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.52 annualized dividend and a yield of 2.25%. Nucor’s dividend payout ratio is currently 42.82%.
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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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