Equities research analysts predict that Nucor Co. (NYSE:NUE) will post earnings per share of $1.07 for the current quarter, Zacks reports. Three analysts have provided estimates for Nucor’s earnings, with estimates ranging from $0.89 to $1.31. Nucor reported earnings per share of $1.11 in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Nucor will report full year earnings of $4.92 per share for the current fiscal year, with EPS estimates ranging from $4.49 to $5.70. For the next year, analysts anticipate that the firm will report earnings of $5.31 per share, with EPS estimates ranging from $4.55 to $5.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Nucor.
Nucor (NYSE:NUE) last issued its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (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 analyst estimates of $4.86 billion. During the same period last year, the company earned $0.50 EPS. Nucor’s quarterly revenue was up 28.7% compared to the same quarter last year.
Shares of Nucor (NUE) opened at $61.77 on Thursday. Nucor has a one year low of $51.67 and a one year high of $70.48. The company has a current ratio of 2.42, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $19,637.73, a P/E ratio of 14.92, a P/E/G ratio of 1.05 and a beta of 1.56.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, December 29th were given a dividend of $0.38 per share. The ex-dividend date was 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 payout ratio is 36.72%.
In other Nucor news, EVP Robert J. Stratman sold 39,037 shares of Nucor stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the completion of the sale, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NUE. CI Investments Inc. bought a new stake in Nucor during the 3rd quarter valued at $55,250,000. Alps Advisors Inc. raised its position in Nucor by 9,051.7% during the 4th quarter. Alps Advisors Inc. now owns 805,075 shares of the basic materials company’s stock valued at $51,187,000 after purchasing an additional 796,278 shares in the last quarter. BlackRock Inc. raised its position in Nucor by 3.2% during the 4th quarter. BlackRock Inc. now owns 22,382,353 shares of the basic materials company’s stock valued at $1,423,070,000 after purchasing an additional 702,355 shares in the last quarter. Point72 Asset Management L.P. raised its position in Nucor by 384.8% during the 3rd 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 in the last quarter. Finally, Stifel Financial Corp raised its position in Nucor by 120.6% during the 3rd quarter. Stifel Financial Corp now owns 594,283 shares of the basic materials company’s stock valued at $33,356,000 after purchasing an additional 324,926 shares in the last quarter. 74.33% of the stock is 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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