Research Analysts Offer Predictions for Nucor Q3 Earnings

Nucor Corporation (NYSE:NUE) – Zacks Research cut their Q3 2026 EPS estimates for Nucor in a research report issued on Monday, October 12th. Zacks Research analyst Team now anticipates that the basic materials company will earn $5.61 per share for the quarter, down from their previous estimate of $5.90. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $18.89 per share. Zacks Research also issued estimates for Nucor’s Q3 2027 earnings at $5.13 EPS, Q3 2028 earnings at $6.05 EPS and FY2028 earnings at $21.21 EPS.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.60 earnings per share.

A number of other research firms have also recently commented on NUE. Barclays lifted their price target on shares of Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Nucor from a “strong-buy” rating to a “buy” rating in a report on Monday. BMO Capital Markets raised their target price on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. KeyCorp dropped their price target on Nucor from $288.00 to $286.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings raised Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $276.07.

Nucor Stock Up 0.7%

NUE opened at $252.00 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The stock has a market cap of $57.17 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.89 and a beta of 1.84. Nucor has a twelve month low of $131.32 and a twelve month high of $280.11. The company’s 50-day moving average price is $255.14 and its two-hundred day moving average price is $235.98.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be given a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s payout ratio is 17.86%.

Insider Buying and Selling

In related news, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at $20,008,704.32. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nucor

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Nucor in the 2nd quarter worth about $4,452,563,000. Bank of America Corp DE purchased a new position in Nucor during the 2nd quarter valued at about $462,886,000. Berkshire Hathaway Inc bought a new stake in shares of Nucor during the second quarter valued at about $413,814,000. Bank of New York Mellon Corp bought a new stake in shares of Nucor during the second quarter valued at about $330,902,000. Finally, Legal & General Group Plc purchased a new stake in shares of Nucor in the second quarter worth about $324,154,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Company Profile

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.