Nucor (NUE) to Release Earnings on Monday

Nucor (NYSE:NUE) is scheduled to release its earnings data after the market closes on Monday, April 22nd. Analysts expect Nucor to post earnings of $3.60 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.64 billion. Nucor had a net margin of 13.03% and a return on equity of 21.42%. Nucor’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $4.89 earnings per share. On average, analysts expect Nucor to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Nucor Trading Up 0.3 %

Shares of NUE opened at $191.36 on Friday. The firm’s 50 day simple moving average is $191.19 and its 200 day simple moving average is $173.57. The company has a market capitalization of $45.92 billion, a P/E ratio of 10.64 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35. Nucor has a 1-year low of $129.79 and a 1-year high of $203.00.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s dividend payout ratio is currently 12.01%.

Analyst Ratings Changes

Several research firms have commented on NUE. StockNews.com raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. UBS Group began coverage on shares of Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nucor from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.83.

Insider Transactions at Nucor

In other news, EVP Kenneth Rex Query sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the transaction, the executive vice president now owns 85,326 shares in the company, valued at $15,902,206.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the sale, the executive vice president now owns 85,326 shares in the company, valued at $15,902,206.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the sale, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,151 shares of company stock worth $7,308,683. Insiders own 0.46% of the company’s stock.

Institutional Trading of Nucor

Several large investors have recently added to or reduced their stakes in NUE. Providence Capital Advisors LLC boosted its holdings in Nucor by 15,470.4% in the first quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 4,177 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Nucor during the first quarter valued at $32,000. Garner Asset Management Corp purchased a new position in Nucor during the fourth quarter valued at $37,000. Clarity Asset Management Inc. purchased a new position in Nucor during the fourth quarter valued at $41,000. Finally, Fairfield Bush & CO. purchased a new position in Nucor during the first quarter valued at $48,000. Institutional investors own 76.48% of the company’s stock.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.