Nucor (NYSE:NUE) Posts Earnings Results, Misses Expectations By $0.15 EPS

Nucor (NYSE:NUE) issued its quarterly earnings results on Monday. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15), Zacks reports. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a return on equity of 9.85% and a net margin of 6.60%.

Nucor Price Performance

Nucor stock opened at $116.66 on Tuesday. The firm has a market capitalization of $26.89 billion, a P/E ratio of 13.87, a PEG ratio of 0.96 and a beta of 1.67. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor has a 52-week low of $97.59 and a 52-week high of $176.60. The firm has a fifty day moving average of $122.11 and a 200-day moving average of $131.41.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.89%. Nucor’s dividend payout ratio is presently 26.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley set a $164.00 target price on Nucor in a report on Monday, March 24th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Jefferies Financial Group increased their target price on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Finally, UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $160.00 in a research note on Monday, March 24th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $160.33.

Nucor Company Profile

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.