Nucor (NUE) Projected to Post Earnings on Monday

Nucor (NYSE:NUE) is projected to issue its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect Nucor to post earnings of $0.94 per share and revenue of $6,770,099.47 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Nucor Trading Up 0.1 %

Shares of NUE stock opened at $122.19 on Friday. Nucor has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The company has a 50 day moving average price of $130.66 and a 200 day moving average price of $143.46. The stock has a market capitalization of $28.69 billion, a P/E ratio of 11.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59.

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.80%. This is a boost from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nucor’s payout ratio is presently 21.26%.

Insider Transactions at Nucor

In related news, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. The trade was a 8.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Allen C. Behr sold 4,968 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the sale, the executive vice president now directly owns 85,376 shares in the company, valued at approximately $13,636,254.72. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,680 shares of company stock valued at $4,773,724 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group reissued a “neutral” rating and issued a $156.00 target price (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Jefferies Financial Group dropped their price objective on Nucor from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Morgan Stanley cut their target price on Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.63.

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.