Nucor Corporation (NUE) Earns News Sentiment Score of 0.26
Media stories about Nucor Corporation (NYSE:NUE) have trended positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nucor Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.5813719203654 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Nucor Corp. breached its 50 day moving average in a Bearish Manner : NUE-US : November 13, 2017 (finance.yahoo.com)
- Zacks: Analysts Expect Nucor Corporation (NUE) to Announce $0.77 Earnings Per Share (americanbankingnews.com)
- Steel Giant Nucor is Built to Lead (fool.com)
- Head to Head Review: Gibraltar Industries (ROCK) vs. Nucor Corporation (NUE) (americanbankingnews.com)
- Nucor Corporation (NUE) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Nucor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen and Company increased their price target on shares of Nucor Corporation from $57.00 to $63.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Bank of America Corporation lowered their price target on shares of Nucor Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Credit Suisse Group increased their price target on shares of Nucor Corporation from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Citigroup Inc. set a $66.00 price target on shares of Nucor Corporation and gave the company a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Nucor Corporation currently has a consensus rating of “Hold” and an average price target of $67.32.
Nucor Corporation (NUE) traded down $0.13 during trading hours on Tuesday, reaching $55.70. 1,836,600 shares of the company’s stock were exchanged, compared to its average volume of 2,706,709. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11. The stock has a market capitalization of $17,749.29, a P/E ratio of 16.42, a P/E/G ratio of 1.25 and a beta of 1.59. Nucor Corporation has a 12 month low of $51.67 and a 12 month high of $68.00.
Nucor Corporation (NYSE:NUE) last posted its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.19 billion. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.78%. Nucor Corporation’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. research analysts anticipate that Nucor Corporation will post 3.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, September 29th were paid a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Thursday, September 28th. Nucor Corporation’s dividend payout ratio is currently 43.90%.
In other Nucor Corporation news, insider D. Chad Utermark sold 9,003 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $59.72, for a total transaction of $537,659.16. Following the transaction, the insider now owns 73,883 shares of the company’s stock, valued at $4,412,292.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ladd R. Hall sold 17,583 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the transaction, the insider now directly owns 206,406 shares in the company, valued at approximately $11,959,163.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,217 shares of company stock worth $2,608,231. 0.70% of the stock is currently owned by insiders.
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Nucor Corporation Company Profile
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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