Nucor (NUE) Receives Media Sentiment Score of 0.15
News headlines about Nucor (NYSE:NUE) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nucor earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.540803009431 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Nucor (NYSE NUE) traded down $0.43 during mid-day trading on Thursday, reaching $68.82. The company had a trading volume of 2,800,000 shares, compared to its average volume of 3,180,000. 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 $21,880.00, a PE ratio of 19.17, a P/E/G ratio of 1.21 and a beta of 1.58. Nucor has a 52 week low of $51.67 and a 52 week high of $70.48.
Nucor (NYSE:NUE) last announced its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Nucor had a return on equity of 12.78% and a net margin of 5.80%. Nucor’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. research analysts anticipate that Nucor will post 3.5 EPS for the current year.
A number of research firms recently commented on NUE. Credit Suisse Group decreased their target price on Nucor from $68.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, September 28th. Jefferies Group reaffirmed a “buy” rating and set a $77.00 target price on shares of Nucor in a report on Tuesday, January 9th. Bank of America decreased their target price on Nucor from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, October 20th. Longbow Research cut Nucor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $55.01 to $56.04 in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut Nucor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Nucor presently has a consensus rating of “Buy” and a consensus price target of $68.37.
In other news, EVP Robert J. Stratman sold 39,037 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now directly owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ladd R. Hall sold 17,583 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $57.94, for a total value of $1,018,759.02. Following the completion of the sale, the insider now owns 206,406 shares of the company’s stock, valued at $11,959,163.64. The disclosure for this sale can be found here. Insiders sold 80,754 shares of company stock valued at $4,964,014 over the last 90 days. Company insiders own 0.70% of the company’s stock.
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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