Nucor (NUE) to Release Quarterly Earnings on Thursday
Nucor (NYSE:NUE) will announce its earnings results before the market opens on Thursday, April 19th. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Nucor has set its Q1 guidance at above $0.65 EPS.
Nucor (NYSE:NUE) last issued its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, analysts expect Nucor to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NYSE NUE opened at $62.46 on Tuesday. The stock has a market cap of $19,594.44, a PE ratio of 17.79, a PEG ratio of 0.92 and a beta of 1.53. Nucor has a 12 month low of $51.67 and a 12 month high of $70.48. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36.
A number of equities research analysts recently issued reports on NUE shares. Zacks Investment Research downgraded shares of Nucor from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Bank of America set a $75.00 target price on shares of Nucor and gave the company a “buy” rating in a report on Monday, January 8th. Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets boosted their target price on shares of Nucor to $72.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $69.32.
In other Nucor news, Chairman John J. Ferriola sold 14,313 shares of Nucor stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $64.12, for a total transaction of $917,749.56. Following the transaction, the chairman now directly owns 333,775 shares of the company’s stock, valued at $21,401,653. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Raymond S. Napolitan, Jr. sold 8,000 shares of Nucor stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $65.11, for a total transaction of $520,880.00. Following the transaction, the executive vice president now directly owns 78,381 shares in the company, valued at $5,103,386.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,350 shares of company stock worth $4,312,607. 0.80% of the stock is currently owned by corporate insiders.
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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