Nucor (NYSE:NUE – Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16), RTT News reports. The business had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Nucor had a return on equity of 21.42% and a net margin of 13.03%. Nucor’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 EPS. Nucor updated its Q2 guidance to below $3.46 EPS.
Nucor Trading Up 0.2 %
Shares of NUE opened at $191.74 on Tuesday. Nucor has a 1-year low of $129.79 and a 1-year high of $203.00. The company has a 50-day moving average of $191.30 and a 200 day moving average of $174.06. The firm has a market capitalization of $46.01 billion, a price-to-earnings ratio of 10.66 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35.
Nucor Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.13%. Nucor’s payout ratio is 12.01%.
Insider Activity at Nucor
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NUE. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. StockNews.com upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. UBS Group assumed coverage on shares of Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nucor from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and an average target price of $192.83.
View Our Latest Stock Report on NUE
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.
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