Zacks Research Has Bullish Forecast for Nucor Q2 Earnings

Nucor Corporation (NYSE:NUE - Free Report) - Investment analysts at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for Nucor in a research report issued to clients and investors on Monday, July 7th. Zacks Research analyst R. Department now anticipates that the basic materials company will earn $2.55 per share for the quarter, up from their prior estimate of $2.43. The consensus estimate for Nucor's current full-year earnings is $7.64 per share. Zacks Research also issued estimates for Nucor's FY2025 earnings at $7.68 EPS, Q2 2026 earnings at $3.07 EPS, FY2026 earnings at $9.36 EPS, Q2 2027 earnings at $3.25 EPS and FY2027 earnings at $12.72 EPS.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $140.00 to $145.00 in a report on Monday, June 2nd. The Goldman Sachs Group reduced their target price on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley boosted their target price on Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Finally, Wall Street Zen downgraded Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.00.

Nucor Trading Down 0.6%

Shares of NUE traded down $0.91 during midday trading on Thursday, hitting $142.40. 775,244 shares of the stock were exchanged, compared to its average volume of 2,239,468. Nucor has a 52-week low of $97.59 and a 52-week high of $170.52. The stock has a fifty day simple moving average of $122.30 and a 200 day simple moving average of $123.11. The firm has a market cap of $32.86 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.89 and a beta of 1.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 2.52.

Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.15). Nucor had a net margin of 4.40% and a return on equity of 6.82%. The firm had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.25 billion. During the same quarter last year, the business earned $3.46 EPS. The business's revenue was down 3.8% compared to the same quarter last year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, June 30th. Nucor's dividend payout ratio (DPR) is 39.15%.

Insider Transactions at Nucor

In related news, EVP Daniel R. Needham sold 7,088 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.87, for a total transaction of $906,342.56. Following the sale, the executive vice president owned 99,379 shares of the company's stock, valued at $12,707,592.73. This trade represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leon J. Topalian sold 34,238 shares of Nucor stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total value of $4,115,065.22. Following the sale, the chief executive officer owned 162,993 shares of the company's stock, valued at approximately $19,590,128.67. This represents a 17.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,326 shares of company stock valued at $6,325,108 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nucor

Hedge funds have recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Nucor during the fourth quarter worth approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of Nucor during the fourth quarter worth $29,000. MV Capital Management Inc. grew its position in shares of Nucor by 73.5% in the first quarter. MV Capital Management Inc. now owns 281 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 119 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 153 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Nucor in the fourth quarter valued at $41,000. 76.48% of the stock is owned by institutional investors and hedge funds.

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.