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Brokers Issue Forecasts for Nucor's Q2 Earnings (NYSE:NUE)

Nucor logo with Basic Materials background

Nucor Corporation (NYSE:NUE - Free Report) - Analysts at Zacks Research lifted their Q2 2025 earnings per share (EPS) estimates for Nucor in a note issued to investors on Monday, July 7th. Zacks Research analyst R. Department now expects that the basic materials company will earn $2.55 per share for the quarter, up from their previous 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.

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

NUE has been the subject of several other reports. Morgan Stanley upped their price objective on Nucor from $134.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Wall Street Zen downgraded Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. UBS Group dropped their target price on Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $140.00 to $145.00 in a research note on Monday, June 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Read Our Latest Research Report on NUE

Nucor Stock Up 0.2%

NUE stock opened at $140.00 on Thursday. The firm has a market capitalization of $32.31 billion, a PE ratio of 24.91, a PEG ratio of 0.89 and a beta of 1.70. Nucor has a 1-year low of $97.59 and a 1-year high of $170.52. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32. The business's 50 day simple moving average is $121.82 and its 200 day simple moving average is $122.92.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, June 30th. Nucor's payout ratio is currently 39.15%.

Insider Buying and Selling at Nucor

In other news, EVP Daniel R. Needham sold 7,088 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.87, for a total value of $906,342.56. Following the completion of the transaction, the executive vice president owned 99,379 shares in the company, valued at $12,707,592.73. The trade was a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.37, for a total value of $1,303,700.00. Following the completion of the transaction, the executive vice president owned 94,080 shares in the company, valued at $12,265,209.60. The trade was a 9.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,326 shares of company stock valued at $6,325,108 in the last 90 days. Insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Nucor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Nucor during the 4th quarter worth about $15,452,000. Raymond James Financial Inc. purchased a new position in shares of Nucor during the fourth quarter worth about $38,714,000. Moran Wealth Management LLC grew its holdings in shares of Nucor by 3.8% during the fourth quarter. Moran Wealth Management LLC now owns 4,766 shares of the basic materials company's stock worth $556,000 after buying an additional 176 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Nucor by 19.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 61,549 shares of the basic materials company's stock worth $7,183,000 after purchasing an additional 9,810 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in Nucor by 6.3% in the 4th quarter. Independent Advisor Alliance now owns 15,576 shares of the basic materials company's stock worth $1,818,000 after acquiring an additional 929 shares during the period. Hedge funds and other institutional investors own 76.48% of the company's stock.

About Nucor

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Nucor (NYSE:NUE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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