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

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.

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

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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