Nucor (NUE) to Release Quarterly Earnings on Monday

Nucor (NYSE:NUE - Get Free Report) is anticipated to release its earnings data after the market closes on Monday, January 27th. Analysts expect Nucor to post earnings of $0.94 per share and revenue of $6,770,099.47 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Nucor Stock Up 0.1 %

NYSE:NUE traded up $0.13 during mid-day trading on Friday, reaching $122.19. The stock had a trading volume of 2,399,664 shares, compared to its average volume of 1,768,469. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The stock has a market cap of $28.69 billion, a P/E ratio of 11.81 and a beta of 1.60. The business's 50 day moving average is $130.66 and its 200 day moving average is $143.46. Nucor has a fifty-two week low of $112.25 and a fifty-two week high of $203.00.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Nucor's previous quarterly dividend of $0.54. Nucor's dividend payout ratio (DPR) is currently 21.26%.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 4,968 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the sale, the executive vice president now owns 85,376 shares in the company, valued at approximately $13,636,254.72. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the sale, the executive vice president now owns 98,770 shares in the company, valued at approximately $14,499,436. This represents a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,680 shares of company stock valued at $4,773,724. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NUE shares. The Goldman Sachs Group started coverage on shares of Nucor in a research report on Monday, December 2nd. They set a "buy" rating and a $190.00 target price on the stock. UBS Group reissued a "neutral" rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Morgan Stanley reduced their target price on Nucor from $170.00 to $166.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Nucor from $168.00 to $152.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Jefferies Financial Group reduced their price objective on shares of Nucor from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nucor currently has an average rating of "Moderate Buy" and a consensus price target of $163.63.

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.