Nucor (NUE) Set to Announce Earnings on Monday

Nucor (NYSE:NUE - Get Free Report) is scheduled to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $3.60 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The company had revenue of $7.70 billion for the quarter, compared to analysts' expectations of $7.64 billion. During the same quarter in the prior year, the business posted $4.89 EPS. The business's revenue was down 11.7% compared to the same quarter last year. On average, analysts expect Nucor to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Nucor Stock Down 0.3 %

Shares of Nucor stock traded down $0.53 on Monday, reaching $194.00. 854,674 shares of the company were exchanged, compared to its average volume of 1,386,398. Nucor has a one year low of $129.79 and a one year high of $203.00. The company has a market capitalization of $46.56 billion, a price-to-earnings ratio of 10.78 and a beta of 1.61. The company has a current ratio of 3.57, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $190.42 and a 200 day moving average of $172.55.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor's dividend payout ratio is currently 12.01%.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 10,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company's stock, valued at approximately $15,386,751.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Allen C. Behr sold 10,000 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the sale, the executive vice president now directly owns 80,902 shares in the company, valued at approximately $15,386,751.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Keller sold 3,145 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the transaction, the insider now owns 24,873 shares of the company's stock, valued at $4,817,153.91. The disclosure for this sale can be found here. Insiders have sold a total of 38,151 shares of company stock valued at $7,308,683 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nucor

Several large investors have recently bought and sold shares of the company. Garner Asset Management Corp bought a new position in shares of Nucor during the fourth quarter worth about $37,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Nucor during the first quarter worth about $32,000. Clarity Asset Management Inc. bought a new position in shares of Nucor during the fourth quarter worth about $41,000. Fairfield Bush & CO. bought a new position in shares of Nucor during the first quarter worth about $48,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Nucor during the fourth quarter worth approximately $65,000. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Nucor in a research note on Tuesday, January 16th. They set a "buy" rating and a $210.00 price objective on the stock. StockNews.com raised Nucor from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. Finally, Citigroup raised Nucor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Nucor currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.67.

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.