NYSE:NUE - Nucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NUE stock has decreased by 0.6% and is now trading at $35.23. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nucor.

Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) announced its quarterly earnings data on Tuesday, January, 28th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.21. The basic materials company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.01 billion. Nucor had a return on equity of 12.12% and a net margin of 5.63%. Nucor's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 earnings per share. View Nucor's earnings history.

Nucor announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.4025 per share on Monday, May 11th. This represents a $1.61 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, March 30th. View Nucor's dividend history.

Nucor declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 6th 2018, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Nucor updated its first quarter earnings guidance on Thursday, March, 19th. The company provided earnings per share (EPS) guidance of $0.95-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84.

11 Wall Street analysts have issued 12-month target prices for Nucor's shares. Their forecasts range from $30.00 to $71.00. On average, they expect Nucor's share price to reach $52.45 in the next twelve months. This suggests a possible upside of 48.9% from the stock's current price. View analysts' price targets for Nucor.

News stories about NUE stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nucor earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the basic materials company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near term. View the latest news aboutNucor.

Nucor saw a decline in short interest in March. As of March 13th, there was short interest totaling 5,797,600 shares, a decline of 22.2% from the February 27th total of 7,450,000 shares. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.9% of the company's stock are short sold. View Nucor's Current Options Chain.

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), United States Steel (X), Cleveland-Cliffs (CLF), Carpenter Technology (CRS), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Nucor investors own include NVIDIA (NVDA), Home Depot (HD), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Micron Technology (MU), Exxon Mobil (XOM), Alibaba Group (BABA), AbbVie (ABBV) and Bank of America (BAC).

Nucor trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Shares of NUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NUE stock can currently be purchased for approximately $35.23.

Nucor has a market capitalization of $10.60 billion and generates $22.59 billion in revenue each year. The basic materials company earns $1.27 billion in net income (profit) each year or $4.31 on an earnings per share basis. Nucor employs 26,800 workers across the globe. View additional information about Nucor.

The official website for Nucor is http://www.nucor.com/.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company can be reached via phone at 704-366-7000.