NYSE:NUE - Nucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NUE stock has decreased by 1.4% and is now trading at $34.92. 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 earnings results on Tuesday, January, 28th. The basic materials company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.63% and a return on equity of 12.12%. The business's revenue was down 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 EPS. View Nucor's earnings history.

Nucor announced a quarterly dividend on Tuesday, February 18th. Stockholders 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 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Monday, March 30th. View Nucor's dividend history.

Nucor announced that its board has approved a share buyback plan 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 plans are typically a sign 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 guidance of $0.95-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84.

11 brokerages have issued 12-month target prices for Nucor's stock. Their forecasts range from $30.00 to $71.00. On average, they expect Nucor's stock price to reach $52.45 in the next twelve months. This suggests a possible upside of 50.2% from the stock's current price. View analysts' price targets for Nucor.

Media stories about NUE stock have been trending very negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nucor earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutNucor.

Nucor saw a decline in short interest in the month of 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 trading volume of 2,320,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.9% of the company's stock are sold short. 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), Cleveland-Cliffs (CLF), United States Steel (X), 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 $34.92.

Nucor has a market capitalization of $10.51 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.