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 (WHO). Since then, NUE stock has increased by 1.7% and is now trading at $36.02. 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 for the quarter, topping 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 return on equity of 12.12% and a net margin of 5.63%. Nucor's quarterly revenue was down 18.5% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. 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 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, March 30th. View Nucor's dividend history.

Nucor declared that its Board of Directors has approved a stock repurchase program on Thursday, September 6th 2018, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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

11 brokerages have issued 1 year price targets 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 45.6% from the stock's current price. View analysts' price targets for Nucor.

Media headlines about NUE stock have trended positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nucor earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutNucor.

Nucor saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,797,600 shares, a decrease 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 short-interest ratio is presently 2.5 days. Currently, 1.9% of the shares of the 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), 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), Cisco Systems (CSCO), Home Depot (HD), AT&T (T), 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 $36.02.

Nucor has a market capitalization of $10.84 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.