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. Since then, NUE shares have 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) released its quarterly earnings results on Tuesday, January, 28th. The basic materials company reported $0.52 EPS for the quarter, beating the Zacks' 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%. The firm's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the prior 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 paid a dividend of $0.4025 per share on Monday, May 11th. This represents a $1.61 dividend on an annualized basis and a dividend 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 authorized a share repurchase plan on Thursday, September 6th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Nucor issued an update on 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 earnings per share estimate of $0.84.

11 Wall Street analysts have issued 1 year price objectives 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 year. This suggests a possible upside of 45.6% from the stock's current price. View analysts' price targets for Nucor.

News coverage about NUE stock has been trending very negative on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nucor earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View the latest news aboutNucor.

Nucor saw a decline in short interest during 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 daily 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), 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.