Nucor (NUE) Expected to Announce Earnings on Monday

Nucor (NYSE:NUE) is expected to issue its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $6,770,099.47 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter last year, the business earned $4.57 earnings per share. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, analysts expect Nucor to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Nucor Stock Performance

NYSE:NUE opened at $124.40 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $133.52 and a two-hundred day moving average price of $144.40. Nucor has a twelve month low of $112.25 and a twelve month high of $203.00. The company has a market capitalization of $29.21 billion, a P/E ratio of 12.02 and a beta of 1.60.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.55 per share. This is an increase from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, December 31st. Nucor’s dividend payout ratio (DPR) is 21.26%.

Insider Transactions at Nucor

In related news, CFO Stephen D. Laxton sold 4,712 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total value of $798,825.36. Following the sale, the chief financial officer now directly owns 82,132 shares of the company’s stock, valued at $13,923,837.96. This represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allen C. Behr sold 4,968 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the completion of the sale, the executive vice president now directly owns 85,376 shares in the company, valued at $13,636,254.72. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,680 shares of company stock valued at $4,773,724. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NUE shares. Jefferies Financial Group dropped their target price on shares of Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group started coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. Citigroup lowered their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. UBS Group reiterated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $163.63.

About Nucor

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.