What is Zacks Research’s Forecast for Nucor Q3 Earnings?

Nucor Co. (NYSE:NUE) – Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for Nucor in a report released on Monday, March 10th. Zacks Research analyst R. Department now anticipates that the basic materials company will earn $3.58 per share for the quarter, up from their previous forecast of $3.54. The consensus estimate for Nucor’s current full-year earnings is $7.64 per share.

Several other equities research analysts also recently issued reports on NUE. JPMorgan Chase & Co. increased their price target on Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley increased their price target on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Jefferies Financial Group increased their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Argus set a $155.00 price objective on Nucor in a report on Wednesday, March 5th. Finally, Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Stock Up 1.0 %

Shares of Nucor stock opened at $131.21 on Wednesday. Nucor has a 1 year low of $112.25 and a 1 year high of $203.00. The business has a 50-day moving average of $129.12 and a two-hundred day moving average of $138.76. The company has a market capitalization of $30.25 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the prior year, the company earned $3.16 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Nucor during the fourth quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Nucor in the third quarter valued at approximately $26,000. Coastline Trust Co acquired a new stake in shares of Nucor in the third quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $29,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $29,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.68%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

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.