Research Analysts Offer Predictions for Nucor Q1 Earnings

Nucor Co. (NYSE:NUE) – Investment analysts at Seaport Res Ptn reduced their Q1 2025 earnings estimates for Nucor in a research report issued to clients and investors on Tuesday, October 22nd. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will earn $2.36 per share for the quarter, down from their prior estimate of $3.09. The consensus estimate for Nucor’s current full-year earnings is $9.08 per share. Seaport Res Ptn also issued estimates for Nucor’s FY2025 earnings at $10.87 EPS.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.09. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. Nucor’s revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the company posted $4.57 earnings per share.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their target price on Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday. Argus upgraded shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. BMO Capital Markets cut their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a report on Wednesday, September 18th. Finally, Morgan Stanley decreased their price objective on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.57.

Nucor Trading Up 0.1 %

NYSE:NUE opened at $141.47 on Friday. The firm has a market capitalization of $33.58 billion, a P/E ratio of 13.67 and a beta of 1.55. The business has a 50 day simple moving average of $147.66 and a 200 day simple moving average of $158.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.85. Nucor has a 12-month low of $133.42 and a 12-month high of $203.00.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 1.53%. Nucor’s dividend payout ratio (DPR) is 20.87%.

Insider Buying and Selling

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total value of $1,379,840.00. Following the completion of the sale, the executive vice president now directly owns 99,049 shares of the company’s stock, valued at approximately $15,847,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of Nucor

Several institutional investors and hedge funds have recently added to or reduced their stakes in NUE. Pacer Advisors Inc. lifted its position in shares of Nucor by 29.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company’s stock valued at $456,030,000 after acquiring an additional 660,866 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Nucor by 14,525.9% during the third quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company’s stock valued at $49,144,000 after purchasing an additional 324,654 shares during the last quarter. Swedbank AB purchased a new stake in shares of Nucor during the first quarter valued at $37,395,000. Captrust Financial Advisors boosted its position in shares of Nucor by 23.5% in the 1st quarter. Captrust Financial Advisors now owns 804,150 shares of the basic materials company’s stock valued at $159,141,000 after purchasing an additional 153,077 shares during the period. Finally, Trinity Street Asset Management LLP purchased a new position in Nucor in the 2nd quarter worth about $19,213,000. 76.48% of the stock is owned by institutional investors and hedge funds.

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.