Nucor (NUE) Expected to Announce Earnings on Monday

Nucor (NYSE:NUE) will likely be posting its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect Nucor to post earnings of $0.94 per share and revenue of $6,770,099.47 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Nucor Stock Up 0.1 %

Shares of NYSE:NUE opened at $122.19 on Friday. Nucor has a 1 year low of $112.25 and a 1 year high of $203.00. The stock has a 50-day simple moving average of $130.66 and a 200-day simple moving average of $143.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a market capitalization of $28.69 billion, a P/E ratio of 11.81 and a beta of 1.60.

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be paid 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 1.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Nucor’s payout ratio is currently 21.26%.

Insiders Place Their Bets

In related news, EVP Kenneth Rex Query sold 9,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the executive vice president now directly owns 98,770 shares of the company’s stock, valued at $14,499,436. The trade was a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Leon J. Topalian sold 11,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.11, for a total value of $1,860,210.00. Following the transaction, the chief executive officer now directly owns 172,136 shares in the company, valued at approximately $29,109,918.96. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,680 shares of company stock worth $4,773,724 in the last three months. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NUE. Morgan Stanley reduced their target price on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group reduced their price objective on Nucor from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Citigroup lowered their target price on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. UBS Group reissued a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.63.

Nucor Company Profile

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.