Nucor Corporation (NYSE:NUE) – Research analysts at KeyCorp issued their Q3 2017 earnings per share estimates for shares of Nucor Corporation in a research note issued on Wednesday. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings per share of $0.79 for the quarter. KeyCorp currently has a “Hold” rating on the stock.

Nucor Corporation (NYSE:NUE) last released its earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.06). The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS.

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Several other equities research analysts have also recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of Nucor Corporation in a report on Friday, June 30th. Bank of America Corporation reissued a “buy” rating and set a $73.00 price target on shares of Nucor Corporation in a research note on Wednesday, September 6th. ValuEngine lowered Nucor Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Cowen and Company restated a “market perform” rating and set a $63.00 price target (up previously from $62.00) on shares of Nucor Corporation in a report on Tuesday, July 25th. Finally, Berenberg Bank restated a “buy” rating and set a $77.50 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.12.

Nucor Corporation (NYSE NUE) opened at 56.05 on Monday. Nucor Corporation has a 12 month low of $45.30 and a 12 month high of $68.00. The company has a market capitalization of $17.90 billion, a PE ratio of 15.74 and a beta of 1.54. The firm’s 50-day moving average is $54.81 and its 200-day moving average is $57.86.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, September 29th will be paid a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.69%. Nucor Corporation’s dividend payout ratio is presently 43.77%.

In related news, Director Victoria F. Haynes sold 2,500 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $55.16, for a total value of $137,900.00. Following the sale, the director now directly owns 33,573 shares of the company’s stock, valued at approximately $1,851,886.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Sumoski sold 2,537 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total transaction of $156,431.42. Following the completion of the sale, the insider now directly owns 62,434 shares in the company, valued at $3,849,680.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,604 shares of company stock valued at $1,351,495. 0.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware bought a new position in shares of Nucor Corporation during the second quarter valued at approximately $100,000. Krilogy Financial LLC raised its holdings in shares of Nucor Corporation by 4,594.6% in the second quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,700 shares during the period. Washington Trust Bank raised its holdings in shares of Nucor Corporation by 60.2% in the second quarter. Washington Trust Bank now owns 1,756 shares of the basic materials company’s stock worth $102,000 after buying an additional 660 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Nucor Corporation in the second quarter worth approximately $109,000. Finally, Sun Life Financial INC raised its holdings in shares of Nucor Corporation by 23,290.0% in the second quarter. Sun Life Financial INC now owns 2,339 shares of the basic materials company’s stock worth $135,000 after buying an additional 2,329 shares during the period. 74.86% of the stock is owned by institutional investors and hedge funds.

About Nucor Corporation

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

Earnings History and Estimates for Nucor Corporation (NYSE:NUE)

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