Nucor (NYSE:NUE) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76.

Several analysts have weighed in on the company. Credit Suisse Group lowered their price objective on Nucor from $68.00 to $63.00 and set a buy rating for the company in a research report on Thursday, September 28th. Bank of America decreased their target price on Nucor from $73.00 to $71.00 and set a buy rating for the company in a report on Friday, October 20th. ValuEngine upgraded Nucor from a hold rating to a buy rating in a report on Friday, December 1st. Longbow Research downgraded Nucor from a buy rating to a neutral rating and upped their target price for the company from $55.01 to $56.04 in a report on Monday, October 2nd. Finally, Jefferies Group set a $68.00 target price on Nucor and gave the company a buy rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $66.80.

Nucor (NYSE:NUE) opened at $60.11 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11. The company has a market capitalization of $18,928.76, a P/E ratio of 17.51, a P/E/G ratio of 1.35 and a beta of 1.58. Nucor has a twelve month low of $51.67 and a twelve month high of $66.00.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Nucor had a return on equity of 12.78% and a net margin of 5.80%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. research analysts expect that Nucor will post 3.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, December 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.53%. This is a boost from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 28th. Nucor’s dividend payout ratio is presently 43.90%.

In related news, Chairman John J. Ferriola sold 15,131 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.40, for a total value of $913,912.40. Following the sale, the chairman now directly owns 349,506 shares of the company’s stock, valued at $21,110,162.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider D. Chad Utermark sold 9,003 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $59.72, for a total value of $537,659.16. Following the completion of the sale, the insider now directly owns 73,883 shares in the company, valued at $4,412,292.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,217 shares of company stock worth $2,608,231. 0.70% of the stock is owned by insiders.

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Nucor Company Profile

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 (NYSE:NUE)

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