Press coverage about Nucor (NYSE:NUE) has trended somewhat positive on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Nucor earned a daily sentiment score of 1.67 on their scale. InfoTrie also gave media headlines about the basic materials company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Nucor’s analysis:

Shares of NYSE NUE traded down $0.98 during trading hours on Wednesday, hitting $62.10. 1,903,892 shares of the company traded hands, compared to its average volume of 2,586,989. The company has a market cap of $19.51 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.68 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.69 and a current ratio of 3.15. Nucor has a 12 month low of $53.71 and a 12 month high of $70.48.

Nucor (NYSE:NUE) last released its earnings results on Thursday, October 18th. The basic materials company reported $2.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.02). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.64 billion. Nucor had a net margin of 8.79% and a return on equity of 20.72%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. As a group, equities analysts predict that Nucor will post 7.63 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, September 28th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, September 27th. Nucor’s dividend payout ratio is currently 43.30%.

Nucor declared that its board has authorized a stock buyback plan on Thursday, September 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several analysts have recently issued reports on the company. ValuEngine raised Nucor from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research cut Nucor from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Argus reaffirmed a “buy” rating on shares of Nucor in a report on Tuesday, October 23rd. BMO Capital Markets decreased their price objective on Nucor from $75.00 to $70.00 and set a “market perform” rating on the stock in a report on Friday, October 19th. Finally, Citigroup decreased their price objective on Nucor from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Nucor has an average rating of “Buy” and a consensus target price of $73.58.

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Nucor Company Profile

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. 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; hollow structural section steel tubing, steel electrical conduit, plate steel, and structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

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