Nucor Co. (NYSE:NUE) – Equities researchers at KeyCorp issued their FY2021 earnings estimates for Nucor in a research note issued to investors on Monday, March 23rd. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings of $4.00 per share for the year. KeyCorp has a “Overweight” rating and a $43.00 price target on the stock.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Tuesday, January 28th. The basic materials company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.21. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.01 billion. Nucor had a net margin of 5.63% and a return on equity of 12.12%. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 earnings per share.

NUE has been the subject of a number of other research reports. Credit Suisse Group reduced their price objective on Nucor from $57.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Monday, December 9th. Goldman Sachs Group downgraded shares of Nucor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $60.00 to $55.00 in a report on Friday, January 31st. BMO Capital Markets lowered their price objective on shares of Nucor from $57.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, March 20th. Finally, Deutsche Bank lowered shares of Nucor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.09.

Shares of Nucor stock opened at $31.20 on Thursday. The business has a 50-day simple moving average of $41.41 and a 200 day simple moving average of $50.56. Nucor has a one year low of $27.52 and a one year high of $61.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.34 and a quick ratio of 1.78. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.72 and a beta of 1.61.

Large investors have recently modified their holdings of the business. Americana Partners LLC purchased a new stake in shares of Nucor in the fourth quarter valued at about $27,000. TRUE Private Wealth Advisors purchased a new position in Nucor during the fourth quarter worth about $45,000. Wealth Quarterback LLC bought a new stake in Nucor in the 4th quarter worth about $46,000. Evoke Wealth LLC bought a new stake in Nucor in the 3rd quarter worth about $47,000. Finally, Marshall Wace North America L.P. purchased a new stake in Nucor in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, March 30th. Nucor’s payout ratio is currently 37.35%.

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; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

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Earnings History and Estimates for Nucor (NYSE:NUE)

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