Somewhat Positive Media Coverage Somewhat Unlikely to Impact Nucor Corporation (NUE) Share Price
News stories about Nucor Corporation (NYSE:NUE) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nucor Corporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.2166815533583 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Nucor Corp. : NUE-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 12, 2017 (finance.yahoo.com)
- Morning Sector Snapshot: FedEx Climbs, Oilfield Services Fall (finance.yahoo.com)
- Why Analysts Expect a Big Bump in Nucor’s 3Q17 Revenues (finance.yahoo.com)
- 4 Things Markets Would Like to Hear in Nucor’s 3Q17 Call (finance.yahoo.com)
- Evening Sector Snapshot: Steel, Railroads Rise; Best Buy Slips (finance.yahoo.com)
NUE has been the subject of several recent research reports. Jefferies Group LLC set a $68.00 price objective on Nucor Corporation and gave the stock a “buy” rating in a report on Monday, August 21st. Berenberg Bank reissued a “buy” rating and issued a $77.50 price objective on shares of Nucor Corporation in a report on Wednesday, July 19th. Morgan Stanley reissued a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Longbow Research reissued a “buy” rating and issued a $66.00 price objective on shares of Nucor Corporation in a report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $73.00 price objective on shares of Nucor Corporation in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.13.
Shares of Nucor Corporation (NUE) opened at 58.31 on Friday. The company has a market cap of $18.63 billion, a P/E ratio of 16.37 and a beta of 1.54. The company has a 50-day moving average price of $55.22 and a 200-day moving average price of $57.57. Nucor Corporation has a 52-week low of $45.30 and a 52-week high of $68.00.
Nucor Corporation (NYSE:NUE) last announced its earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.06). The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. Nucor Corporation’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. On average, equities analysts predict that Nucor Corporation will post $3.85 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, September 29th will be issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 28th. Nucor Corporation’s dividend payout ratio (DPR) is 43.77%.
In related news, insider David A. Sumoski sold 2,537 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,849,680.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Victoria F. Haynes sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was 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 $1,851,886.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,604 shares of company stock valued at $1,351,495. Company insiders own 0.70% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-nucor-corporation-nue-share-price/1629442.html.
Nucor Corporation 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).
Receive News & Ratings for Nucor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.