Nucor (NUE) Projected to Post Earnings on Monday

Nucor (NYSE:NUE) is anticipated to release its earnings data after the market closes on Monday, April 28th. Analysts expect Nucor to post earnings of $0.92 per share and revenue of $7.25 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the prior year, the firm earned $3.16 earnings per share. On average, analysts expect Nucor to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Nucor Stock Up 1.5 %

Shares of NYSE:NUE opened at $110.62 on Monday. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $193.61. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The firm’s 50 day moving average price is $125.13 and its 200 day moving average price is $133.02.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

Analysts Set New Price Targets

A number of research firms have weighed in on NUE. JPMorgan Chase & Co. cut their price target on Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group boosted their target price on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Friday. Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Finally, UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and increased their target price for the company from $156.00 to $160.00 in a research report on Monday, March 24th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.33.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.