News headlines about Nucor (NYSE:NUE) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nucor earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.5984380759 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Nucor (NUE) Rating Increased to Buy at Longbow Research (americanbankingnews.com)
- KeyCorp Analysts Lower Earnings Estimates for Nucor Co. (NUE) (americanbankingnews.com)
- Zekelman Industries, Inc. — Moody’s changes Zekelman Industries outlook to positive (finance.yahoo.com)
- Zacks: Analysts Anticipate Nucor Co. (NUE) to Post $0.70 EPS (americanbankingnews.com)
- Golub Capital Partners Funding 2007-1 Ltd. — Moody’s changes Zekelman Industries outlook to positive (finance.yahoo.com)
Nucor (NUE) opened at $63.85 on Thursday. 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 stock has a market capitalization of $19,847.54, a price-to-earnings ratio of 18.36, a PEG ratio of 1.44 and a beta of 1.58. Nucor has a 1 year low of $51.67 and a 1 year high of $66.00.
Nucor (NYSE:NUE) last issued its earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The business 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 company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. sell-side analysts predict that Nucor will post 3.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, December 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, December 28th. This is a boost from Nucor’s previous quarterly dividend of $0.38. Nucor’s dividend payout ratio (DPR) is 43.90%.
NUE has been the topic of a number of recent analyst reports. Longbow Research raised Nucor from a “neutral” rating to a “buy” rating in a report on Wednesday. ValuEngine upgraded Nucor from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets set a $62.00 price objective on Nucor and gave the company a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Cowen upped their target price on Nucor from $57.00 to $63.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.80.
In other Nucor news, insider D. Chad Utermark sold 9,003 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $59.72, for a total transaction of $537,659.16. Following the transaction, the insider now directly owns 73,883 shares in the company, valued at $4,412,292.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John J. Ferriola sold 15,131 shares of Nucor stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $60.40, for a total value of $913,912.40. Following the completion of the transaction, the chairman now owns 349,506 shares in the company, valued at $21,110,162.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,717 shares of company stock valued at $2,470,331. 0.70% of the stock is currently 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).
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