News coverage about Nucor (NYSE:NUE) has trended somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nucor earned a daily sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned media coverage about the basic materials company an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Alpha One’s scoring:
- Edited Transcript of NUE earnings conference call or presentation 20-Apr-17 6:00pm GMT (finance.yahoo.com)
- Can Nucor Continue Its Winning Streak? (finance.yahoo.com)
- Nucor’s (NUE) “Hold” Rating Reiterated at BMO Capital Markets (americanbankingnews.com)
- Nucor Co. Expected to Earn Q1 2017 Earnings of $1.16 Per Share (NUE) (americanbankingnews.com)
- Nucor’s (NUE) Buy Rating Reaffirmed at Barclays PLC (americanbankingnews.com)
Nucor (NYSE:NUE) traded down 1.52% during midday trading on Friday, reaching $59.43. 1,252,963 shares of the company’s stock traded hands. The company has a market cap of $18.95 billion, a P/E ratio of 23.94 and a beta of 1.45. The stock has a 50-day moving average of $60.66 and a 200 day moving average of $58.55. Nucor has a 52-week low of $44.81 and a 52-week high of $68.00.
Nucor (NYSE:NUE) last announced its earnings results on Thursday, April 20th. The basic materials company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.03. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.67 billion. Nucor had a net margin of 4.53% and a return on equity of 9.32%. Nucor’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, analysts anticipate that Nucor will post $3.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Investors of record on Friday, March 31st will be issued a dividend of $0.3775 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.50%. Nucor’s dividend payout ratio is presently 65.94%.
Several research analysts have recently commented on the stock. Barclays PLC restated a “buy” rating and set a $68.00 price target on shares of Nucor in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Nucor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $77.00 target price on shares of Nucor in a research note on Tuesday, January 10th. Zacks Investment Research lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $68.00 target price on shares of Nucor in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Nucor has a consensus rating of “Buy” and an average price target of $65.97.
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In related news, insider Raymond S. Napolitan, Jr. sold 12,400 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $63.74, for a total value of $790,376.00. Following the sale, the insider now directly owns 73,885 shares of the company’s stock, valued at $4,709,429.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO James D. Frias sold 52,631 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $62.57, for a total value of $3,293,121.67. Following the completion of the sale, the chief financial officer now directly owns 174,037 shares in the company, valued at $10,889,495.09. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.
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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