$ 7.55 billion in anticipated gross sales for Nucor Co. (NYSE: NUE) this quarter

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Wall Road brokers anticipate Nucor Co. (NYSE: NUE) to publish gross sales of $ 7.55 billion for the present fiscal quarter, Zacks reviews. Two analysts have supplied earnings estimates for Nucor. The bottom gross sales estimate is $ 7.44 billion and the very best is $ 7.65 billion. Nucor reported gross sales of $ 5.62 billion in the identical quarter final 12 months, which might point out a optimistic year-over-year development charge of 34.3%. The corporate is anticipated to announce its subsequent quarterly outcomes on Tuesday, April 27.

On common, analysts anticipate Nucor to report annual income of $ 28.28 billion for the present fiscal 12 months, with estimates starting from $ 25.69 billion to $ 31.32 billion. {dollars}. For the subsequent fiscal 12 months, analysts predict the corporate may have gross sales of $ 24.77 billion, with estimates starting from $ 21.78 billion to $ 28.10 billion. Zacks’ gross sales averages are a mean based mostly on a survey of analysts who observe Nucor.

Nucor (NYSE: NUE) final launched its quarterly outcomes on Thursday, January 28. The fundamental supplies firm reported earnings per share (EPS) of $ 1.30 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.22 per $ 0.08. Nucor had a return on fairness of seven.21% and a internet margin of two.15%. The corporate posted income of $ 5.26 billion within the quarter, in comparison with analysts’ expectations of $ 5.45 billion. In the identical quarter of the earlier 12 months, the corporate posted earnings per share of $ 0.52. The corporate’s income for the quarter elevated 2.5% in comparison with the identical quarter final 12 months.

NUE has been the topic of a number of current analyst reviews. BMO Capital Markets raised its worth goal on Nucor from $ 63.00 to $ 75.00 and assigned the inventory a “market return” ranking in a analysis observe on Wednesday, March 17. Zacks funding analysis upgraded Nucor from a “maintain” ranking to a “robust purchase” ranking and set a worth goal of $ 76.00 for the corporate in a report on Wednesday, March 10. Argus upgraded Nucor from a “keep” ranking to a “purchase” ranking and set a worth goal of $ 85.00 for the corporate in a report Thursday. Morgan Stanley raised its worth goal on Nucor from $ 60.00 to $ 71.00 and gave the corporate an “equal weight” ranking in a report on Thursday, March 18. Lastly, Credit score Suisse Group upgraded Nucor from a “impartial” ranking to an “outperformance” ranking and raised its worth goal for the corporate from $ 48.00 to $ 63.00 in a report on Wednesday, February 3. Six funding analysts rated the inventory with a upkeep ranking, 5 gave the corporate a purchase ranking and one gave the corporate a robust purchase ranking. The inventory has a consensus ranking of “Purchase” and a mean worth goal of $ 57.67.

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On a associated observe, Govt Vice President Craig A. Feldman offered 29,672 shares in a transaction dated Wednesday, February 24. The inventory was offered for a mean worth of $ 62.53, for a complete worth of $ 1,855,390.16. Following the closing of the sale, the Govt Vice President now straight owns 109,311 shares of the corporate, valued at roughly $ 6,835,216.83. The sale was disclosed in a doc filed with the SEC, accessible by way of this hyperlink. Moreover, Govt Vice President Kenneth Rex Question offered 3,000 shares in a transaction dated Monday, March 8. The inventory was offered for a mean worth of $ 65.54, for a complete worth of $ 196,620.00. Following the closing of the sale, the Govt Vice President now straight owns 63,810 shares of the corporate, valued at $ 4,182,107.40. Disclosure of this sale might be discovered right here. Prior to now 90 days, insiders have offered 97,059 shares of the corporate valued at $ 6,618,337. 1.39% of the inventory is presently held by firm insiders.

Various institutional traders have just lately modified their positions on the inventory. Lighthouse Monetary Advisors Inc. elevated its stake in Nucor by 0.4% within the 4th quarter. Lighthouse Monetary Advisors Inc. now owns 49,630 shares of the essential supplies firm valued at $ 2,640,000 after buying 199 extra shares within the final quarter. Raymond James Belief NA elevated its stake in Nucor by 2.4% within the 4th quarter. Raymond James Belief NA now owns 9,082 shares of the essential supplies firm valued at $ 483,000 after buying a further 217 shares within the final quarter. SPC Monetary Inc. elevated its place in Nucor by 3.0% within the 4th quarter. SPC Monetary Inc. now owns 8,223 shares of the essential supplies firm valued at $ 437,000 after buying a further 240 shares within the final quarter. Beacon Funding Advisory Companies Inc. elevated its place in Nucor by 5.0% within the 4th quarter. Beacon Funding Advisory Companies Inc. now owns 5,178 shares of the essential supplies firm valued at $ 275,000 after buying a further 246 shares within the final quarter. Lastly, Status Wealth Administration Group LLC elevated its place in Nucor by 11.6% within the 4th quarter. Status Wealth Administration Group LLC now owns 2,540 shares of the essential supplies firm valued at $ 135,000 after buying a further 263 shares within the final quarter. 75.12% of the shares are held by hedge funds and different institutional traders.

NYSE: NUE open for $ 79.30 on Mondays. Nucor has a one-year minimal of $ 32.07 and a one-year most of $ 79.34. The inventory has a market cap of $ 23.64 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 1.35 and a beta of 1.33. The corporate has a fifty-day shifting common of $ 62.16 and a 200-day shifting common of $ 54.08. The corporate has a debt to fairness ratio of 0.51, a fast ratio of two.40 and a present ratio of three.78.

The corporate additionally just lately introduced a quarterly dividend, which shall be paid on Tuesday, Could 11. Shareholders of report on Wednesday March 31 will obtain a dividend of $ 0.405 per share. This represents an annualized dividend of $ 1.62 and a dividend yield of two.04%. The ex-dividend date is Tuesday March 30. Nucor’s dividend payout ratio is 37.59%.

Nucor Firm Profile

Nucor Company manufactures and sells metal and metal merchandise. It operates in three segments: steelworks, metal merchandise and uncooked supplies. The metal business produces hot-rolled, cold-rolled and galvanized sheet metal merchandise; sheet metal merchandise; broad flange beams, beam blanks and sheet pile and H sheet pile merchandise; metal bar merchandise, resembling blooms, billets, reinforcing bars and service provider bars; and particular high quality bar merchandise.

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History and revenue estimates for Nucor (NYSE: NUE)

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