Nucor (NYSE:NUE – Get Free Report) announced its earnings results on Monday. The basic materials company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.37, Briefing.com reports. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.69 billion. Nucor had a return on equity of 15.68% and a net margin of 10.45%. The company’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.81 EPS. Nucor updated its Q3 guidance to below $2.68 EPS.
Nucor Trading Up 1.7 %
NYSE NUE traded up $2.64 during trading hours on Thursday, reaching $157.43. The company had a trading volume of 159,260 shares, compared to its average volume of 1,468,981. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $37.75 billion, a P/E ratio of 9.29 and a beta of 1.57. The stock has a 50-day moving average of $161.02 and a 200 day moving average of $175.79. Nucor has a 1-year low of $140.07 and a 1-year high of $203.00.
Nucor Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 1.37%. Nucor’s dividend payout ratio (DPR) is 12.71%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on NUE
Nucor Company Profile
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.
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