Nucor (NYSE:NUE – Get Free Report) announced its quarterly earnings results on Monday. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.09, Briefing.com reports. Nucor had a return on equity of 15.69% and a net margin of 10.45%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the previous year, the business earned $4.57 EPS. Nucor’s revenue for the quarter was down 15.2% compared to the same quarter last year.
Nucor Trading Down 1.3 %
Shares of Nucor stock opened at $156.11 on Tuesday. The stock has a market cap of $37.43 billion, a P/E ratio of 9.18 and a beta of 1.55. The stock’s 50 day simple moving average is $147.74 and its 200-day simple moving average is $159.90. Nucor has a 1-year low of $133.42 and a 1-year high of $203.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.85.
Nucor Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, September 27th. Nucor’s payout ratio is 12.71%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Nucor
Insider Transactions at Nucor
In other news, EVP Daniel R. Needham sold 8,624 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total transaction of $1,379,840.00. Following the transaction, the executive vice president now directly owns 99,049 shares in the company, valued at $15,847,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.
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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