News headlines about Nucor (NYSE:NUE) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nucor earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.4701156661943 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
Nucor opened at $63.34 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 2.49. Nucor has a 1-year low of $51.67 and a 1-year high of $70.48. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56.
Nucor (NYSE:NUE) last released its quarterly earnings data on Thursday, April 19th. The basic materials company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.07. Nucor had a net margin of 6.33% and a return on equity of 12.94%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. equities research analysts anticipate that Nucor will post 6.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.52 annualized dividend and a yield of 2.40%. Nucor’s payout ratio is 43.30%.
NUE has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Nucor in a research note on Tuesday, April 17th. They set a “neutral” rating and a $65.00 target price on the stock. Zacks Investment Research lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Morgan Stanley increased their target price on shares of Nucor from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 17th. Macquarie raised shares of Nucor from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Thursday, May 17th. Finally, Goldman Sachs Group initiated coverage on shares of Nucor in a research note on Tuesday, March 20th. They set a “buy” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Nucor currently has a consensus rating of “Hold” and a consensus target price of $70.73.
In other news, insider Leon J. Topalian sold 3,115 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $64.98, for a total value of $202,412.70. Following the completion of the sale, the insider now owns 43,370 shares in the company, valued at $2,818,182.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Victoria F. Haynes sold 1,800 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $60.91, for a total transaction of $109,638.00. Following the completion of the sale, the director now owns 28,773 shares of the company’s stock, valued at approximately $1,752,563.43. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. 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; hollow structural section steel tubing, steel electrical conduit, plate steel, and structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.
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