Nucor (NYSE:NUE – Get Free Report) released its quarterly earnings results on Monday. The basic materials company reported $2.68 earnings per share 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%. Nucor’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.81 EPS. Nucor updated its Q3 guidance to below $2.68 EPS.
Nucor Price Performance
Nucor stock traded up $2.64 during mid-day trading on Thursday, hitting $157.43. The company’s stock had a trading volume of 159,260 shares, compared to its average volume of 1,468,981. The stock has a market capitalization of $37.75 billion, a P/E ratio of 9.29 and a beta of 1.57. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average price is $161.02 and its two-hundred day moving average price is $175.79. Nucor has a twelve month low of $140.07 and a twelve month high of $203.00.
Nucor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.37%. Nucor’s payout ratio is currently 12.71%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on NUE
About Nucor
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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