Nucor (NYSE:NUE – Get Free Report) issued its quarterly earnings results on Monday. The basic materials company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.31 by $0.37, Briefing.com reports. Nucor had a net margin of 10.45% and a return on equity of 15.68%. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the previous year, the firm earned $5.81 EPS. The firm’s revenue was down 15.2% compared to the same quarter last year. Nucor updated its Q3 guidance to below $2.68 EPS.
Nucor Price Performance
NYSE:NUE opened at $154.82 on Thursday. Nucor has a 52 week low of $140.07 and a 52 week high of $203.00. The stock’s fifty day moving average is $161.02 and its two-hundred day moving average is $175.79. The company has a market capitalization of $37.12 billion, a P/E ratio of 9.11 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.
Nucor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 1.40%. Nucor’s payout ratio is 12.71%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report 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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