Nucor (NYSE:NUE – Get Free Report) posted its 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 net margin of 10.45% and a return on equity of 15.69%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the firm posted $4.57 EPS. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis.
Nucor Trading Down 3.0 %
Shares of NYSE NUE traded down $4.36 during midday trading on Wednesday, hitting $141.66. The stock had a trading volume of 2,783,447 shares, compared to its average volume of 1,496,199. The company has a quick ratio of 1.85, a current ratio of 2.93 and a debt-to-equity ratio of 0.26. Nucor has a 1-year low of $133.42 and a 1-year high of $203.00. The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 8.33 and a beta of 1.55. The company has a fifty day moving average price of $147.81 and a 200 day moving average price of $159.39.
Nucor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.52%. Nucor’s dividend payout ratio is presently 12.71%.
Analyst Ratings Changes
Get Our Latest Research Report on Nucor
Insider Buying and Selling
In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of Nucor stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 of the company’s stock, valued at $15,847,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
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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