Nucor Corporation Common Stock (NYSE:NUE):
Nucor Reports Results for Third Quarter and Nine Months of 2016.
In the market the company is trading up since yesterday’s close of $46.74.
Nucor Corporation Common Stock recently announced a dividend payable on Thursday November 10th, 2016. The dividend will be $0.375 per share for the quarter or $1.50 annualized. This dividend represents a yield of $3.19. The ex-dividend date will be Wednesday September 28th, 2016.
Company shares last traded at $47.61 a tad higher than $47.51, the 50 day moving average and marginally under the 200 day moving average of $49.62. The 50 day moving average was up $0.10 or +0.22% whereas the 200 day moving average was down $-2.01 or -4.05%.
The company currently has a P/E ratio of 29.79 and market cap is 15.22B. As of the latest earnings report the EPS was $1.60 and is estimated to be $2.34 for the current year with 319,736,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.74 and the next full year EPS is anticipated to be $2.98.
Investment analysts have issued ratings on NUE recently. October 3 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” and lowered the price expectation to $55.00 from $60.00. On July 25 the company was rated “Hold” by Berenberg a cut from the previous “Hold” rating.
On July 22, 2016 the stock rating was changed to a “Hold” according to a Berenberg report which is down from the previous “” rating. On July 20 the company was downgraded to “Neutral” from “” in an announcement from Bank of America.
On July 13 Barclays made no change to the company rating of “Overweight” and raised the price target from $50.00 to $55.00. Equity analyst Deutsche Bank upgraded the stock and raised the price target on July 6 changing the price objective from $50.00 to $60.00 and altering the rating from “Hold” to “Buy”.