EPS for Nucor Corporation (NUE) Expected At $1.69

June 18, 2018 - By Migdalia James

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment decreased to 0.9 in Q1 2018. Its down 0.03, from 0.93 in 2017Q4. It turned negative, as 57 investors sold Nucor Corporation shares while 229 reduced holdings. 85 funds opened positions while 172 raised stakes. 242.18 million shares or 0.92% less from 244.43 million shares in 2017Q4 were reported.
Bank & Trust Of The Ozarks holds 0.62% or 25,743 shares. Capital Interest Ca reported 1,800 shares. Exane Derivatives has 1,458 shares. Tower Rech Ltd (Trc) accumulated 400 shares. Hanson Mcclain holds 426 shares or 0% of its portfolio. North Point Managers Oh invested in 0.04% or 4,260 shares. State Of Tennessee Treasury Department accumulated 139,504 shares or 0.04% of the stock. Quantres Asset Management Limited holds 9,000 shares or 0.33% of its portfolio. Schwab Charles Inv Mngmt has 1.27M shares. Citigroup holds 0.01% in Nucor Corporation (NYSE:NUE) or 185,807 shares. Quantitative Systematic Strategies Ltd Liability invested 0.07% of its portfolio in Nucor Corporation (NYSE:NUE). Shell Asset Mngmt Co invested 0.02% of its portfolio in Nucor Corporation (NYSE:NUE). Innovations Ltd Liability Company owns 3,430 shares. Texas Permanent School Fund owns 0.07% invested in Nucor Corporation (NYSE:NUE) for 82,143 shares. Whittier Tru Co Of Nevada Incorporated reported 200 shares or 0% of all its holdings.

Since February 13, 2018, it had 0 insider purchases, and 6 selling transactions for $7.08 million activity. $2.67M worth of Nucor Corporation (NYSE:NUE) shares were sold by Frias James D. On Monday, February 19 HALL LADD R sold $2.66 million worth of Nucor Corporation (NYSE:NUE) or 39,037 shares. FERRIOLA JOHN J also sold $917,719 worth of Nucor Corporation (NYSE:NUE) on Tuesday, February 13. Shares for $520,880 were sold by NAPOLITAN RAYMOND S JR.

Analysts expect Nucor Corporation (NYSE:NUE) to report $1.69 EPS on July, 19.They anticipate $0.69 EPS change or 69.00 % from last quarter’s $1 EPS. NUE’s profit would be $537.59 million giving it 9.89 P/E if the $1.69 EPS is correct. After having $1.17 EPS previously, Nucor Corporation’s analysts see 44.44 % EPS growth. The stock decreased 2.45% or $1.68 during the last trading session, reaching $66.85. About 3.89 million shares traded or 61.84% up from the average. Nucor Corporation (NYSE:NUE) has risen 9.59% since June 18, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 10 analysts covering Nucor (NYSE:NUE), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Nucor had 13 analyst reports since December 20, 2017 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Buy” on Wednesday, February 7. The stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Jefferies on Tuesday, January 9. The firm earned “Hold” rating on Thursday, January 4 by Cowen & Co. On Tuesday, January 30 the stock rating was maintained by BMO Capital Markets with “Hold”. Credit Suisse maintained the shares of NUE in report on Wednesday, January 31 with “Buy” rating. The stock of Nucor Corporation (NYSE:NUE) has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley. Jefferies maintained the shares of NUE in report on Wednesday, January 31 with “Buy” rating. The rating was maintained by Bank of America on Monday, January 8 with “Buy”. The firm earned “Buy” rating on Wednesday, December 20 by Longbow. Morgan Stanley maintained Nucor Corporation (NYSE:NUE) rating on Tuesday, February 6. Morgan Stanley has “Equal-Weight” rating and $68 target.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $21.27 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.34 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

More notable recent Nucor Corporation (NYSE:NUE) news were published by: Seekingalpha.com which released: “Steel Dynamics +3% after issuing above-consensus Q2 earnings view” on June 15, 2018, also Seekingalpha.com with their article: “Steel firms favored by Trump tumble after latest tariff moves” published on June 15, 2018, Seekingalpha.com published: “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)” on June 07, 2018. More interesting news about Nucor Corporation (NYSE:NUE) were released by: Seekingalpha.com and their article: “Buffett And Dimon Play The Long Ball” published on June 11, 2018 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Wednesday Morning” with publication date: June 12, 2018.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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