$1.69 EPS Expected for Nucor Corporation (NUE)

June 15, 2018 - By Deanna Todd

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment decreased to 0.9 in Q1 2018. Its down 0.03, from 0.93 in 2017Q4. It worsened, 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.
Trexquant Invest Lp invested in 0.23% or 53,346 shares. Commonwealth Bancorp Of stated it has 0.03% of its portfolio in Nucor Corporation (NYSE:NUE). Brown Brothers Harriman & invested in 1,038 shares or 0% of the stock. Central Commercial Bank And Com invested 0.02% of its portfolio in Nucor Corporation (NYSE:NUE). Main Street Limited Liability Company has invested 1.94% in Nucor Corporation (NYSE:NUE). Mader And Shannon Wealth Management Inc holds 60,166 shares or 4.36% of its portfolio. Aperio Gru Limited has invested 0.03% in Nucor Corporation (NYSE:NUE). 20,983 were accumulated by Reliance Tru Co Of Delaware. Clinton holds 20,263 shares or 0.13% of its portfolio. Gulf Intll State Bank (Uk) Limited has invested 0.08% of its portfolio in Nucor Corporation (NYSE:NUE). Fukoku Mutual Life Ins Com invested in 2,500 shares. Leavell Inv Mgmt has invested 0.07% in Nucor Corporation (NYSE:NUE). Mitsubishi Ufj & Banking owns 657,024 shares for 0.07% of their portfolio. Pacific Heights Asset Management Limited Liability Corp reported 107,000 shares or 0.7% of all its holdings. Kistler holds 0.02% of its portfolio in Nucor Corporation (NYSE:NUE) for 898 shares.

Since February 13, 2018, it had 0 insider buys, and 6 selling transactions for $7.08 million activity. $2.66 million worth of Nucor Corporation (NYSE:NUE) was sold by HALL LADD R on Monday, February 19. FERRIOLA JOHN J sold $917,719 worth of stock or 14,313 shares. The insider NAPOLITAN RAYMOND S JR sold 8,000 shares worth $520,880. Frias James D sold 39,037 shares worth $2.67 million.

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 $537.58 million giving it 10.14 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 increased 2.64% or $1.76 during the last trading session, reaching $68.53. About 3.85 million shares traded or 63.35% up from the average. Nucor Corporation (NYSE:NUE) has risen 9.59% since June 15, 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. As per Thursday, May 17, the company rating was upgraded by Macquarie Research. The company was maintained on Tuesday, February 6 by Morgan Stanley. The company was upgraded on Wednesday, December 20 by Longbow. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 30 report. The firm has “Buy” rating given on Wednesday, February 7 by Credit Suisse. The firm has “Hold” rating given on Thursday, January 4 by Cowen & Co. The rating was maintained by Jefferies on Tuesday, January 9 with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 17 report. The firm has “Buy” rating given on Wednesday, January 31 by Jefferies. Bank of America maintained the shares of NUE in report on Monday, January 8 with “Buy” rating.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $21.80 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.73 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: “Buffett And Dimon Play The Long Ball” on June 11, 2018, also Seekingalpha.com with their article: “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)” published on June 07, 2018, Finance.Yahoo.com published: “US Steel Corporation Is Primed for a Massive Breakout” on June 13, 2018. More interesting news about Nucor Corporation (NYSE:NUE) were released by: 247Wallst.com and their article: “If Tariffs Are So Bad Why Are Steel Stocks Still Red Hot?” published on June 12, 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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