NUE - Nucor Corporation
| Previous Close | 58.30 |
| Open | 58.41 |
| Bid | 57.51 x 1300 |
| Ask | 58.39 x 1300 |
| Day's Range | 58.00 - 58.90 |
| 52 Week Range | 53.71 - 70.48 |
| Volume | 3,483,979 |
| Avg. Volume | 2,385,221 |
| Market Cap | 18.471B |
| Beta (3Y Monthly) | 1.66 |
| PE Ratio (TTM) | 11.19 |
| EPS (TTM) | 5.22 |
| Earnings Date | Oct 17, 2018 - Oct 22, 2018 |
| Forward Dividend & Yield | 1.52 (2.57%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 76.62 |
Market Realist•21 hours agoUS Steel Companies Still Looking to the Trump Administration
The US steel industry got a major reprieve after President Donald Trump slapped Section 232 tariffs on US steel imports. AK Steel (AKS) and Cleveland-Cliffs (CLF) praised the tariffs. But even after the tariffs, US steel companies may still be looking to the Trump administration for support.
Market Realist•21 hours agoCleveland-Cliffs Has Strong Q3 2018, Reinitiates Dividend
Cleveland-Cliffs (CLF) released its third-quarter earnings today before the markets opened. Its revenue came in at $741.8 million, which was 24.3% higher YoY (year-over-year), beating analysts’ estimate of $732 million according to the consensus compiled by Thomson Reuters. In its second-quarter results, it beat the consensus estimate.
- Motley Fool•21 hours ago
You'll Never Guess What Kept Nucor From Having Its Best Quarter Ever
How many steelmakers ever take a write-down due to...natural gas wells? Nucor just did.
Market Realist•23 hours agoAre President Trump’s Steel Tariffs Having the Desired Effect?
In March, President Donald Trump imposed a 25% tariff on US steel imports, acting on the United States Department of Commerce’s Section 232 investigation. With the tariffs, the US steel industry’s capacity utilization rate was expected to rise above 80%.
Markit•yesterdaySee what the IHS Markit Score report has to say about Nucor Corp.
Nucor Corp NYSE:NUE
Market Realist•yesterdayUS Steel Mills Take the Fight Head On as Prices Fall
Is the Sell-Off in US Steel Stocks Overdone? Steel prices are the key driver of steel companies’ earnings. Earlier this year, spot HRC (hot rolled coil) prices hit a decade high, with prices topping $900 per ton.
- Thomson Reuters StreetEvents•yesterday
Edited Transcript of NUE earnings conference call or presentation 18-Oct-18 6:00pm GMT
Q3 2018 Nucor Corp Earnings Call
Motley Fool•yesterdayNucor Corp (NUE) Q3 2018 Earnings Conference Call Transcript
NUE earnings call for the period ending September 29, 2018.
- Bloomberg•2 days ago
Nucor CEO Says Quotas May Replace Tariffs in Steel Trade Fight
U.S. levies on the other countries’ steel and aluminum imports remain in effect, as do Canadian and Mexican retaliatory tariffs. John Ferriola, chief executive officer of Nucor Corp., said during an earnings call with analysts on Thursday that quotas of some kind may replace tariffs for Canada, Mexico and other countries.
- American City Business Journals•2 days ago
More expansion on tap for Nucor: Charlotte steelmaker eyes 40% jump in capital spending next year
Charlotte-based Nucor Corp. is eyeing $1.4 billion in capital spending for 2019, which would exceed the current record of $1.2 billion set in 2013.
- Reuters•2 days ago
Nucor profit miss, steel market oversupply worries dent shares
Shares of the largest steel producer in the United States fell as much as 3.7 percent to $56.91, as a dip in steel shipments from the second quarter put investors on alert that the market may be oversupplied. Nucor posted a profit that nearly tripled in the third quarter as a strong economy and the 25-percent tariff imposed in March boosted shipments and drove prices for its steel 23 percent higher. The imposition of the tariffs on steel imports raised futures prices for U.S. hot-rolled coil steel (.HRCc1) from $660 a ton in January to $924 at the start of June, but they have since fallen back to $834.
- Reuters•2 days ago
Nucor profit miss, steel market oversupply worries dent shares
Nucor Corp posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply, undermining President Donald Trump's tariffs on imported steel, sent the company's shares lower. Shares of the largest steel producer in the United States fell as much as 3.7 percent to $56.91, as a dip in steel shipments from the second quarter put investors on alert that the market may be oversupplied. Nucor posted a profit that nearly tripled in the third quarter as a strong economy and the 25-percent tariff imposed in March boosted shipments and drove prices for its steel 23 percent higher.
Market Realist•2 days agoAre Deteriorating Global Macros to Blame for US Steel’s Mess?
Is the Sell-Off in US Steel Stocks Overdone? As we’ve already seen in this series, there’s been a sell-off in US steel stocks, including Nucor (NUE), U.S. Steel Corporation (X), and AK Steel (AKS). In the previous part, we looked at some of the domestic factors that could be making investors bearish on US steel stocks (XME).
Market Realist•2 days agoWhat’s Really Driving the Slump in US Steel Stocks?
US steel stocks are having a terrible month, which has added to their woes. U.S. Steel Corporation (X) and AK Steel (AKS) have fallen 7.5% and 1.8%, respectively, this month. Nucor (NUE) has shed 6.9% of its market capitalization this month. Let’s look now at the various factors that are driving the recent slump in steel stocks.
- Zacks•2 days ago
Nucor's (NUE) Q3 Earnings Miss, Revenues Surpass Estimates
Nucor's (NUE) steel mills unit performed impressively in Q3 but earnings missed expectations. It expects Q4 earnings to decrease across all three operating segments sequentially.
- American City Business Journals•2 days ago
Nucor posts strong quarter despite impairment charge
Nucor Corp. CEO John Ferriola says strong earnings in the third quarter keep the company on track for a record year.
Market Realist•2 days agoIs the Sell-Off in US Steel Stocks Overdone?
US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight” to “equal weight.” Several other brokerages have also taken a bearish view of US steel stocks.
- Zacks•2 days ago
Nucor (NUE) Q3 Earnings Miss Estimates
Nucor (NUE) delivered earnings and revenue surprises of -0.85% and 3.43%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Reuters•2 days agoNucor profits nearly triples as steel tariffs kick in
Nucor steel mill's shipments increased 7 percent in the quarter, while sales to external customers rose 6 percent from a year earlier. Net sales rose to $6.74 billion from $5.2 billion, beating estimates of $6.63 billion.
- Associated Press•2 days ago
Nucor: 3Q Earnings Snapshot
The Charlotte, North Carolina-based company said it had profit of $2.13 per share. Earnings, adjusted for one-time gains and costs, were $2.33 per share. The results missed Wall Street expectations. The ...
Market Realist•2 days agoWhat Could Help Cleveland-Cliffs Reduce Its Valuation Gap?
In this part of our series, we’ll look at Cleveland-Cliffs’s (CLF) valuation and compare it to those of its US steel peers. We’ll also look at its forward EV-to-EBITDA (enterprise value-to-EBITDA) multiples.
- PR Newswire•2 days ago
Nucor Reports Results for the Third Quarter and First Nine Months of 2018
CHARLOTTE, N.C. , Oct. 18, 2018 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced third quarter of 2018 consolidated net earnings of $676.7 million , or $2.13 per diluted share. Included in ...
- Benzinga•3 days ago
Q3 Earnings Outlook For Nucor Corporation
Nucor Corporation (NYSE: NUE ) announces its next round of earnings this Thursday, Oct. 18. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Based ...
- Zacks•3 days ago
AK Steel (AKS) Receives New $1.2-Million Award From DOE
The latest project enables AK Steel (AKS) to explore new low-density steels that can be used in automotive structural applications.
Market Realist•3 days agoCleveland-Cliffs: What’s Driving Wall Street Earnings Estimates?
Analysts’ EBITDA estimates reflect their expectations for a company’s future profitability. Analysts usually derive these estimates from revenue projections, margin assumptions, or cost projections.
