$1.69 EPS Expected for Nucor Corporation (NUE) as of July, 19

June 29, 2018 - By Don Salinas

Nucor Corporation (NYSE:NUE) Corporate Logo
Big Money Sentiment decreased to 0.9 in 2018 Q1. It has change of 0.03, from 2017Q4’s 0.93. The ratio fall due to Nucor Corporation positioning: 57 sold and 229 reduced. 85 funds amassed positions and 172 increased positions. Investors holded 244.43 million in 2017Q4 but now own 242.18 million shares or 0.92% less.
Whittier Trust Of Nevada has 200 shs for 0% of their capital. Anchor Bolt L P holds 569,535 shs or 1.41% of its capital. Cleararc Cap has 8,132 shs for 0.07% of their capital. Moreover, State Farm Mutual Automobile Insur has 2.51% invested in Nucor Corporation (NYSE:NUE) for 30.45M shs. Berkshire Asset Mngmt Limited Liability Corporation Pa owns 267,451 shs for 1.59% of their capital. Federated Invsts Pa holds 167,694 shs. Advantus Cap Inc invested in 31,827 shs. Tower Capital Lc (Trc) invested in 400 shs or 0% of the stock. Patten Gru stated it has 0.04% of its capital in Nucor Corporation (NYSE:NUE). Davenport And Company Ltd Liability Corporation holds 17,372 shs or 0% of its capital. 172,375 were reported by Toronto Dominion National Bank. Security Commercial Bank Of So Dak owns 15,807 shs. Nikko Asset Management Americas owns 260,488 shs or 0.57% of their US capital. Envestnet Asset Mgmt Inc reported 73,921 shs or 0.01% of all its holdings. Dorsey Whitney Trust Communications Ltd Llc holds 3,947 shs or 0.04% of its capital.

Nucor Corporation registered $8.25 million net activity with 0 buys and 8 insider sales since February 13, 2018. On Thursday, June 21 $202,411 worth of stock was sold by Topalian Leon J. Frias James D sold $2.67 million worth of Nucor Corporation (NYSE:NUE) on Monday, February 19. On Friday, June 22 Keller Michael D had sold 14,664 shs worth $961,405. Another trade for 39,037 shs valued at $2.66 million was sold by HALL LADD R. NAPOLITAN RAYMOND S JR also sold $520,880 worth of Nucor Corporation (NYSE:NUE) on Monday, March 19. FERRIOLA JOHN J also sold $917,719 worth of Nucor Corporation (NYSE:NUE) shs.

Nucor Corporation (NYSE:NUE)’s earnings report is awaited on July, 19., according to Zacks. Analysts forecast 69.00 % diference or $1.69 from the $1 EPS from 2017. In case of $1.69 EPS NUE’s profit could be $537.59 million. Wall Street now forecasts 44.44 % EPS growth despite Nucor Corporation previous quarter’s EPS of $1.17. NUE is touching $62.9301 during the last trading session, after increased 0.37%.Currently Nucor Corporation is uptrending after 9.59% change in last June 29, 2017. NUE has 562,865 shares volume. NUE underperformed the S&P 500 by 2.98%.

Nucor Corporation (NYSE:NUE) Ratings Coverage

In total 9 analysts cover Nucor Corp (NYSE:NUE). “Buy” rating has 5, “Sell” are 0, while 4 are “Hold”. (NYSE:NUE) has 56% bullish analysts. 12 are the (NYSE:NUE)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Wednesday, February 7 Credit Suisse upgraded Nucor Corporation (NYSE:NUE) rating. Credit Suisse has “Buy” rating and $77.0 target. On Tuesday, January 9 the rating was maintained by Jefferies with “Buy”. The stock rating was maintained by BMO Capital Markets with “Hold” on Tuesday, January 30. On Tuesday, February 6 the firm earned “Equal-Weight” rating by Morgan Stanley. In Wednesday, January 31 report Credit Suisse maintained the stock with “Buy” rating. On Wednesday, January 31 the firm has “Buy” rating given by Jefferies. On Monday, January 8 the stock has “Buy” rating by Bank of America. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17. On Thursday, May 17 the stock of Nucor Corporation (NYSE:NUE) has “Outperform” rating given by Macquarie Research. On Thursday, January 4 Cowen & Co maintained Nucor Corporation (NYSE:NUE) with “Hold” rating.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally.The firm is valued at $20.02 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials.The P/E ratio is 15.38. 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.

Another two news for Nucor Corporation (NYSE:NUE) were briefly posted by: Schaeffersresearch.com on June 27, 2018 with title “2 Steel Stocks Boasting Attractive Options”. The other Fool.com‘s article was titled “Is United States Steel Corporation a Buy?” and posted on June 27, 2018.

Nucor Corporation (NYSE:NUE) Institutional Investors Chart

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