Nucor (NYSE:NUE) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Nucor (NYSE:NUE) released its earnings results on Monday. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38, FiscalAI reports. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.Nucor’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 earnings per share.

Nucor Price Performance

NUE stock opened at $247.35 on Tuesday. The company’s 50-day moving average price is $240.33 and its two-hundred day moving average price is $204.98. The firm has a market cap of $56.33 billion, a P/E ratio of 24.49, a P/E/G ratio of 0.57 and a beta of 1.91. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. Nucor has a 12 month low of $131.32 and a 12 month high of $270.90.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio is presently 22.18%.

Insider Activity at Nucor

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the sale, the executive vice president owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradley Ford sold 2,240 shares of Nucor stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total value of $519,971.20. Following the completion of the transaction, the executive vice president owned 43,649 shares in the company, valued at approximately $10,132,242.37. This represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,378 shares of company stock worth $18,963,930 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nucor

A number of institutional investors and hedge funds have recently bought and sold shares of NUE. Sivia Capital Partners LLC bought a new position in shares of Nucor during the second quarter valued at $390,000. Wexford Capital LP acquired a new position in shares of Nucor during the third quarter worth $273,000. VARCOV Co. bought a new stake in shares of Nucor in the fourth quarter worth $257,000. Palisade Capital Management LP bought a new stake in shares of Nucor in the fourth quarter worth $247,000. Finally, PFG Advisors increased its holdings in Nucor by 8.2% in the third quarter. PFG Advisors now owns 1,707 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NUE. KeyCorp raised shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price for the company in a research note on Wednesday, June 24th. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and upped their price target for the stock from $190.00 to $224.00 in a research report on Tuesday, April 28th. Seaport Research Partners increased their price target on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, CICC Research initiated coverage on shares of Nucor in a research note on Monday, May 25th. They set an “outperform” rating on the stock. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.31.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Nucor reported adjusted EPS of $4.84, above the $4.46–$4.57 analyst estimates, while revenue of $10.40 billion topped expectations of approximately $10.15–$10.31 billion. Adjusted EPS nearly doubled from $2.60 a year ago, and revenue increased 23%. Reuters: Nucor beats quarterly results on strong pricing and demand
• Positive Sentiment: Steel mill performance and the outlook improved. Management attributed the quarterly earnings increase to higher average selling prices and stronger steel mill volumes, and expects higher consolidated reported earnings in the third quarter as steel demand improves. Reports also highlighted record steel mill shipments and gains in the raw materials and steel products segments. Nucor Q2 earnings surge as steel mill shipments hit record
• Positive Sentiment: Shareholder returns remain supportive. Nucor affirmed its regular cash dividend and returned approximately $479 million to investors through dividends and share repurchases during the quarter, including the repurchase of about 1.53 million shares. Nucor could be undervalued on Q2 results and dividend affirmation
• Neutral Sentiment: Analyst estimates edged higher, but the rating remains Hold. Zacks Research raised its Q2 2027 EPS forecast to $5.81 from $5.80 and its Q2 2028 forecast to $5.84 from $5.83, while maintaining a Hold rating. Nucor’s consensus full-year EPS estimate is $17.53. Zacks: Nucor tops Q2 earnings and revenue estimates

Nucor Company Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.