Nucor Corporation (NUE) EPS Estimated At $2.34

September 16, 2018 - By Jason Dias

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment increased to 1.22 in Q2 2018. Its up 0.32, from 0.9 in 2018Q1. It improved, as 36 investors sold Nucor Corporation shares while 199 reduced holdings. 72 funds opened positions while 214 raised stakes. 239.36 million shares or 1.17% less from 242.18 million shares in 2018Q1 were reported.
First Midwest Bancorp Tru Division reported 30,963 shares stake. Spc Fincl Inc invested 0.24% in Nucor Corporation (NYSE:NUE). The Maryland-based Adams Natural Resources Fund Inc has invested 0.23% in Nucor Corporation (NYSE:NUE). Evermay Wealth Management Limited Liability Company holds 0.08% of its portfolio in Nucor Corporation (NYSE:NUE) for 3,835 shares. Dnb Asset Mngmt As reported 45,398 shares. 414 are owned by Moneta Grp Incorporated Investment Lc. Nelson Roberts Inv Advisors Lc accumulated 4,068 shares or 0.07% of the stock. Robeco Institutional Asset Management Bv reported 0.05% of its portfolio in Nucor Corporation (NYSE:NUE). Eaton Vance holds 376,546 shares. Calamos Advisors Ltd Liability Co holds 0.06% of its portfolio in Nucor Corporation (NYSE:NUE) for 153,825 shares. Cullen Frost Bankers Inc reported 203,401 shares stake. Norinchukin Bank & Trust The accumulated 36,040 shares or 0.03% of the stock. Central Bank & Com holds 0.02% or 1,381 shares. 339,354 are held by Manufacturers Life Insur The. Signaturefd Ltd Liability Co stated it has 0.01% of its portfolio in Nucor Corporation (NYSE:NUE).

Since March 19, 2018, it had 0 insider purchases, and 8 insider sales for $16.95 million activity. The insider HALL LADD R sold $4.94 million. 14,607 Nucor Corporation (NYSE:NUE) shares with value of $996,928 were sold by FERRIOLA JOHN J. $3.42 million worth of Nucor Corporation (NYSE:NUE) was sold by Sumoski David A on Monday, July 23. Utermark D. Chad sold 53,483 shares worth $3.66M. Shares for $961,405 were sold by Keller Michael D on Friday, June 22. Shares for $202,411 were sold by Topalian Leon J on Thursday, June 21.

Analysts expect Nucor Corporation (NYSE:NUE) to report $2.34 EPS on October, 18.They anticipate $1.55 EPS change or 196.20 % from last quarter’s $0.79 EPS. NUE’s profit would be $740.25M giving it 6.69 P/E if the $2.34 EPS is correct. After having $2.07 EPS previously, Nucor Corporation’s analysts see 13.04 % EPS growth. The stock decreased 1.45% or $0.92 during the last trading session, reaching $62.58. About 2.48 million shares traded or 7.90% up from the average. Nucor Corporation (NYSE:NUE) has risen 18.85% since September 16, 2017 and is uptrending. It has outperformed by 3.23% the S&P500.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 5 analysts covering Nucor (NYSE:NUE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Nucor had 5 analyst reports since March 20, 2018 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets on Tuesday, July 24 to “Overweight”. Morgan Stanley maintained the shares of NUE in report on Tuesday, April 17 with “Equal-Weight” rating. The rating was upgraded by Macquarie Research to “Outperform” on Thursday, May 17.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $19.80 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 12 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 news for Nucor Corporation (NYSE:NUE) were recently published by: Streetinsider.com, which released: “Nucor (NUE) Guides Q3 EPS Ahead of Views” on September 14, 2018. Seekingalpha.com‘s article titled: “Nucor to suspend production in Carolina mills ahead of hurricane” and published on September 12, 2018 is yet another important article.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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