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Nucor is one of the largest steel producers in the United States, with a market capitalization of over $20 billion.
Their stock quote is listed on the New York Stock Exchange under the ticker symbol NUE. Nucor's revenue has consistently grown over the years, reaching $24.8 billion in 2020.
The company's diversified product portfolio includes steel, steel products, and raw materials, making it a significant player in the industry.
Financial Analysis
Nucor's financial performance has seen a decline in recent years. Revenue decreased by -16.38% in 2023 to $34.71 billion, while earnings dropped by -40.50% to $4.51 billion.
The company's dividend yield is expected to remain relatively stable, with an estimated 1.81% in 2025 and 1.83% in 2026. Nucor's P/E ratio is also expected to decrease, from 15.73 in 2025 to 11.03 in 2026.
Here are the estimated earnings and revenue for the next two quarters, based on analyst predictions:
As of the current quarter, 10 analysts have predicted an average earnings estimate of $1.118 USD, while 7 analysts have predicted an average revenue estimate of $7,128 USD.
Analyst Forecast
According to 8 analysts, the average rating for NUE stock is "Buy." This is a positive sentiment, indicating that most analysts believe the stock has growth potential.
The 12-month stock price forecast is $163.63, which represents a 31.08% increase from the latest price. This suggests that analysts expect a significant rise in the stock's value over the next year.
Here's a breakdown of the analysts' forecasts:
Note that not all analysts have the same rating or price forecast, which is normal in the world of finance. However, the overall sentiment is positive, with most analysts recommending a "Buy" rating.
Dividend Calendar
The Dividend Calendar is a crucial tool for investors to track Nucor's dividend payments over the years. It provides a clear picture of the company's commitment to rewarding its shareholders.
Nucor's highest dividend payment was in 2007, when it paid out $2.44 per share. This is a significant amount, especially considering the company's early years when it paid out just $0.13 per share in 1999.
The dividend yield, which is the ratio of the annual dividend payment to the stock's current price, has varied over the years. In 2008, the dividend yield was as high as 4.13%, while in 2023, it was 1.19%.
Here's a breakdown of Nucor's dividend payments from 2004 to 2023:
As you can see, Nucor's dividend payments have increased over the years, with some fluctuations. This demonstrates the company's commitment to rewarding its shareholders and providing a steady stream of income.
Industry and Market
Nucor is a leading steel and steel products manufacturer in North America. The company operates a diverse portfolio of steel and steel products businesses, including steel mills, steel finishing facilities, and raw materials recycling facilities.
Nucor's steel products are used in a wide range of applications, including construction, automotive, energy, and consumer goods. The company's products are sold to customers in the United States and internationally.
Steel Climate Council Targets
Nucor's Emissions Targets were certified by the Global Steel Climate Council (GSCC).
The GSCC certified Nucor's Science-Based Emissions Targets (SBET), which is a significant achievement in the steel industry.
Nucor Corporation is a leading steel manufacturer, and this certification is a testament to their commitment to reducing emissions.
The certification was announced on January 16, 2025, and it's a major step forward in the company's efforts to mitigate climate change.
Nucor's certification is a result of their rigorous efforts to reduce their carbon footprint and meet the GSCC's stringent standards.
The company's commitment to sustainability is a positive development for the steel industry as a whole.
US Steel Stock Jumps on Joint Bid Rumors
US Steel shares jumped on Monday after a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company.
Cleveland-Cliffs is partnering with Nucor to prepare a potential bid for U.S. Steel, according to CNBC.
The potential bid is reportedly a joint effort between Cleveland-Cliffs and Nucor, with both companies working together to make an offer.
Cleveland-Cliffs and Nucor are peer companies, meaning they operate in the same industry and have similar business models.
This news sent shockwaves through the market, causing US Steel's stock to jump in response to the potential bid.
The bid is still in the planning stages, and it's unclear if it will ultimately come to fruition.
Frequently Asked Questions
Is Nucor a buy sell or hold?
Nucor has a strong buy rating from 13 brokerage firms, with an average recommendation of 1.81 on a 1-5 scale. This suggests a high level of confidence in the company's stock performance, but it's always a good idea to do your own research before making an investment decision.
Who is the largest shareholder of Nucor?
According to our records, Vanguard is the largest shareholder of Nucor Corp. They hold the majority of the company's outstanding shares.
What is the future price of Nucor stock?
According to 8 analysts, the average predicted future price of Nucor stock is $173.75, with estimates ranging from $156 to $200. Check the latest forecasts for the most up-to-date information.
What is the symbol for Nucor steel?
The ticker symbol for Nucor steel is NUE. This symbol is listed on the New York Stock Exchange.
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