Nucor Corporation (NUE) issued guidance for the third quarter of 2024. The company expects earnings per share (EPS) to range between 87 cents and 97 cents. After accounting for certain one time non-cash charges totaling approximately 43 cents per share, the adjusted EPS is projected to be between $1.30 and $1.40. This marks a notable decline compared with EPS of $2.68 in second-quarter 2024 and $4.57 in third-quarter 2023.The non-adjusted earnings guidance for third-quarter 2024 includes estimated one time ...

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending September 28, 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted share to be in the range of $1.30 to $1.40. Nucor reported net earnings of $2.68 per diluted sha ...

Monty Rakusen Nucor Corporation (NYSE:NUE) established an expansionary strategy based on new acquisitions and advancement of Nucor’s capabilities. Recently, NUE announced new capital expenditures plans, which could bring new capacity and free cash flow expectations. The recent outlook given for the year 2024 was not that beneficial, and the recent decline in the average sales price per ton sold is also not helping. However, given previous free cash flow growth trajectory and the company's ongoing stock ...

Nucor Corporation (NUE) benefits from actions to expand its production capabilities and grow its business through strategic acquisitions amid headwinds from weaker steel prices.NUE’s shares are down 19.2% year to date, compared with a 23.9% decline of its industry. The bearishness is partly due to the choppiness in the steel space as reflected by the significant retreat in U.S. steel prices due to a combination of demand slowdown and oversupply. Image Source: Zacks Investment ResearchLet’s find out why NUE ...

GCShutter Background In my 2023 article on Exxon Mobil, I discussed my issues with coal companies, specifically how metallurgical coal (met coal) companies are likely behind the curve and at risk of being disrupted by the transition away from coal and other fossil fuels: Coal companies seem content to say and do nothing [to transition to green energy], despite the even greater risks to coal as one of the dirtier and faster-declining fossil fuels … Case in point, coal companies Warrior Met Coal (HCC) and ...

CHARLOTTE, N.C., Sept. 12, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on November 8, 2024 to stockholders of record on September 27, 2024 and is Nucor's 206th consecutive quarterly cash dividend.About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products prod ...

When it comes to making steel, there's the old way and the new way. The new way is better through the cycle.Steel is a key building block of the modern world, going into everything from vehicles to buildings to household appliances. Steel demand is set to be robust, with a boom in mega projects (like data centers), each worth at least $1 billion. There have now been $1.4 trillion worth of mega projects announced since 2021, all of which will make heavy use of steel. But steel stocks are cyclical, so make su ...

In the latest trading session, Nucor (NUE) closed at $141.71, marking a -1.88% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.3%.The steel company's stock has dropped by 3.69% in the past month, falling short of the Basic Materials sector's gain of 0.19% and the S&P 500's gain of 3.64%.The upcoming earnings release of Nucor will be of great interest to investors. The c ...

Nucor Corporation’s (NUE) shares have lost 22.4% in the past six months, underperforming the Zacks Steel Producers industry’s decline of 17.2%. The bearishness is partly due to the choppiness in the steel space as reflected by the significant retreat in U.S. steel prices driven by a combination of demand slowdown and oversupply, which have led to a downward revision in NUE’s earnings estimates.Technical indicators show that NUE has been trading below the 200-day simple moving average (SMA) since May 22, 202 ...

Investors in Nucor Corporation (NUE) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2024 $65 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...