Seeking Alpha

Seeking Alpha Portfolio App for iPad

3,189 people get NUE articles and Market Currents by email alert.

Get email alerts on NUE »

NUE

Nucor Corporation

6/18/2013, 5:41 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 9:15 AM Nucor (NUE) issues downside guidance for Q2, seeing EPS of $0.25-$0.30 vs. $0.39 analyst consensus, citing weaker performance in sheet and structural steel vs. Q1. Fabricated construction products businesses are projected to return to profitability after the typical seasonal slowdown in Q1. NUE -1.6% premarket. Comment! [Commodities, On the Move]
Tuesday, June 11, 11:36 AM UBS suggests 11 dividend growing stocks to buy for income; each has a dividend yield of at least 2.5%, has increased its payout ratio by more than 5% during the past year, and has positive consensus EPS growth over the next 12 months: WMB, ESV, NUE, JNJ, CAG, KLAC, CSCO, BBT, AAPL, BAX, F. 2 Comments [Quick Ideas]
Thursday, June 6, 9:36 AM Nucor Corporation (NUE) declares $0.3675/share quarterly dividend, in line with previous. Forward yield 3.32% For shareholders of record June 28.Payable Aug. 09. Ex-div date June 26. (PR) Comment! [Dividends]
Thursday, May 23, 5:55 PM Serious overcapacity in China's steel industry is unlikely to ease in 2013, which could continue to hamper steel prices (SLX), analysts say at Platts Steel Market Europe conference. China is set to produce ~750M metric tons of crude steel in 2013 while capacity will rise to 950M, putting heavy pressure on steel prices in Europe and in the world steel industry as a whole. 7 Comments [Commodities, Global & FX]
Tuesday, May 21, 11:59 AM Risks surrounding the Chinese-fueled commodity supercycle leave higher, fixed-cost specialty metals and miners vulnerable, so in preparing a list of stocks to buy, BAML seeks companies able to control more of their destiny beyond waiting for improving market conditions. BAML says a rebound in global growth over 12-18 months could spark these favorites: NUE, KALU, SXCP, TMS, RS, ATI, RTI, CNX. Comment! [Commodities, Quick Ideas]
Friday, April 26, 4:39 PM Steel prices have slumped sharply this month, prompting steelmakers (SLX) such as Nucor (NUE), ArcelorMittal (MT) and ThyssenKrupp to send out letters last week notifying customers that they would no longer offer discounts on index prices, WSJ reports. The effort to halt rampant undercutting faces challenges from other steelmakers that continue to offer discounts and special deals. Comment! [Commodities]
Thursday, April 18, 9:15 AM Nucor (NUE): Q1 EPS of $0.26 in-line. Revenue of $4.55B misses by $0.06B. (PR) Comment! [Earnings, Breaking News]
Thursday, April 18, 12:05 AM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Wednesday, April 17, 5:30 PM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Tuesday, March 19, 6:05 PM Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are well below expectations, as the German steel maker enters the final stretch of a long sales process. A deal could be announced as early as April, but likely will trigger a further writedown of ~$1.3B because the bids are far below the current $5B book value of the plants. 4 Comments [Commodities, Global & FX]
Thursday, March 14, 9:11 AM Nucor (NUE) issues downside guidance for Q1, seeing EPS of $0.20-$0.25 vs. $0.37 analyst consensus estimate, $0.43 in Q4 2012 and $0.46 in the year-ago quarter. NUE says it remains "cautiously optimistic about non-residential construction markets in 2013 as they continue to improve slowly from historically low levels." Shares -1.1% premarket. 1 Comment [Commodities]
Friday, February 15, 3:54 PM Nucor Corporation (NUE) declares $0.3675/share quarterly dividend, in line with previous. Forward yield 3.06%. For shareholders of record Mar. 28. Payable May 10. Ex-div date Mar. 26. (PR) Comment! [Dividends]
Tuesday, February 12, 6:08 PM Citigroup is out with another report anticipating U.S. energy independence by 2020, a time when "the bottom of today’s trading range ($90-$120/bbl) is going to be the top of the likely trading range" for crude oil. Among companies Citi mentions as big players and potential beneficiaries: CMI, NUE, ECA, CAT, DE, GE, MMM and SI. 2 Comments [Energy, Quick Ideas]
Friday, February 1, 5:33 PM Nucor's (NUE) Louisiana plant shows how the abundance of natural gas has made some manufacturing processes, recently seen as uneconomical, feasible. When complete, the plant will process 2.5M tons/year of direct-reduced iron pellets; at current gas prices, DRI can generate iron pellets at $260-$280/ton, while scrap steel trades at ~$390/ton. U.S. Steel (X) also says it is studying options for building a DRI plant. 3 Comments [Energy, Commodities]
Thursday, January 31, 4:42 PM A U.S. government decision to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas would violate global trade rules and damage U.S. credibility after years of challenging exports curbs by China and others, experts warn. Price concerns raised by industrial users such as Dow (DOW) and Nucor (NUE) are "contrary to what the U.S. has been arguing against other countries." 20 Comments [Commodities, Energy, Global & FX]
Tuesday, January 29, 4:32 PM ArcelorMittal (MT) and Nippon Steel (NSSMY.PK), the world's two biggest steel makers, reportedly team up to bid ~$1.5B for ThyssenKrupp's (TYEKF.PK) Alabama plant. The two companies are jointly bidding to split the costs and give the Japanese firm access to MT's existing rolling steel slabs in Latin America. Nucor (NUE) also is said to be interested in the site. Comment! [Commodities, Global & FX]