Nucor Corporation (NYSE:NUE) Given Price Target Of $55.833


As per Nucor Corporation (NYSE:NUE)’s news release on 2016-06-06, its shareholders will get cash dividend of $0.375 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-30 and 2016-08-11, respectively.

The stock will commence trading ex-dividend from 2016-06-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Nucor Corporation (NYSE:NUE) disbursed $0.375 in dividend compared to distribution of $0.375, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0.6745%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Nucor Corporation (NYSE:NUE) to attain a price target of $55.833. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $60. The low price range is set at $44 for next year while the arithmetic mean is seen at 2.27.

Eyeing Earnings Nucor Corporation (NYSE:NUE) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.1 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Nucor Corporation (NYSE:NUE) earnings came at $0.73 suggesting a deviation of $0.03. The brokerages targeted EPS of $0.7 for the quarter.

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