Zacks Research Has Optimistic Outlook of Nucor Q2 Earnings

Posted by Brian Himes on Jul 2nd, 2026

Nucor Corporation (NYSE:NUE – Free Report) – Research analysts at Zacks Research boosted their Q2 2028 earnings per share (EPS) estimates for Nucor in a research report issued to clients and investors on Wednesday, June 24th. Zacks Research analyst Team now anticipates that the basic materials company will earn $5.83 per share for the quarter, up from their prior forecast of $5.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $17.47 per share.

A number of other research analysts have also weighed in on NUE. Wells Fargo & Company decreased their price objective on Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a report on Thursday, June 18th. JPMorgan Chase & Co. upped their target price on shares of Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Seaport Research Partners increased their target price on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup raised their price target on shares of Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane boosted their price target on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.92.

Check Out Our Latest Report on Nucor

Nucor Stock Down 1.9%

Shares of NUE opened at $218.62 on Thursday. The stock has a 50 day moving average price of $237.46 and a 200 day moving average price of $196.33. Nucor has a one year low of $131.32 and a one year high of $270.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.51 and a beta of 1.91.

Nucor (NYSE:NUE – Get Free Report) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.41. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share.

Institutional Trading of Nucor

Several hedge funds have recently made changes to their positions in the company. Strive Financial Group LLC acquired a new stake in shares of Nucor during the 4th quarter worth approximately $27,000. Stance Capital LLC acquired a new position in Nucor in the third quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC lifted its holdings in Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 63 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Nucor in the fourth quarter worth approximately $32,000. Finally, Motiv8 Investments LLC acquired a new stake in Nucor during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John J. Hollatz sold 10,560 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the transaction, the executive vice president owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the sale, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This represents a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is currently owned by company insiders.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio is presently 22.18%.

About Nucor

(Get Free Report)

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.