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MarketScreener Homepage  >  Equities  >  Nyse  >  Nucor    NUE

NUCOR

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Nucor : Sees 2Q Steel Mills Segment Performance Falling; Guides for 2Q EPS $1.20-$1.25

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06/17/2019 | 10:57am EDT

By Michael Dabaie

Nucor Corp. (NUE) on Monday guided for second-quarter earnings per share of $1.20 to $1.25, down compared with the first quarter's $1.63 and a decrease relative to the second quarter of 2018's $2.13.

The performance of the steel mills segment in the second quarter is expected to decrease compared with the first quarter as service center destocking is hurting order rates, the company said. Analysts polled by FactSet are looking for second-quarter earnings of $1.44 a share.

Shares of the steel and steel products maker were down 0.9% to $51.25 Monday morning.

"Increased domestic supply and a declining scrap price environment have led to aggressive inventory management by our customers. We still see stability in most of the end use markets that we serve, with some softening in automotive," Nucor said Monday.

The performance of the raw materials segment is expected to decrease in the second quarter from the first quarter due to further margin compression in the company's direct reduced iron businesses. Its DRI facility in Trinidad began a planned 25-day outage in June, Nucor said.

The company said it expects steel products profitability to improve compared with the first quarter.

Write to Michael Dabaie at michael.dabaie@wsj.com

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Financials (USD)
Sales 2019 23 392 M
EBIT 2019 2 192 M
Net income 2019 1 522 M
Debt 2019 2 940 M
Yield 2019 2,83%
P/E ratio 2019 11,4x
P/E ratio 2020 12,5x
EV / Sales2019 0,86x
EV / Sales2020 0,86x
Capitalization 17 192 M
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Technical analysis trends NUCOR
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 59,71  $
Last Close Price 56,71  $
Spread / Highest target 39,3%
Spread / Average Target 5,30%
Spread / Lowest Target -18,9%
EPS Revisions
Managers
NameTitle
John J. Ferriola Chairman, President & Chief Executive Officer
James D. Frias Chief Financial Officer, Treasurer & Executive VP
Victoria Franchetti Haynes Independent Director
John H. Walker Lead Independent Director
Christopher J. Kearney Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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NIPPON STEEL CORP-3.81%15 227
NOVOLIPETSK STEEL PAO7.60%14 755
NOVOLIPETSK STEEL PAO--.--%14 755