Nucor Corporation(NUE) recently shared its
fourth quarter and full year 2024 earnings, with results surpassing estimates but were lower compared to the previous year. The financials remained strong despite industrial slowdown and market challenges, presenting an EPS of $1.22 and revenue of $7.08 billion. Although the steelmaker's share prices saw a decline of 33% YTD,
Jim Cramer advised investors against selling the stock, even praising Nucor as 'the gold standard' of the industry. The future outlook remains positive with potential green shoots in demand and potential tariffs. Meanwhile, Nucor CEO, Leon Topalian, mentioned that the corporation might pursue parts of US Steel, if their merger deal collapses.
JPMorgan Chase & Co. and
Jefferies adjusted Nucor's price target while
UBS kept a 'Neutral' rating on the stock. Further, Nucor announced a dividend growth for the 52nd consecutive year and has expanded its national footprint. Moreover, the company's emission targets have been certified by the Global Steel Climate Council, highlighting Nucor's commitment towards sustainability. Despite facing pricing headwinds, the corporation remains an attractive investment as per analyst expectations.
Nucor Corporation NUE News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 01 Feb 2025 06:21:57 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -6
