Nucor moved 1.1% this afternoon session, trading between a high of $157.32 and a low of $155.39 per share. Yesterday the stock finished at $154.98 per share, compared to an average analyst target price of $158.13.
Nucor Corporation engages in manufacture and sale of steel and steel products. The large-cap steel/iron ore company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.3%. Nucor has trailing twelve months earnings per share (EPS) of 19.78, which at today's prices amounts to a price to earnings (P/E) ratio of 7.9.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -1.15. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 37,457,947 | 28,017,193 | 25 | -16.67 |
| 2022 | 41,512,467 | 29,009,187 | 30 | 0.0 |
| 2021 | 36,483,939 | 25,458,525 | 30 | 172.73 |
| 2020 | 20,139,658 | 17,911,708 | 11 | -8.33 |
| 2019 | 22,588,858 | 19,909,773 | 12 | -29.41 |
| 2018 | 25,067,279 | 20,771,871 | 17 |
Nucor's 20.8% average gross margins are thinner than the 26.23% average of the Steel industry, implying that the firm might be lacking in competitivity.
