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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NYSE:CMC

Commercial Metals (CMC) Stock Price, News & Analysis

$55.21
-0.07 (-0.13%)
(As of 04/19/2024 ET)
Today's Range
$54.55
$55.90
50-Day Range
$52.41
$59.01
52-Week Range
$39.85
$59.81
Volume
599,892 shs
Average Volume
794,994 shs
Market Capitalization
$6.39 billion
P/E Ratio
9.59
Dividend Yield
1.30%
Price Target
$57.67

Commercial Metals MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.4% Upside
$57.67 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.63mentions of Commercial Metals in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$6.40 M Sold Last Quarter
Proj. Earnings Growth
7.12%
From $5.34 to $5.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.93 out of 5 stars

Basic Materials Sector

44th out of 177 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 10 stocks

CMC stock logo

About Commercial Metals Stock (NYSE:CMC)

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

CMC Stock Price History

CMC Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Commercial Metals Company (CMC) Receives a Hold from KeyBanc
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Q2 2024 Commercial Metals Co Earnings Call
CMC Reports Second Quarter Fiscal 2024 Results
Records in 2023 @ Campine 2.0
CMC Mar 2024 60.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/17/2024
Dividend Payable
2/01/2024
Last Earnings
3/21/2024
Ex-Dividend for 4/10 Dividend
3/28/2024
Dividend Payable
4/10/2024
Today
4/20/2024
Next Earnings (Estimated)
6/27/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
13,022
Year Founded
1915

Price Target and Rating

Average Stock Price Target
$57.67
High Stock Price Target
$65.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$859.76 million
Pretax Margin
10.58%

Debt

Sales & Book Value

Annual Sales
$8.80 billion
Cash Flow
$9.37 per share
Book Value
$36.49 per share

Miscellaneous

Free Float
114,551,000
Market Cap
$6.39 billion
Optionable
Optionable
Beta
1.33

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CMC Stock Analysis - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMC, but not buy additional shares or sell existing shares.
View CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price target for 2024?

3 brokerages have issued twelve-month price targets for Commercial Metals' shares. Their CMC share price targets range from $48.00 to $65.00. On average, they expect the company's share price to reach $57.67 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for CMC
or view top-rated stocks among Wall Street analysts.

How have CMC shares performed in 2024?

Commercial Metals' stock was trading at $50.04 at the beginning of the year. Since then, CMC shares have increased by 10.3% and is now trading at $55.21.
View the best growth stocks for 2024 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,420,000 shares, a decline of 27.1% from the March 15th total of 3,320,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.1% of the shares of the company are short sold.
View Commercial Metals' Short Interest
.

When is Commercial Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 27th 2024.
View our CMC earnings forecast
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its quarterly earnings results on Thursday, March, 21st. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by $0.05. The basic materials company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.80 billion. Commercial Metals had a trailing twelve-month return on equity of 17.72% and a net margin of 8.09%. The business's revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 EPS.

How often does Commercial Metals pay dividends? What is the dividend yield for Commercial Metals?

Commercial Metals announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Monday, April 1st will be given a dividend of $0.18 per share on Wednesday, April 10th. This represents a $0.72 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for CMC
.

Is Commercial Metals a good dividend stock?

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 12.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

What is Barbara R. Smith's approval rating as Commercial Metals' CEO?

38 employees have rated Commercial Metals Chief Executive Officer Barbara R. Smith on Glassdoor.com. Barbara R. Smith has an approval rating of 91% among the company's employees. This puts Barbara R. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Commercial Metals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Commercial Metals investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Ford Motor (F), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), Alibaba Group (BABA) and Micron Technology (MU).

Who are Commercial Metals' major shareholders?

Commercial Metals' stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (0.55%), Hodges Capital Management Inc. (0.22%), Allspring Global Investments Holdings LLC (0.20%), Congress Asset Management Co. MA (0.05%), State of Michigan Retirement System (0.02%) and Green Alpha Advisors LLC (0.02%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Peter R Matt, Stephen William Simpson, Tracy L Porter and Ty L Garrison.
View institutional ownership trends
.

How do I buy shares of Commercial Metals?

Shares of CMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Commercial Metals have any subsidiaries?
The following companies are subsidiares of Commercial Metals: ABC Coating Company, AHT Inc., ALLFORM, C&M Steel, CMC (Beijing) International Trade Company Limited, CMC Cometals International S.à r.l., CMC Commercial Metals de Mexico S. de R.L. de C.V., CMC Europe GmbH, CMC Formtek Services, CMC GH LLC, CMC GH Sisak d.o.o., CMC International Finance S.à r.l., CMC Metals Cyprus Limited, CMC Poland Sp. z o.o., CMC Post Oklahoma LLC, CMC Putex Sp. z o.o., CMC Rebar West, CMC Receivables Inc., CMC Sisak, CMC Steel Fabricators Inc., CMC Steel Oklahoma LLC, CMC Steel US LLC, Cherokee Supply, Cmc Zawiercie, Coil Steels Group, Com Met Company S.à r.l., Commercial Metals (Bermuda) L.P., Commercial Metals Company US (Luxembourg) S.C.S., Commercial Metals Company US LLC, Commercial Metals Deutschland GmbH, Commercial Metals International GmbH, Commonwealth Acquisitions Holdings Inc., Continental Concrete Structures, DamCo, Economy Steel, Fontana Steel, GAM Steel Pty Ltd, Huta Zawiercie, Lofland Acquisition, Nike S.A., Owen Electric Steel Company of South Carolina, Owen Industrial Products Inc., Owen Steel Company, Przedsiębiorstwo Produkcyjno-Usługowe “Ecosteel” Sp. z o.o., Reinforcing Post-Tensioning Services, SMI Steel LLC, SMI-Owen Steel Company Inc., Southmet, Steel Products de Mexico S.A. de C.V., Structural Metals Inc., Suncoast Steel, Symons Corporation, TAMCO, and Tensar Corporation.
Read More
This page (NYSE:CMC) was last updated on 4/20/2024 by MarketBeat.com Staff

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