About Commercial Metals Company
Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds. Its Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar. Its International Mill segment consists of its mill, recycling and fabrication operations located in Poland. Its International Marketing and Distribution segment includes international operations for the sales, distribution and processing of primary and secondary metals, fabricated metals, semi-finished, long and flat steel products, and other industrial products.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Steel & Iron
- Sub-Industry: Steel
- Exchange: NYSE
- Symbol: CMC
- CUSIP: 20172310
- Previous Close: $20.56
- 50 Day Moving Average: $21.38
- 200 Day Moving Average: $19.00
- 52-Week Range: $13.74 - $24.64
- Trailing P/E Ratio: 67.63
- Foreward P/E Ratio: 14.08
- P/E Growth: 2.18
- Market Cap: $2.38B
- Outstanding Shares: 115,566,000
- Beta: 1.38
- Net Margins: 0.79%
- Return on Equity: 6.77%
- Return on Assets: 2.98%
Companies Related to Commercial Metals Company:
- Debt-to-Equity Ratio: 0.57%
- Current Ratio: 2.58%
- Quick Ratio: 1.73%
What is Commercial Metals Company's stock symbol?
Commercial Metals Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMC."
How often does Commercial Metals Company pay dividends? What is the dividend yield for Commercial Metals Company?
Commercial Metals Company announced a quarterly dividend on Wednesday, January 4th. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.12 per share on Wednesday, February 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, January 12th.
Where is Commercial Metals Company's stock going? Where will Commercial Metals Company's stock price be in 2017?
8 brokerages have issued 12-month price objectives for Commercial Metals Company's stock. Their forecasts range from $17.00 to $27.00. On average, they expect Commercial Metals Company's share price to reach $20.86 in the next twelve months.
When will Commercial Metals Company announce their earnings?
Commercial Metals Company is scheduled to release their next quarterly earnings announcement on Wednesday, March, 22nd 2017.
What are analysts saying about Commercial Metals Company stock?
Here are some recent quotes from research analysts about Commercial Metals Company stock:
- Clarkson Capital analysts commented, "We are upgrading shares of CMC to Neutral from Sell and raising our price target to $18 (from $16) ahead of a rebar trade case ruling that could come next week. Together, the three named countries made up ~1.7 mm of the ~1.9 mm tons of rebar imported into the U.S. in 2016. We estimate the market for rebar production in the U.S. at roughly 6 mm tons, meaning that a successful ruling could eliminate roughly 20% of the rebar supply that was available for 2016. Thus, high import duties stand to have a significant impact on the supply demand balance for rebar in the short run, although longer-term we think the consolidated nature of the filing makes the market particularly susceptible toreplacement tonnage from other countries. In addition, while we believe Street EBITDA estimates (for 2018 in particular) are too high, and that they must be pricing in an affirmative outcome already, we are still mindful of the sharp squeezes in the steel space of late and think an upgrade to Neutral is prudent." (2/15/2017)
According to Zacks Investment Research, "Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Activities are primarily concerned with metals related activities. The manufacturing segment is the dominant and most rapidly expanding segment in terms of assets employed, capital expenditures, operating profit and number of employees. The recycling segment is engaged in processing secondary, or scrap, metals for further recycling into new metal products. The marketing and trading segment buys and sells primary and secondary metals, and fabricated metals. " (1/12/2017)
Jefferies Group LLC analysts commented, "CMC’s F1Q17 earnings fell notably short of both our and consensus estimates driven principally by disappointing Mill results. While mgmt was positive on overall market trends for FY17 boosted by expectations for rising construction activity, mgmt warned that F2Q will be hit by normal seasonal weakness and Fab margin pressure is expected to persist. Reiterate Hold. Earnings Fall Short of Expectations: CMC reported adjusted F1Q17 EPS of $0.11, which was short of our $0.15 forecast and consensus of $0.16. Relative to our forecast, revenues were marginally weaker (-0.4%) while gross margins of 15.1% fell -99bps short, which translated to lower gross profits of $162M (-$11M)." (1/10/2017)
Who owns Commercial Metals Company stock?
Commercial Metals Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.41%), State Street Corp (4.86%), AQR Capital Management LLC (3.89%), Royce & Associates LP (1.23%), Hodges Capital Management Inc. (0.75%) and Numeric Investors LLC (0.68%). Company insiders that own Commercial Metals Company stock include Adam B Batchelor, Adam R Hickey, Anthony A Massaro, Barbara Smith, Carey J Dubois, Joseph Alvarado, Paul K Kirkpatrick, Terry P Hatten and Tracy L Porter.
Who sold Commercial Metals Company stock? Who is selling Commercial Metals Company stock?
Commercial Metals Company's stock was sold by a variety of institutional investors in the last quarter, including Cipher Capital LP, Federated Investors Inc. PA, Hodges Capital Management Inc., Royce & Associates LP, State Street Corp, Dimensional Fund Advisors LP, Guggenheim Capital LLC and Numeric Investors LLC. Company insiders that have sold Commercial Metals Company stock in the last year include Adam B Batchelor, Adam R Hickey, Anthony A Massaro, Barbara Smith, Carey J Dubois, Joseph Alvarado, Paul K Kirkpatrick, Terry P Hatten and Tracy L Porter.
Who bought Commercial Metals Company stock? Who is buying Commercial Metals Company stock?
Commercial Metals Company's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, Cortina Asset Management LLC, Rafferty Asset Management LLC, Nicholas Investment Partners LP, Employees Retirement System of Texas, A.R.T. Advisors LLC and Van ECK Associates Corp.
How do I buy Commercial Metals Company stock?
Shares of Commercial Metals Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Commercial Metals Company stock cost?
One share of Commercial Metals Company stock can currently be purchased for approximately $20.56.