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S&P 500   5,088.80
DOW   39,131.53
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Stock ideas from the 2024 Microcap Conference
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
66,000% upside on tiny biotech? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
66,000% upside on tiny biotech? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
66,000% upside on tiny biotech? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
66,000% upside on tiny biotech? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
66,000% upside on tiny biotech? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
66,000% upside on tiny biotech? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
NYSE:CMC

Commercial Metals (CMC) Stock Price, News & Analysis

$54.69
+0.82 (+1.52%)
(As of 02/23/2024 ET)
Today's Range
$53.55
$54.90
50-Day Range
$47.50
$55.14
52-Week Range
$39.85
$58.06
Volume
680,132 shs
Average Volume
850,851 shs
Market Capitalization
$6.37 billion
P/E Ratio
8.36
Dividend Yield
1.17%
Price Target
$56.25

Commercial Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.9% Upside
$56.25 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
1.04mentions of Commercial Metals in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$14.32 M Sold Last Quarter
Proj. Earnings Growth
2.71%
From $5.16 to $5.30 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.

3.65 out of 5 stars

Basic Materials Sector

68th out of 171 stocks

Blast Furnaces & Steel Mills Industry

6th out of 13 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

NEW: Federal Reserve launches bank account overhaul
Wells Fargo, JP Morgan, U.S. Bank at nearly 40 other banks are all involved. Will your bank next to make this radical change??
CMC Mar 2024 60.000 call
NEW: Federal Reserve launches bank account overhaul
Wells Fargo, JP Morgan, U.S. Bank at nearly 40 other banks are all involved. Will your bank next to make this radical change??
Company News for Jan 9, 2024
CMC Announces Changes to Segment Reporting
See More Headlines
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Company Calendar

Last Earnings
1/08/2024
Ex-Dividend for 2/1 Dividend
1/17/2024
Dividend Payable
2/01/2024
Today
2/24/2024
Next Earnings (Confirmed)
3/21/2024
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
$56.25
High Stock Price Target
$65.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$859.76 million
Pretax Margin
11.76%

Debt

Sales & Book Value

Annual Sales
$8.80 billion
Cash Flow
$9.56 per share
Book Value
$35.29 per share

Miscellaneous

Free Float
115,224,000
Market Cap
$6.37 billion
Optionable
Optionable
Beta
1.32

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CMC Stock Analysis - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMC shares.
View CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price target for 2024?

4 analysts have issued 12-month price objectives for Commercial Metals' shares. Their CMC share price targets range from $48.00 to $65.00. On average, they anticipate the company's share price to reach $56.25 in the next year. This suggests a possible upside of 2.9% 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 start of the year. Since then, CMC stock has increased by 9.3% and is now trading at $54.69.
View the best growth stocks for 2024 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,060,000 shares, a decrease of 10.5% from the December 31st total of 3,420,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 2.9 days. Currently, 2.7% of the company's stock 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, March 21st 2024.
View our CMC earnings forecast
.

How can I listen to Commercial Metals' earnings call?

Commercial Metals will be holding an earnings conference call on Thursday, March 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) announced its quarterly earnings data on Monday, January, 8th. The basic materials company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. The basic materials company earned $2 billion during the quarter, compared to the consensus estimate of $1.90 billion. Commercial Metals had a net margin of 9.03% and a trailing twelve-month return on equity of 19.89%.

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

Commercial Metals announced a quarterly dividend on Thursday, January 4th. Investors of record on Thursday, January 18th will be paid a dividend of $0.16 per share on Thursday, February 1st. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, January 17th.
Read our dividend analysis for CMC
.

Is Commercial Metals a good dividend stock?

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.19%. The dividend payout ratio is 9.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 12.08% 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.86%), Dimensional Fund Advisors LP (6.54%), Northern Trust Corp (1.64%), Norges Bank (1.63%), Victory Capital Management Inc. (1.55%) and Principal Financial Group Inc. (1.46%). 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 2/24/2024 by MarketBeat.com Staff