Commercial Metals (CMC) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CMC shares.
View CMC analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12 month price objectives for Commercial Metals' stock. Their CMC share price forecasts range from $53.00 to $63.00. On average, they anticipate the company's share price to reach $57.83 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for CMC or view top-rated stocks among Wall Street analysts.

Commercial Metals' stock was trading at $48.30 on January 1st, 2023. Since then, CMC stock has increased by 2.9% and is now trading at $49.72.
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Commercial Metals saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,610,000 shares, an increase of 16.5% from the August 31st total of 2,240,000 shares. Based on an average daily trading volume, of 763,700 shares, the short-interest ratio is presently 3.4 days. Approximately 2.3% of the company's shares are sold short.
View Commercial Metals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023.
View our CMC earnings forecast.

Commercial Metals will be holding an earnings conference call on Thursday, October 12th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Commercial Metals (NYSE:CMC) released its earnings results on Thursday, March, 23rd. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.53 by $0.09. The basic materials company earned $2.02 billion during the quarter, compared to analysts' expectations of $1.94 billion. Commercial Metals had a trailing twelve-month return on equity of 26.49% and a net margin of 10.72%. Commercial Metals's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 EPS.

Commercial Metals announced a quarterly dividend on Wednesday, June 21st. Investors of record on Monday, July 3rd will be given a dividend of $0.16 per share on Wednesday, July 12th. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, June 30th.
Read our dividend analysis for CMC.

ETFs with the largest weight of Commercial Metals (NYSE:CMC) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Cambria Value and Momentum ETF (VAMO), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap Momentum ETF (XMMO).

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 9.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

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.

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).

Commercial Metals trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMC."

Commercial Metals' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.70%), Dimensional Fund Advisors LP (6.35%), State Street Corp (4.77%), Geode Capital Management LLC (2.02%), Northern Trust Corp (1.65%) and Principal Financial Group Inc. (1.45%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Tracy L Porter and Ty L Garrison.
View institutional ownership trends.

Shares of CMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMC stock can currently be purchased for approximately $49.72.

Commercial Metals (NYSE:CMC) has a market capitalization of $5.81 billion and generates $8.91 billion in revenue each year. The basic materials company earns $1.22 billion in net income (profit) each year or $8.09 on an earnings per share basis.

The company employs 12,483 workers across the globe.

Commercial Metals' mailing address is 6565 N. MACARTHUR BLVD. SUITE 800 P O BOX 1046, IRVING TX, 75039. The official website for the company is www.cmc.com. The basic materials company can be reached via phone at (214) 689-4300, via email at ir@cmc.com, or via fax at 214-689-5886.