NYSE:CMC - Commercial Metals Stock Price, News, & Analysis

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$14.97 -0.52 (-3.36 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$15.49
Today's Range$14.84 - $15.28
52-Week Range$14.84 - $24.95
Volume2.52 million shs
Average Volume1.47 million shs
Market Capitalization$1.77 billion
P/E Ratio10.05
Dividend Yield3.10%
Beta1.3
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells 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. The Americas Mills segment manufactures finished long steel products, including reinforcing bars (rebars), merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products primarily to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

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Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
CUSIP20172310
Phone214-689-4300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.64 billion
Cash Flow$2.5416 per share
Book Value$12.76 per share

Profitability

Net Income$138.50 million

Miscellaneous

Employees8,900
Market Cap$1.77 billion
Next Earnings Date6/20/2019 (Estimated)
OptionableOptionable

Commercial Metals (NYSE:CMC) Frequently Asked Questions

What is Commercial Metals' stock symbol?

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

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 Friday, April 5th will be paid a dividend of $0.12 per share on Thursday, April 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, April 4th. View Commercial Metals' Dividend History.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) posted its quarterly earnings data on Thursday, March, 21st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.04. The basic materials company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. Commercial Metals had a return on equity of 12.49% and a net margin of 2.41%. The business's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. View Commercial Metals' Earnings History.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release their next quarterly earnings announcement on Thursday, June 20th 2019. View Earnings Estimates for Commercial Metals.

What price target have analysts set for CMC?

8 Wall Street analysts have issued 1-year target prices for Commercial Metals' shares. Their predictions range from $17.37 to $25.00. On average, they expect Commercial Metals' share price to reach $20.5529 in the next year. This suggests a possible upside of 37.3% from the stock's current price. View Analyst Price Targets for Commercial Metals.

What is the consensus analysts' recommendation for Commercial Metals?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Commercial Metals.

Has Commercial Metals been receiving favorable news coverage?

News headlines about CMC stock have been trending somewhat negative on Monday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Commercial Metals earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Commercial Metals' key competitors?

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 Verizon Communications (VZ), Starbucks (SBUX), Cisco Systems (CSCO), AbbVie (ABBV), Caterpillar (CAT), Delta Air Lines (DAL), Exxon Mobil (XOM), NVIDIA (NVDA), Alibaba Group (BABA) and Bank of America (BAC).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the folowing people:
  • Ms. Barbara R. Smith CPA, Chairman, Pres & CEO (Age 60)
  • Ms. Mary A. Lindsey, Sr. VP & CFO (Age 64)
  • Mr. Tracy L. Porter, Exec. VP & COO (Age 62)
  • Mr. Paul K. Kirkpatrick, VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Paul J. Lawrence, VP of Fin. (Age 49)

Who are Commercial Metals' major shareholders?

Commercial Metals' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.43%), Dimensional Fund Advisors LP (8.38%), Northern Trust Corp (2.43%), Deprince Race & Zollo Inc. (2.16%), Wellington Management Group LLP (2.07%) and Voya Investment Management LLC (1.89%). Company insiders that own Commercial Metals stock include Adam R Hickey, Mary A Lindsey, Melvin Ross Angeltvedt and Tracy L Porter. View Institutional Ownership Trends for Commercial Metals.

Which major investors are selling Commercial Metals stock?

CMC stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., FMR LLC, Federated Investors Inc. PA, Systematic Financial Management LP, Man Group plc, Janus Henderson Group PLC, Parametric Portfolio Associates LLC and Morgan Stanley. View Insider Buying and Selling for Commercial Metals.

Which major investors are buying Commercial Metals stock?

CMC stock was acquired by a variety of institutional investors in the last quarter, including Citigroup Inc., Deprince Race & Zollo Inc., Dean Investment Associates LLC, Wells Fargo & Company MN, Geode Capital Management LLC, State of Wisconsin Investment Board, First Dallas Securities Inc. and Dimensional Fund Advisors LP. Company insiders that have bought Commercial Metals stock in the last two years include Mary A Lindsey and Melvin Ross Angeltvedt. View Insider Buying and Selling for Commercial Metals.

How do I buy shares of Commercial Metals?

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

What is Commercial Metals' stock price today?

One share of CMC stock can currently be purchased for approximately $14.97.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $1.77 billion and generates $4.64 billion in revenue each year. The basic materials company earns $138.50 million in net income (profit) each year or $1.49 on an earnings per share basis. Commercial Metals employs 8,900 workers across the globe.

What is Commercial Metals' official website?

The official website for Commercial Metals is http://www.cmc.com.

How can I contact Commercial Metals?

Commercial Metals' mailing address is 6565 N. MACARTHUR BLVD. SUITE 800 P O BOX 1046, IRVING TX, 75039. The basic materials company can be reached via phone at 214-689-4300 or via email at [email protected]


MarketBeat Community Rating for Commercial Metals (NYSE CMC)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  397 (Vote Underperform)
Total Votes:  643
MarketBeat's community ratings are surveys of what our community members think about Commercial Metals and other stocks. Vote "Outperform" if you believe CMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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