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Commercial Metals Stock Price, News & Analysis (NYSE:CMC)

$45.79
-0.30 (-0.65%)
(As of 12/8/2023 ET)
Compare
Today's Range
$45.68
$46.82
50-Day Range
$40.05
$49.41
52-Week Range
$39.85
$58.09
Volume
640,520 shs
Average Volume
951,009 shs
Market Capitalization
$5.36 billion
P/E Ratio
6.32
Dividend Yield
1.40%
Price Target
$55.17

Commercial Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
20.5% Upside
$55.17 Price Target
Short Interest
Healthy
2.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
1.08mentions of Commercial Metals in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$249,860 Bought Last Quarter
Proj. Earnings Growth
10.21%
From $5.68 to $6.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Basic Materials Sector

27th out of 170 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 11 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

Commercial Metals (NYSE:CMC) Sees Large Decline in Short Interest
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
CMC Slips Over 8% After Q4 Earnings, Revenue Miss Street View
Commercial Metals (CMC) Q4 2023 Earnings Call Transcript
Why Commercial Metals Stock Is Falling Today
Commercial Metals Q4 Adj. EPS Misses Estimates
Commercial Metals Company: Still Going Strong
Cielo Announces Fiscal Q1 2024 Financial Results
3 Top Steel Producer Stocks to Buy From a Promising Industry
3 Steel Stocks Investors Are Buzzing About
See More Headlines
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Company Calendar

Last Earnings
10/12/2023
Ex-Dividend for 11/9 Dividend
10/25/2023
Dividend Payable
11/09/2023
Today
12/08/2023
Next Earnings (Confirmed)
1/08/2024
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
$55.17
High Stock Price Target
$63.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$859.76 million
Pretax Margin
12.75%

Debt

Sales & Book Value

Annual Sales
$8.80 billion
Cash Flow
$9.43 per share
Book Value
$35.29 per share

Miscellaneous

Free Float
115,839,000
Market Cap
$5.45 billion
Optionable
Optionable
Beta
1.34

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Key Executives















CMC Stock Analysis - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 3 hold ratings and 3 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?

6 Wall Street research analysts have issued 12-month price targets for Commercial Metals' shares. Their CMC share price targets range from $48.00 to $63.00. On average, they anticipate the company's stock price to reach $55.17 in the next year. This suggests a possible upside of 20.5% 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 2023?

Commercial Metals' stock was trading at $48.30 at the start of the year. Since then, CMC stock has decreased by 5.2% and is now trading at $45.79.
View the best growth stocks for 2023 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 3,170,000 shares, a decline of 5.7% from the October 31st total of 3,360,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 3.0 days. Approximately 2.7% 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 Monday, January 8th 2024.
View our CMC earnings forecast
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) posted its earnings results on Thursday, October, 12th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by $0.08. The basic materials company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.15 billion. Commercial Metals had a net margin of 9.77% and a trailing twelve-month return on equity of 22.62%. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS.

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

Commercial Metals announced a quarterly dividend on Tuesday, October 10th. Shareholders of record on Thursday, October 26th will be given a dividend of $0.16 per share on Thursday, November 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, October 25th.
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 1.38%. 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 8.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 10.22% 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 a variety of institutional and retail investors. Top institutional investors include FMR LLC (4.84%), Fuller & Thaler Asset Management Inc. (2.14%), Northern Trust Corp (1.62%), Principal Financial Group Inc. (1.44%), Invesco Ltd. (1.29%) and Charles Schwab Investment Management Inc. (1.19%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

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