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

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

Commercial Metals declared a quarterly dividend on Thursday, January 2nd. Investors of record on Wednesday, January 15th will be given a dividend of $0.12 per share on Thursday, January 30th. This represents a $0.48 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, January 14th. View Commercial Metals' Dividend History.

Commercial Metals (NYSE:CMC) posted its quarterly earnings results on Monday, January, 6th. The basic materials company reported $0.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.19. The basic materials company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.44 billion. Commercial Metals had a return on equity of 18.40% and a net margin of 4.41%. Commercial Metals's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. View Commercial Metals' Earnings History.

Commercial Metals is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Commercial Metals.

9 Wall Street analysts have issued 1-year price targets for Commercial Metals' stock. Their forecasts range from $15.00 to $25.00. On average, they expect Commercial Metals' share price to reach $19.61 in the next year. This suggests that the stock has a possible downside of 5.7%. View Analyst Price Targets for Commercial Metals.

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

News articles about CMC stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing 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 impact score of 1.8 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Commercial Metals.

Commercial Metals saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,450,000 shares, an increase of 13.3% from the January 15th total of 7,460,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 7.2% of the company's stock are sold short. View Commercial Metals' Current Options Chain.

Some companies that are related to Commercial Metals include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Universal Stainless & Alloy Products (USAP) and Olympic Steel (ZEUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Commercial Metals investors own include Alibaba Group (BABA), Verizon Communications (VZ), Cisco Systems (CSCO), Advanced Micro Devices (AMD), General Electric (GE), Exxon Mobil (XOM), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV) and Bank of America (BAC).

Commercial Metals' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (4.25%), FMR LLC (3.18%), Goldman Sachs Group Inc. (2.33%), Bank of New York Mellon Corp (1.51%), Hodges Capital Management Inc. (1.45%) and Snow Capital Management LP (0.80%). Company insiders that own Commercial Metals stock include Adam R Hickey and Mary A Lindsey. View Institutional Ownership Trends for Commercial Metals.

CMC stock was sold by a variety of institutional investors in the last quarter, including Snow Capital Management LP, Citigroup Inc., Hodges Capital Management Inc., Credit Suisse AG, Russell Investments Group Ltd., Ceredex Value Advisors LLC, Bank of New York Mellon Corp and Bank of America Corp DE. View Insider Buying and Selling for Commercial Metals.

CMC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., Public Sector Pension Investment Board, Barclays PLC, Prudential Financial Inc., Regis Management CO LLC, Scopus Asset Management L.P. and Cipher Capital LP. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CMC stock can currently be purchased for approximately $20.80.

Commercial Metals has a market capitalization of $2.47 billion and generates $5.83 billion in revenue each year. The basic materials company earns $198.09 million in net income (profit) each year or $2.08 on an earnings per share basis. Commercial Metals employs 11,524 workers across the globe.View Additional Information About Commercial Metals.

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

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]