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NYSE:CMC

Commercial Metals (CMC) Stock Forecast, Price & News

$43.64
-1.25 (-2.78%)
(As of 05/30/2023 ET)
Compare
Today's Range
$43.52
$44.71
50-Day Range
$42.86
$48.90
52-Week Range
$31.47
$58.09
Volume
671,997 shs
Average Volume
978,061 shs
Market Capitalization
$5.11 billion
P/E Ratio
5.05
Dividend Yield
1.47%
Price Target
$53.57

Commercial Metals MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.8% Upside
$53.57 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.71mentions of Commercial Metals in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.74%
From $7.77 to $5.77 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Basic Materials Sector

96th out of 164 stocks

Blast Furnaces & Steel Mills Industry

9th out of 12 stocks


CMC stock logo

About Commercial Metals (NYSE:CMC) Stock

Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.

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CMC Stock News Headlines

Analysts Set Commercial Metals (NYSE:CMC) PT at $53.57
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Commercial Metals (CMC) To Go Ex-Dividend on March 31st
Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%
Guru Fundamental Report for CMC
Commercial Metals Company Acquires Tendon Systems, LLC
See More Headlines
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CMC Company Calendar

Last Earnings
3/23/2023
Ex-Dividend for 4/12 Dividend
3/31/2023
Dividend Payable
4/12/2023
Today
5/30/2023
Next Earnings (Confirmed)
6/22/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
12,483
Year Founded
1915

Price Target and Rating

Average Stock Price Forecast
$53.57
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$1.22 billion
Pretax Margin
14.37%

Debt

Sales & Book Value

Annual Sales
$8.91 billion
Cash Flow
$9.49 per share
Book Value
$27.27 per share

Miscellaneous

Free Float
115,712,000
Market Cap
$5.11 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • Barbara R. SmithBarbara R. Smith
    Chairman & Chief Executive Officer
  • Peter R. Matt
    President & Director
  • Ty GarrisonTy Garrison
    Senior Vice President-Operations
  • Paul James Lawrence
    Chief Financial Officer & Senior Vice President
  • Jennifer J. Durbin
    Chief Human Resources Officer & Vice President













CMC Stock - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMC, but not buy additional shares or sell existing shares.
View CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price forecast for 2023?

6 Wall Street analysts have issued 1 year target prices for Commercial Metals' stock. Their CMC share price forecasts range from $39.00 to $60.00. On average, they predict the company's stock price to reach $53.57 in the next year. This suggests a possible upside of 22.8% 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 beginning of the year. Since then, CMC stock has decreased by 9.6% and is now trading at $43.64.
View the best growth stocks for 2023 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,910,000 shares, an increase of 9.0% from the April 30th total of 2,670,000 shares. Based on an average trading volume of 935,200 shares, the short-interest ratio is currently 3.1 days. Currently, 2.5% of the shares of the 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, June 22nd 2023.
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, June 22nd 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) posted its quarterly earnings results on Thursday, March, 23rd. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.53 by $0.09. The basic materials company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.94 billion. Commercial Metals had a trailing twelve-month return on equity of 30.52% and a net margin of 11.37%. Commercial Metals's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS.

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

Commercial Metals announced a quarterly dividend on Tuesday, March 21st. Stockholders of record on Monday, April 3rd will be given a dividend of $0.16 per share on Wednesday, April 12th. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 31st.
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 1.43%. 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 7.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 11.09% 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).

What is Commercial Metals' stock symbol?

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

Who are Commercial Metals' major shareholders?

Commercial Metals' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.75%), Dimensional Fund Advisors LP (6.34%), FMR LLC (5.71%), State Street Corp (5.10%), Geode Capital Management LLC (1.93%) and Principal Financial Group Inc. (1.50%). 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
.

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.

What is Commercial Metals' stock price today?

One share of CMC stock can currently be purchased for approximately $43.64.

How much money does Commercial Metals make?

Commercial Metals (NYSE:CMC) has a market capitalization of $5.11 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 $8.65 on an earnings per share basis.

How many employees does Commercial Metals have?

The company employs 12,483 workers across the globe.

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
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 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.

This page (NYSE:CMC) was last updated on 5/30/2023 by MarketBeat.com Staff

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