S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:CMC

Commercial Metals (CMC) Stock Forecast, Price & News

$36.63
-0.39 (-1.05%)
(As of 05/20/2022 07:00 PM ET)
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Today's Range
$35.77
$37.67
50-Day Range
$35.83
$46.14
52-Week Range
$28.76
$46.68
Volume
913,400 shs
Average Volume
1.22 million shs
Market Capitalization
$4.45 billion
P/E Ratio
5.00
Dividend Yield
1.53%
Beta
1.14
30 days | 90 days | 365 days | Advanced Chart
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Commercial Metals logo

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. 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 rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products 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.

Headlines

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Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
11,089
Year Founded
1915

Sales & Book Value

Annual Sales
$6.73 billion
Cash Flow
$4.86 per share
Book Value
$19.03 per share

Profitability

Net Income
$412.86 million
Pretax Margin
14.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
120,023,000
Market Cap
$4.45 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/17/2022
Ex-Dividend for 4/13 Dividend
3/29/2022
Dividend Payable
4/13/2022
Today
5/23/2022
Next Earnings (Confirmed)
6/16/2022
Fiscal Year End
8/31/2022

Social Links


MarketRank

Overall MarketRank

2.63 out of 5 stars

Basic Materials Sector

47th out of 238 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 17 stocks

Analyst Opinion: 2.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













Commercial Metals (NYSE:CMC) Frequently Asked Questions

Is Commercial Metals a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Commercial Metals stock.
View analyst ratings for Commercial Metals
or view top-rated stocks.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, June 16th 2022.
View our earnings forecast for Commercial Metals
.

How can I listen to Commercial Metals' earnings call?

Commercial Metals will be holding an earnings conference call on Thursday, June 16th 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 earnings results on Thursday, March, 17th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.25. The basic materials company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. Commercial Metals had a trailing twelve-month return on equity of 27.25% and a net margin of 11.43%. The company's revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS.
View Commercial Metals' earnings history
.

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

Commercial Metals declared a quarterly dividend on Wednesday, March 16th. Stockholders of record on Wednesday, March 30th will be given a dividend of $0.14 per share on Wednesday, April 13th. This represents a $0.56 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 29th.
View Commercial Metals' dividend history
.

Is Commercial Metals a good dividend stock?

Commercial Metals pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.53%. Commercial Metals does not yet have a strong track record of dividend growth. The dividend payout ratio of Commercial Metals is 7.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 11.99% next year. This indicates that Commercial Metals will be able to sustain or increase its dividend.
View Commercial Metals' dividend history.

What price target have analysts set for CMC?

8 brokerages have issued 1 year target prices for Commercial Metals' stock. Their forecasts range from $33.00 to $55.00. On average, they expect Commercial Metals' stock price to reach $43.50 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts' price targets for Commercial Metals
or view top-rated stocks among Wall Street analysts.

Who are Commercial Metals' key executives?
Commercial Metals' management team includes the following people:
  • Ms. Barbara R. Smith C.P.A., Chairman, Pres & CEO (Age 63, Pay $4.2M) (LinkedIn Profile)
  • Mr. Paul J. Lawrence, Sr. VP & CFO (Age 52, Pay $1.52M)
  • Ms. Jody K. Absher, VP, Gen. Counsel & Corp. Sec. (Age 45, Pay $930.59k)
  • Ms. Jennifer J. Durbin, VP of HR & Safety (Age 40, Pay $920.96k)
  • Mr. Tracy L. Porter, Exec. VP (Age 65, Pay $2.39M)
  • Mr. Ty Garrison, Sr. VP of Operations (Age 51)
  • Ms. Lindsay L. Sloan, VP & Chief Accounting Officer
  • Mr. Billy Milligan, VP of Sustainability & Gov. Affairs
  • Mr. Jerzy Kozicz, Managing Director of CMC Poland
  • Mr. Brad Cottrell, VP & Chief Supply Chain Officer
What is Barbara R. Smith's approval rating as Commercial Metals' CEO?

38 employees have rated Commercial Metals CEO Barbara R. Smith on Glassdoor.com. Barbara R. Smith has an approval rating of 91% among Commercial Metals' 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.00%), Vanguard Group Inc. (10.89%), State Street Corp (6.17%), Dimensional Fund Advisors LP (6.17%), Berkley W R Corp (2.06%) and Fairholme Capital Management LLC (1.71%). Company insiders that own Commercial Metals stock include Barbara Smith, Gary E Mccullough, John R Mcpherson and Tracy L Porter.
View institutional ownership trends for Commercial Metals
.

Which institutional investors are selling Commercial Metals stock?

CMC stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Pacer Advisors Inc., BlackRock Inc., Clearbridge Investments LLC, Royce & Associates LP, Hodges Capital Management Inc., Russell Investments Group Ltd., and Dimensional Fund Advisors LP. Company insiders that have sold Commercial Metals company stock in the last year include Barbara Smith, and Tracy L Porter.
View insider buying and selling activity for Commercial Metals
or view top insider-selling stocks.

Which institutional investors are buying Commercial Metals stock?

CMC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Principal Financial Group Inc., American Century Companies Inc., Panagora Asset Management Inc., Goldman Sachs Group Inc., Fairholme Capital Management LLC, Acadian Asset Management LLC, and Invesco Ltd.. Company insiders that have bought Commercial Metals stock in the last two years include Gary E Mccullough, and John R Mcpherson.
View insider buying and selling activity for Commercial Metals
or or view top insider-buying stocks.

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 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 $36.63.

How much money does Commercial Metals make?

Commercial Metals has a market capitalization of $4.45 billion and generates $6.73 billion in revenue each year. The basic materials company earns $412.86 million in net income (profit) each year or $7.33 on an earnings per share basis.

How many employees does Commercial Metals have?

Commercial Metals employs 11,089 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.

When was Commercial Metals founded?

Commercial Metals was founded in 1915.

What is Commercial Metals' official website?

The official website for Commercial Metals is 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, via email at [email protected], or via fax at 214-689-5886.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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