Commercial Metals - CMC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 brokers have issued twelve-month price objectives for Commercial Metals' stock. Their CMC share price forecasts range from $39.00 to $57.00. On average, they predict the company's share price to reach $52.86 in the next year. This suggests a possible upside of 9.6% from the stock's current price.
View analysts price targets for CMC or view top-rated stocks among Wall Street analysts.

Commercial Metals' stock was trading at $48.30 on January 1st, 2023. Since then, CMC stock has decreased by 0.2% and is now trading at $48.21.
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Commercial Metals saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,470,000 shares, an increase of 20.5% from the February 28th total of 2,880,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 3.0 days. Approximately 3.0% of the company's stock are short sold.
View Commercial Metals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 15th 2023.
View our CMC earnings forecast.

Commercial Metals (NYSE:CMC) released its earnings results on Thursday, March, 23rd. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by $0.09. The basic materials company earned $2.02 billion during 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%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS.

Commercial Metals announced a quarterly dividend on Tuesday, March 21st. Investors of record on Monday, April 3rd will be paid a dividend of $0.16 per share on Wednesday, April 12th. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for CMC.

ETFs with the largest weight of Commercial Metals (NYSE:CMC) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco DWA Basic Materials Momentum ETF (PYZ), Cambria Value and Momentum ETF (VAMO), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap Momentum ETF (XMMO).

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.37%. 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 12.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

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.

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).

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

Commercial Metals' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.67%), Norges Bank (2.02%), Fairholme Capital Management LLC (1.90%), Geode Capital Management LLC (1.86%), Principal Financial Group Inc. (1.48%) and Morgan Stanley (1.22%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Tracy L Porter and Ty L Garrison.
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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.
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One share of CMC stock can currently be purchased for approximately $48.21.

Commercial Metals (NYSE:CMC) has a market capitalization of $5.65 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.

The company employs 12,483 workers across the globe.

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.