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NYSE:CMC

Commercial Metals - CMC Stock Forecast, Price & News

$44.03
+1.02 (+2.37%)
(As of 08/11/2022 11:03 AM ET)
Add
Compare
Today's Range
$43.31
$44.35
50-Day Range
$32.77
$43.01
52-Week Range
$28.76
$46.68
Volume
11,161 shs
Average Volume
760,651 shs
Market Capitalization
$5.31 billion
P/E Ratio
5.00
Dividend Yield
1.34%
Price Target
$42.40

Commercial Metals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.4% Downside
$42.40 Price Target
Short Interest
Healthy
2.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.56mentions of Commercial Metals in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$785,600 Sold Last Quarter
Proj. Earnings Growth
-25.06%
From $8.10 to $6.07 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Basic Materials Sector

118th out of 168 stocks

Blast Furnaces & Steel Mills Industry

9th out of 12 stocks

CMC stock logo

About Commercial Metals (NYSE:CMC) Stock

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.

Wall Street Analysts Forecast Growth

CMC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Commercial Metals from a "buy" rating to a "hold" rating in a research report on Monday, June 20th. JPMorgan Chase & Co. reduced their price objective on shares of Commercial Metals from $55.00 to $54.00 in a research report on Tuesday, June 14th. Credit Suisse Group raised their price objective on shares of Commercial Metals from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, June 17th. KeyCorp reduced their price target on shares of Commercial Metals from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, July 19th. Finally, Citigroup reduced their price target on shares of Commercial Metals from $44.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, June 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.40.

Commercial Metals Price Performance

Shares of CMC traded up $1.11 during mid-day trading on Wednesday, reaching $43.01. 902,093 shares of the company's stock were exchanged, compared to its average volume of 1,151,256. The company has a quick ratio of 1.51, a current ratio of 2.48 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $36.89 and a two-hundred day simple moving average of $38.33. Commercial Metals has a 52-week low of $28.76 and a 52-week high of $46.68. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 4.76 and a beta of 1.24.

Commercial Metals (NYSE:CMC - Get Rating) last issued its quarterly earnings data on Thursday, June 16th. The basic materials company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.52. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.36 billion. Commercial Metals had a net margin of 12.66% and a return on equity of 31.92%. During the same period last year, the company posted $1.04 EPS. On average, sell-side analysts predict that Commercial Metals will post 8.1 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 29th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.56 annualized dividend and a yield of 1.30%. Commercial Metals's payout ratio is currently 6.36%.

Insiders Place Their Bets

In other Commercial Metals news, SVP Ty L. Garrison sold 20,000 shares of Commercial Metals stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $39.28, for a total value of $785,600.00. Following the completion of the sale, the senior vice president now directly owns 114,609 shares of the company's stock, valued at approximately $4,501,841.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

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CMC Stock News Headlines

Commercial Metals Company(CMC)
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CMC Company Calendar

Last Earnings
6/16/2022
Ex-Dividend for 7/13 Dividend
6/28/2022
Dividend Payable
7/13/2022
Today
8/11/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
10/13/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$42.40
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$412.86 million
Pretax Margin
16.04%

Debt

Sales & Book Value

Annual Sales
$6.73 billion
Cash Flow
$5.16 per share
Book Value
$19.03 per share

Miscellaneous

Free Float
119,044,000
Market Cap
$5.31 billion
Optionable
Optionable
Beta
1.24

Social Links















CMC Stock - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

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

What is Commercial Metals' stock price forecast for 2022?

10 Wall Street analysts have issued twelve-month target prices for Commercial Metals' stock. Their CMC share price forecasts range from $36.00 to $54.00. On average, they expect the company's stock price to reach $42.40 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for CMC
or view top-rated stocks among Wall Street analysts.

How have CMC shares performed in 2022?

Commercial Metals' stock was trading at $36.29 at the start of the year. Since then, CMC stock has increased by 18.5% and is now trading at $43.01.
View the best growth stocks for 2022 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,410,000 shares, a decline of 9.1% from the July 15th total of 3,750,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.9% of the shares of the company are sold short.
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, October 13th 2022.
View our CMC earnings forecast
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its earnings results on Thursday, June, 16th. The basic materials company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.09 by $0.52. The basic materials company earned $2.52 billion during the quarter, compared to analyst estimates of $2.36 billion. Commercial Metals had a trailing twelve-month return on equity of 31.92% and a net margin of 12.66%. During the same period in the previous year, the firm earned $1.04 earnings per share.

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

Commercial Metals announced a quarterly dividend on Wednesday, June 15th. Stockholders of record on Wednesday, June 29th will be given a dividend of $0.14 per share on Wednesday, July 13th. This represents a $0.56 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, June 28th.
Read our dividend analysis for CMC
.

Is Commercial Metals a good dividend stock?

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 9.23% 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 Principal Financial Group Inc. (1.52%), Hodges Capital Management Inc. (0.70%), Victory Capital Management Inc. (0.60%), Royce & Associates LP (0.27%), Swiss National Bank (0.24%) and Envestnet Asset Management Inc. (0.19%). 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 $43.01.

How much money does Commercial Metals make?

Commercial Metals (NYSE:CMC) has a market capitalization of $5.18 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 $8.80 on an earnings per share basis.

How many employees does Commercial Metals have?

The company 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.
Read More

When was Commercial Metals founded?

Commercial Metals was founded in 1915.

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 8/11/2022 by MarketBeat.com Staff

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