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NYSE:CMC

Commercial Metals Stock Forecast, Price & News

$35.25
+1.57 (+4.66%)
(As of 01/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.65
$35.46
50-Day Range
$30.90
$37.92
52-Week Range
$19.44
$38.72
Volume
1.99 million shs
Average Volume
1.26 million shs
Market Capitalization
$4.28 billion
P/E Ratio
7.41
Dividend Yield
1.66%
Beta
1.26
30 days | 90 days | 365 days | Advanced Chart
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Commercial Metals logo

About Commercial Metals

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.

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
$4.74 per share
Book Value
$20.47 per share

Profitability

Net Income
$412.86 million
Pretax Margin
9.70%

Debt

Price-To-Earnings

Miscellaneous

Free Float
120,023,000
Market Cap
$4.28 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 11/10 Dividend
10/26/2021
Dividend Payable
11/10/2021
Last Earnings
1/10/2022
Ex-Dividend for 2/3 Dividend
1/19/2022
Today
1/24/2022
Dividend Payable
2/03/2022
Next Earnings (Estimated)
3/17/2022
Fiscal Year End
8/31/2022

Social Links


MarketRank

Overall MarketRank

2.57 out of 5 stars

Basic Materials Sector

52nd out of 223 stocks

Blast Furnaces & Steel Mills Industry

6th out of 19 stocks

Analyst Opinion: 2.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Commercial Metals (NYSE:CMC) Frequently Asked Questions

Is Commercial Metals a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Commercial Metals stock.
View analyst ratings for Commercial Metals
or view top-rated stocks.

How has Commercial Metals' stock price been impacted by COVID-19?

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CMC shares have increased by 135.3% and is now trading at $35.25.
View which stocks have been most impacted by COVID-19
.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, March 17th 2022.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) issued its earnings results on Monday, January, 10th. The basic materials company reported $1.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.30 by $0.32. The basic materials company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.02 billion. Commercial Metals had a net margin of 7.95% and a trailing twelve-month return on equity of 25.05%. The company's revenue was up 42.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share.
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 Thursday, January 6th. Stockholders of record on Thursday, January 20th will be paid a dividend of $0.14 per share on Thursday, February 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, January 19th.
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 1.66%. Commercial Metals 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 of Commercial Metals is 11.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 14.21% 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 analysts have issued 12-month price objectives for Commercial Metals' stock. Their forecasts range from $33.00 to $45.00. On average, they expect Commercial Metals' stock price to reach $39.38 in the next year. This suggests a possible upside of 11.7% 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:
  • Barbara R. Smith, Chairman, President & Chief Executive Officer (LinkedIn Profile)
  • Ty Garrison, Senior Vice President-Operations
  • Paul James Lawrence, Chief Financial Officer & Vice President
  • Tracy L. Porter, Executive Vice President
  • Jody K. Absher, Secretary, Vice President & General Counsel

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 many different retail and institutional investors. Top institutional investors include Nordea Investment Management AB (0.24%), Russell Investments Group Ltd. (0.22%), New York State Teachers Retirement System (0.14%), Retirement Systems of Alabama (0.13%), Cubic Asset Management LLC (0.10%) and Bfsg LLC (0.04%). Company insiders that own Commercial Metals stock include Barbara Smith, Gary E Mccullough and Tracy L Porter.
View institutional ownership trends for Commercial Metals
.

Which major investors are selling Commercial Metals stock?

CMC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Fieldpoint Private Securities LLC, Crossmark Global Holdings Inc., Strs Ohio, New York State Teachers Retirement System, Nordea Investment Management AB, Bfsg LLC, and State of Alaska Department of Revenue. 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 major investors are buying Commercial Metals stock?

CMC stock was bought by a variety of institutional investors in the last quarter, including Cubic Asset Management LLC, AE Wealth Management LLC, Kestra Advisory Services LLC, Koshinski Asset Management Inc., Canandaigua National Corp, Retirement Systems of Alabama, Tatro Capital LLC, and National Bank of Canada FI.
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 $35.25.

How much money does Commercial Metals make?

Commercial Metals has a market capitalization of $4.28 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 $4.76 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, Brost Forming Supply - Assets, Bruhler Stahlhandel - Assets, 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., Conesco - Assets, Continental Concrete Structures, DamCo, Dunn Del Re Steel - Assets, E.L. Wills -Assets, Economy Steel, Fontana Steel, GAM Steel Pty Ltd, Hall-Hodges - Assets, Huta Zawiercie, J.L. Davidson -Assets, Juarez - Assets, Lofland Acquisition, Mayfield Salvage - Assets, Newell Recycling of San Antonio - Assets, Nicholas J. Bouras - Assets, 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., Rebar Services and Supply Company - Assets, Reinforcing Post-Tensioning Services, SMI Steel LLC, SMI-Owen Steel Company Inc., Sampson Steel Corporation - Assets, Southmet, Steel Products de Mexico S.A. de C.V., Structural Metals Inc., Suncoast Steel, Symons Corporation, TAMCO, and Yonack Iron & Metal - Assets.

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.

Where are Commercial Metals' headquarters?

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 1/24/2022 by MarketBeat.com Staff

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