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NYSE:CMC

Commercial Metals Stock Forecast, Price & News

$20.20
+0.02 (+0.10 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$19.70
Now: $20.20
$20.44
50-Day Range
$19.59
MA: $21.18
$22.86
52-Week Range
$10.76
Now: $20.20
$24.04
Volume718,133 shs
Average Volume1.48 million shs
Market Capitalization$2.41 billion
P/E Ratio8.11
Dividend Yield2.38%
Beta1.44
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells 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. The Americas Mills segment manufactures finished long steel products, including reinforcing bars (rebars), merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products primarily to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP20172310
Phone214-689-4300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.83 billion
Cash Flow$2.90 per share
Book Value$13.77 per share

Profitability

Net Income$198.09 million

Miscellaneous

Employees11,524
Market Cap$2.41 billion
Next Earnings Date10/15/2020 (Confirmed)
OptionableOptionable
$20.20
+0.02 (+0.10 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Commercial Metals (NYSE:CMC) Frequently Asked Questions

How has Commercial Metals' stock price been impacted by Coronavirus?

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMC stock has increased by 34.8% and is now trading at $20.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Commercial Metals?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Commercial Metals
.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
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, October 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) announced its earnings results on Thursday, June, 18th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.22. The basic materials company earned $1.34 billion during the quarter, compared to analyst estimates of $1.25 billion. Commercial Metals had a net margin of 5.31% and a return on equity of 18.16%. The firm's quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 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, June 17th. Investors of record on Monday, July 6th will be given a dividend of $0.12 per share on Monday, July 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, July 2nd.
View Commercial Metals' dividend history
.

What price target have analysts set for CMC?

7 brokerages have issued 1-year target prices for Commercial Metals' stock. Their forecasts range from $15.00 to $25.00. On average, they anticipate Commercial Metals' share price to reach $21.50 in the next year. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for Commercial Metals
.

Are investors shorting Commercial Metals?

Commercial Metals saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,120,000 shares, a drop of 12.2% from the August 31st total of 5,830,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 4.4% of the shares of the stock are short sold.
View Commercial Metals' Short Interest
.

Who are some of Commercial Metals' key competitors?

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 Advanced Micro Devices (AMD), Bank of America (BAC), AbbVie (ABBV), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), Verizon Communications (VZ), Micron Technology (MU) and Walt Disney (DIS).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the following people:
  • Ms. Barbara R. Smith CPA, Chairman, Pres & CEO (Age 60)
  • Ms. Mary A. Lindsey, Sr. VP & CFO (Age 64)
  • Mr. Tracy L. Porter, Exec. VP & COO (Age 62)
  • Mr. Paul K. Kirkpatrick, VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Paul J. Lawrence, VP of Fin. (Age 49)

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 investors include Vanguard Group Inc. (10.36%), FMR LLC (7.97%), Goldman Sachs Group Inc. (2.42%), AQR Capital Management LLC (2.33%), Bank of New York Mellon Corp (1.49%) and Nuveen Asset Management LLC (1.47%). Company insiders that own Commercial Metals stock include Mary A Lindsey 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 Barclays PLC, AJO LP, Robeco Institutional Asset Management B.V., Vanguard Group Inc., Goldman Sachs Group Inc., Hodges Capital Management Inc., Federated Hermes Inc., and Nuveen Asset Management LLC.
View insider buying and selling activity for Commercial Metals
.

Which major investors are buying Commercial Metals stock?

CMC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, AQR Capital Management LLC, Nordea Investment Management AB, Point72 Asset Management L.P., Empowered Funds LLC, APG Asset Management N.V., Foundry Partners LLC, and Principal Financial Group Inc..
View insider buying and selling activity for Commercial Metals
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Commercial Metals' stock price today?

One share of CMC stock can currently be purchased for approximately $20.20.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.41 billion and generates $5.83 billion in revenue each year. The basic materials company earns $198.09 million in net income (profit) each year or $2.08 on an earnings per share basis. Commercial Metals employs 11,524 workers across the globe.

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 or via email at [email protected]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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