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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
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NYSE:CMC

Commercial Metals Stock Forecast, Price & News

$21.03
-0.16 (-0.76 %)
(As of 01/21/2021 12:00 AM ET)
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Today's Range
$20.79
Now: $21.03
$21.44
50-Day Range
$19.49
MA: $20.78
$23.49
52-Week Range
$10.76
Now: $21.03
$24.16
Volume1.27 million shs
Average Volume1.58 million shs
Market Capitalization$2.53 billion
P/E Ratio9.74
Dividend Yield2.27%
Beta1.24
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, Germany, 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.
Commercial Metals logo

MarketRank

Overall MarketRank

1.81 out of 5 stars

Basic Materials Sector

63rd out of 813 stocks

Blast Furnaces & Steel Mills Industry

6th out of 24 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP20172310
Phone214-689-4300
Employees11,297

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.48 billion
Cash Flow$3.76 per share
Book Value$15.87 per share

Profitability

Net Income$279.50 million

Miscellaneous

Market Cap$2.53 billion
Next Earnings Date3/18/2021 (Estimated)
OptionableOptionable
$21.03
-0.16 (-0.76 %)
(As of 01/21/2021 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 COVID-19 (Coronavirus)?

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CMC shares have increased by 40.4% and is now trading at $21.03.
View which stocks have been most impacted by COVID-19
.

Is Commercial Metals a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Commercial Metals stock. 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.
View analyst ratings for Commercial Metals
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Commercial Metals?

Wall Street analysts have given Commercial Metals a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Commercial Metals wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Commercial Metals' CEO?

6,978 employees have rated Commercial Metals CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Commercial Metals' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, March 18th 2021.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) posted its earnings results on Sunday, January, 10th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The basic materials company earned $1.20 billion during the quarter, compared to analyst estimates of $1.37 billion. Commercial Metals had a return on equity of 16.20% and a net margin of 4.75%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS.
View Commercial Metals' earnings history
.

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

Commercial Metals announced a quarterly dividend on Thursday, January 7th. Shareholders of record on Thursday, January 21st will be paid a dividend of $0.12 per share on Thursday, February 4th. This represents a $0.48 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, January 20th.
View Commercial Metals' dividend history
.

Is Commercial Metals a good dividend stock?

Commercial Metals pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.27%. Commercial Metals does not yet have a strock track record of dividend growth. The dividend payout ratio of Commercial Metals is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 26.82% 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?

7 equities research analysts have issued 1-year target prices for Commercial Metals' shares. Their forecasts range from $21.00 to $25.00. On average, they anticipate Commercial Metals' share price to reach $22.38 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for Commercial Metals
or view Wall Street analyst' top-rated stocks.

Are investors shorting Commercial Metals?

Commercial Metals saw a increase in short interest in December. As of December 31st, there was short interest totaling 4,670,000 shares, an increase of 29.4% from the December 15th total of 3,610,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.0% of the shares of the stock are sold short.
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 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).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the following people:
  • Ms. Barbara R. Smith CPA, Chairman, Pres & CEO (Age 61, Pay $4.15M)
  • Mr. Paul J. Lawrence, VP & CFO (Age 50, Pay $1.33M)
  • Mr. Tracy L. Porter, Exec. VP & COO (Age 63, Pay $2.37M)
  • Ms. Jody K. Absher, VP, Gen. Counsel & Corp. Sec. (Age 43, Pay $611.41k)
  • Ms. Jennifer J. Durbin, VP of HR (Age 39, Pay $586.13k)
  • Mr. Adam R. Hickey, VP & Chief Accounting Officer (Age 45)
  • Mr. Billy Milligan, VP of Marketing & Enterprise Support
  • Mr. Jerzy Kozicz, Managing Director of CMC Poland
  • Mr. Brad Cottrell, VP & Chief Supply Chain Officer
  • Mr. Ty Garrison, VP of East Region

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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), Crossmark Global Holdings Inc. (0.01%), Fruth Investment Management (0.01%) and Pacer Advisors Inc. (0.01%). Company insiders that own Commercial Metals stock include Barbara Smith 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 Pacer Advisors Inc., Crossmark Global Holdings Inc., State of Alaska Department of Revenue, and Fruth Investment Management. 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.

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.

What is Commercial Metals' stock price today?

One share of CMC stock can currently be purchased for approximately $21.03.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.53 billion and generates $5.48 billion in revenue each year. The basic materials company earns $279.50 million in net income (profit) each year or $2.64 on an earnings per share basis. Commercial Metals employs 11,297 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 1/22/2021 by MarketBeat.com Staff

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