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NYSE:CMC

Commercial Metals - CMC Stock Forecast, Price & News

$41.49
+1.06 (+2.62%)
(As of 08/8/2022 11:58 AM ET)
Add
Compare
Today's Range
$41.05
$41.82
50-Day Range
$32.77
$42.86
52-Week Range
$28.76
$46.68
Volume
22,873 shs
Average Volume
1.15 million shs
Market Capitalization
$5.00 billion
P/E Ratio
4.71
Dividend Yield
1.39%
Price Target
$42.40

Commercial Metals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.7% Upside
$42.40 Price Target
Short Interest
Healthy
3.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.22mentions of Commercial Metals in the last 14 days
Based on 4 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.

2.08 out of 5 stars

Basic Materials Sector

118th out of 225 stocks

Blast Furnaces & Steel Mills Industry

11th out of 15 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.

Commercial Metals Stock Performance

Shares of CMC Stock opened at $40.43 on Monday. The firm has a 50-day moving average of $36.85 and a 200-day moving average of $38.26. The company has a market cap of $4.87 billion, a P/E ratio of 4.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.48 and a quick ratio of 1.51. Commercial Metals has a one year low of $28.76 and a one year high of $46.68.

Commercial Metals (NYSE:CMC - Get Rating) last announced 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. Commercial Metals had a net margin of 12.66% and a return on equity of 31.92%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Equities research analysts forecast that Commercial Metals will post 8.1 EPS for the current fiscal year.

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 29th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 1.39%. Commercial Metals's dividend payout ratio (DPR) is presently 6.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Commercial Metals from a "buy" rating to a "hold" rating in a research note on Monday, June 20th. The Goldman Sachs Group lowered their price objective on shares of Commercial Metals from $42.00 to $38.00 in a research report on Tuesday, May 31st. JPMorgan Chase & Co. reduced their price objective on shares of Commercial Metals from $55.00 to $54.00 in a research note on Tuesday, June 14th. Credit Suisse Group increased their target price on shares of Commercial Metals from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, June 17th. Finally, KeyCorp lowered their price objective on shares of Commercial Metals from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.40.

Insider Buying and Selling

In related news, SVP Ty L. Garrison sold 20,000 shares of the firm's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $39.28, for a total transaction of $785,600.00. Following the completion of the sale, the senior vice president now owns 114,609 shares in the company, valued at $4,501,841.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

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CMC Stock News Headlines

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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
8/08/2022
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
+2.2%
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
$5.04 per share
Book Value
$19.03 per share

Miscellaneous

Free Float
119,044,000
Market Cap
$5.00 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 year. 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" Commercial Metals stock.
View analyst ratings for Commercial Metals
or view top-rated stocks.

What is Commercial Metals' stock price forecast for 2022?

10 equities research analysts have issued twelve-month target prices for Commercial Metals' shares. Their CMC stock forecasts range from $36.00 to $54.00. On average, they expect Commercial Metals' share price to reach $42.40 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts' price targets for Commercial Metals
or view top-rated stocks among Wall Street analysts.

How has Commercial Metals' stock performed in 2022?

Commercial Metals' stock was trading at $36.29 at the beginning of the year. Since then, CMC stock has increased by 13.8% and is now trading at $41.29.
View the best growth stocks for 2022 here
.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

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

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. Investors of record on Wednesday, June 29th will be paid a dividend of $0.14 per share on Wednesday, July 13th. This represents a $0.56 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, June 28th.
View Commercial Metals' dividend history
.

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 1.39%. Commercial Metals does not yet have a strong track record of dividend growth. The dividend payout ratio of Commercial Metals is 6.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 9.23% next year. This indicates that Commercial Metals will be able to sustain or increase its dividend.
View Commercial Metals' dividend history.

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 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 a number of retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.70%), Victory Capital Management Inc. (0.60%), Royce & Associates LP (0.27%), Envestnet Asset Management Inc. (0.19%), Wedge Capital Management L L P NC (0.15%) and Retirement Systems of Alabama (0.13%). Company insiders that own Commercial Metals stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Tracy L Porter and Ty L Garrison.
View institutional ownership trends for Commercial Metals
.

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 $41.29.

How much money does Commercial Metals make?

Commercial Metals (NYSE:CMC) has a market capitalization of $4.98 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?

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, 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 Commercial Metals 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 8/8/2022 by MarketBeat.com Staff

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