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NYSE:CMCCommercial Metals Stock Price, Forecast & News

$19.94
+0.78 (+4.07 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$19.23
Now: $19.94
$19.99
50-Day Range
$16.20
MA: $18.85
$20.58
52-Week Range
$10.76
Now: $19.94
$24.04
Volume782,300 shs
Average Volume1.35 million shs
Market Capitalization$2.37 billion
P/E Ratio8.01
Dividend Yield2.41%
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$2.81 per share
Book Value$15.12 per share

Profitability

Net Income$198.09 million

Miscellaneous

Employees11,524
Market Cap$2.37 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable

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Commercial Metals (NYSE:CMC) Frequently Asked Questions

How has Commercial Metals' stock been impacted by COVID-19 (Coronavirus)?

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CMC stock has increased by 33.1% and is now trading at $19.94. View which stocks have been most impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 4 hold ratings and 5 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 Wednesday, October 28th 2020. View our earnings forecast for Commercial Metals.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) announced its quarterly earnings data on Thursday, June, 18th. The basic materials company reported $0.59 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.22. The basic materials company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.25 billion. Commercial Metals had a return on equity of 18.16% and a net margin of 5.31%. The firm's revenue was down 16.5% on a year-over-year basis. During the same period last 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. Stockholders 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 2.41%. The ex-dividend date is Thursday, July 2nd. View Commercial Metals' dividend history.

What price target have analysts set for CMC?

9 analysts have issued twelve-month target prices for Commercial Metals' stock. Their forecasts range from $15.00 to $25.00. On average, they expect Commercial Metals' stock price to reach $21.13 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price. View analysts' price targets for Commercial Metals.

Has Commercial Metals been receiving favorable news coverage?

News stories about CMC stock have trended neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Commercial Metals earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Commercial Metals.

Are investors shorting Commercial Metals?

Commercial Metals saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,510,000 shares, an increase of 5.2% from the June 15th total of 7,140,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 6.4% of the shares of the company are short sold. View Commercial Metals' Current Options Chain.

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), Verizon Communications (VZ), Advanced Micro Devices (AMD), Alibaba Group (BABA), AbbVie (ABBV), Cisco Systems (CSCO), Caterpillar (CAT), Intel (INTC), Procter & Gamble (PG) 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 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 many different institutional and retail investors. Top institutional shareholders include Ellevest Inc. (0.00%). Company insiders that own Commercial Metals stock include Mary A Lindsey and Tracy L Porter. View institutional ownership trends for Commercial Metals.

Which institutional investors are buying Commercial Metals stock?

CMC stock was purchased by a variety of institutional investors in the last quarter, including Ellevest 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 $19.94.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.37 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 7/12/2020 by MarketBeat.com Staff

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