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NYSE:CMC

Commercial Metals Stock Forecast, Price & News

$32.92
+1.21 (+3.82 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$31.45
$32.94
50-Day Range
$28.22
$32.94
52-Week Range
$15.68
$33.50
Volume636,795 shs
Average Volume1.36 million shs
Market Capitalization$3.97 billion
P/E Ratio15.24
Dividend Yield1.51%
Beta1.24
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Commercial Metals logo

About Commercial Metals

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.

Headlines

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Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP20172310
Phone(214) 689-4300
Employees11,297
Year FoundedN/A

Sales & Book Value

Annual Sales$5.48 billion
Cash Flow$5.89 per share
Book Value$15.87 per share

Profitability

Net Income$279.50 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$3.97 billion
Next Earnings Date6/17/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.60 out of 5 stars

Basic Materials Sector

138th out of 862 stocks

Blast Furnaces & Steel Mills Industry

6th out of 24 stocks

Analyst Opinion: 0.9Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Commercial Metals (NYSE:CMC) Frequently Asked Questions

Is Commercial Metals a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street equities research 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 top-rated stocks.

What stocks does MarketBeat like better than Commercial Metals?

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

Are investors shorting Commercial Metals?

Commercial Metals saw a decrease in short interest in April. As of April 15th, there was short interest totaling 2,620,000 shares, a decrease of 16.3% from the March 31st total of 3,130,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the shares of the stock are short sold.
View Commercial Metals' Short Interest
.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, June 17th 2021.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) issued its earnings results on Wednesday, March, 17th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The basic materials company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.45 billion. Commercial Metals had a trailing twelve-month return on equity of 16.20% and a net margin of 4.75%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS.
View Commercial Metals' earnings history
.

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

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 shares have increased by 119.8% and is now trading at $32.92.
View which stocks have been most impacted by COVID-19
.

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

Commercial Metals declared a quarterly dividend on Thursday, March 18th. Investors of record on Wednesday, March 31st will be paid a dividend of $0.12 per share on Wednesday, April 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 30th.
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 1.51%. 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?

8 brokers have issued 12-month price objectives for Commercial Metals' stock. Their forecasts range from $21.00 to $33.00. On average, they anticipate Commercial Metals' share price to reach $25.11 in the next year. This suggests that the stock has a possible downside of 23.7%.
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:
  • Ms. Barbara R. Smith CPA, Chairman, Pres & CEO (Age 62, Pay $4.15M)
  • Mr. Paul J. Lawrence, VP & CFO (Age 51, Pay $1.33M)
  • Mr. Tracy L. Porter, Exec. VP & COO (Age 64, Pay $2.37M)
  • Ms. Jody K. Absher, VP, Gen. Counsel & Corp. Sec. (Age 44, Pay $611.41k)
  • Ms. Jennifer J. Durbin, VP of HR (Age 40, Pay $586.13k)
  • 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, Sr. VP of Strategy & Operations

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.

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).

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 BlackRock Inc. (12.52%), Dimensional Fund Advisors LP (6.95%), Alliancebernstein L.P. (4.37%), Janus Henderson Group PLC (2.30%), Bank of New York Mellon Corp (1.87%) and Northern Trust Corp (1.86%). 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 AQR Capital Management LLC, Northern Trust Corp, Renaissance Technologies LLC, JPMorgan Chase & Co., Bank of Montreal Can, Retirement Systems of Alabama, Acadian Asset Management LLC, and Foundry Partners LLC. 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 institutional investors are buying Commercial Metals stock?

CMC stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., BlackRock Inc., Wasatch Advisors Inc., Royce & Associates LP, Russell Investments Group Ltd., NFJ Investment Group LLC, Walthausen & Co. LLC, and Geode Capital Management LLC.
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 $32.92.

How much money does Commercial Metals make?

Commercial Metals has a market capitalization of $3.97 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.

How many employees does Commercial Metals have?

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.

Where are Commercial Metals' headquarters?

Commercial Metals is headquartered at 6565 N. MACARTHUR BLVD. SUITE 800 P O BOX 1046, IRVING TX, 75039.

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 5/18/2021 by MarketBeat.com Staff
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