Commercial Metals (CMC) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMC shares. 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.
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6 Wall Street analysts have issued 1 year target prices for Commercial Metals' stock. Their CMC share price forecasts range from $39.00 to $60.00. On average, they predict the company's stock price to reach $53.57 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts price targets for CMC or view top-rated stocks among Wall Street analysts.

Commercial Metals' stock was trading at $48.30 at the beginning of the year. Since then, CMC stock has decreased by 9.6% and is now trading at $43.64.
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Commercial Metals saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,910,000 shares, an increase of 9.0% from the April 30th total of 2,670,000 shares. Based on an average trading volume of 935,200 shares, the short-interest ratio is currently 3.1 days. Currently, 2.5% of the shares of the stock are short sold.
View Commercial Metals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our CMC earnings forecast.

Commercial Metals will be holding an earnings conference call on Thursday, June 22nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Commercial Metals (NYSE:CMC) posted its quarterly earnings results on Thursday, March, 23rd. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.53 by $0.09. The basic materials company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.94 billion. Commercial Metals had a trailing twelve-month return on equity of 30.52% and a net margin of 11.37%. Commercial Metals's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS.

Commercial Metals announced a quarterly dividend on Tuesday, March 21st. Stockholders of record on Monday, April 3rd will be given a dividend of $0.16 per share on Wednesday, April 12th. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for CMC.

ETFs with the largest weight of Commercial Metals (NYSE:CMC) stock in their portfolio include VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco DWA Basic Materials Momentum ETF (PYZ), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Cambria Value and Momentum ETF (VAMO), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.43%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 11.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

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 the company's employees. This puts Barbara R. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

Commercial Metals trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMC."

Commercial Metals' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.75%), Dimensional Fund Advisors LP (6.34%), FMR LLC (5.71%), State Street Corp (5.10%), Geode Capital Management LLC (1.93%) and Principal Financial Group Inc. (1.50%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Tracy L Porter and Ty L Garrison.
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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.
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One share of CMC stock can currently be purchased for approximately $43.64.

Commercial Metals (NYSE:CMC) has a market capitalization of $5.11 billion and generates $8.91 billion in revenue each year. The basic materials company earns $1.22 billion in net income (profit) each year or $8.65 on an earnings per share basis.

The company employs 12,483 workers across the globe.

Commercial Metals' mailing address is 6565 N. MACARTHUR BLVD. SUITE 800 P O BOX 1046, IRVING TX, 75039. The official website for the company 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.