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NYSE:CMC

Commercial Metals - CMC Stock Forecast, Price & News

$55.17
+1.96 (+3.68%)
(As of 01/26/2023 04:01 PM ET)
Add
Compare
Today's Range
$53.14
$55.25
50-Day Range
$47.27
$56.17
52-Week Range
$31.47
$56.88
Volume
709,332 shs
Average Volume
1.26 million shs
Market Capitalization
$6.47 billion
P/E Ratio
5.38
Dividend Yield
1.20%
Price Target
$51.14

Commercial Metals MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
6.3% Downside
$51.14 Price Target
Short Interest
Healthy
2.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.43mentions of Commercial Metals in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$7.80 M Sold Last Quarter
Proj. Earnings Growth
-29.71%
From $7.64 to $5.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

Basic Materials Sector

102nd out of 162 stocks

Blast Furnaces & Steel Mills Industry

7th out of 14 stocks


CMC stock logo

About Commercial Metals (NYSE:CMC) Stock

Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.

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CMC Stock News Headlines

Brokerages Set Commercial Metals (NYSE:CMC) PT at $51.14
StockNews.com Upgrades Commercial Metals (NYSE:CMC) to "Buy"
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Commercial Metals Declares Quarterly Dividend of $0.16 (NYSE:CMC)
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Reliance Steel (RS) Up 12% in 3 Months: What's Driving It?
Air Products (APD) Shares Up 14% in 3 Months: Here's Why
Hecla Mining (HL) Q3 Earnings Beat Estimates, Revenues Lag
Cabot's (CBT) Earnings and Sales Surpass Estimates in Q4
Nutrien's (NTR) Earnings and Revenues Lag Estimates in Q3
See More Headlines
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CMC Company Calendar

Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Last Earnings
1/09/2023
Ex-Dividend for 2/2 Dividend
1/18/2023
Today
1/26/2023
Dividend Payable
2/02/2023
Next Earnings (Estimated)
3/16/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
12,483
Year Founded
1915

Price Target and Rating

Average Stock Price Forecast
$51.14
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
-7.3%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$1.22 billion
Pretax Margin
17.38%

Debt

Sales & Book Value

Annual Sales
$8.91 billion
Cash Flow
$10.45 per share
Book Value
$30.54 per share

Miscellaneous

Free Float
115,950,000
Market Cap
$6.47 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives

  • Barbara R. SmithBarbara R. Smith
    Chairman, President & Chief Executive Officer
  • Ty GarrisonTy Garrison
    Senior Vice President-Operations
  • Paul James Lawrence
    Chief Financial Officer & Senior Vice President
  • Jennifer J. Durbin
    Chief Human Resources Officer & Vice President
  • Jody K. Absher
    Secretary, Chief Legal Officer & Vice President













CMC Stock - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price forecast for 2023?

7 analysts have issued 12-month target prices for Commercial Metals' shares. Their CMC share price forecasts range from $39.00 to $57.00. On average, they expect the company's share price to reach $51.14 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for CMC
or view top-rated stocks among Wall Street analysts.

How have CMC shares performed in 2023?

Commercial Metals' stock was trading at $48.30 at the beginning of the year. Since then, CMC stock has increased by 10.2% and is now trading at $53.21.
View the best growth stocks for 2023 here
.

When is Commercial Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our CMC earnings forecast
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its quarterly earnings data on Monday, January, 9th. The basic materials company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.25. The basic materials company earned $2.23 billion during the quarter, compared to analysts' expectations of $2.16 billion. Commercial Metals had a net margin of 13.61% and a trailing twelve-month return on equity of 33.19%.

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

Commercial Metals declared a quarterly dividend on Thursday, January 5th. Investors of record on Thursday, January 19th will be paid a dividend of $0.16 per share on Thursday, February 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, January 18th.
Read our dividend analysis for CMC
.

Is Commercial Metals a good dividend stock?

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.24%. 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 6.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 11.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

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 the company's 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 many different retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.33%), Assenagon Asset Management S.A. (0.27%), ARS Investment Partners LLC (0.21%), Wedge Capital Management L L P NC (0.12%), CHURCHILL MANAGEMENT Corp (0.09%) and National Bank of Canada FI (0.09%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Tracy L Porter and Ty L Garrison.
View institutional ownership trends
.

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 $53.21.

How much money does Commercial Metals make?

Commercial Metals (NYSE:CMC) has a market capitalization of $6.24 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 $10.26 on an earnings per share basis.

How many employees does Commercial Metals have?

The company employs 12,483 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
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 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.

This page (NYSE:CMC) was last updated on 1/26/2023 by MarketBeat.com Staff