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NYSE:CMC - Commercial Metals Stock Price, Forecast & News

$20.80
-0.33 (-1.56 %)
(As of 02/17/2020 09:15 AM ET)
Today's Range
$20.73
Now: $20.80
$21.16
50-Day Range
$20.44
MA: $21.77
$23.17
52-Week Range
$13.27
Now: $20.80
$24.04
Volume574,875 shs
Average Volume1.44 million shs
Market Capitalization$2.47 billion
P/E Ratio9.45
Dividend Yield2.31%
Beta1.77
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. Read More…

Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
CUSIP20172310
Phone214-689-4300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.83 billion
Cash Flow$2.81 per share
Book Value$13.77 per share

Profitability

Net Income$198.09 million

Miscellaneous

Employees11,524
Market Cap$2.47 billion
Next Earnings Date3/19/2020 (Estimated)
OptionableOptionable

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Commercial Metals (NYSE:CMC) Frequently Asked Questions

What is Commercial Metals' stock symbol?

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

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

Commercial Metals announced a quarterly dividend on Thursday, January 2nd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.12 per share on Thursday, January 30th. This represents a $0.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, January 14th. View Commercial Metals' Dividend History.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) posted its quarterly earnings data on Monday, January, 6th. The basic materials company reported $0.73 EPS for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.19. The basic materials company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. Commercial Metals had a net margin of 4.41% and a return on equity of 18.40%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. View Commercial Metals' Earnings History.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Commercial Metals.

What price target have analysts set for CMC?

9 brokerages have issued 1-year price objectives for Commercial Metals' shares. Their forecasts range from $15.00 to $25.00. On average, they anticipate Commercial Metals' share price to reach $19.61 in the next year. This suggests that the stock has a possible downside of 5.7%. View Analyst Price Targets for Commercial Metals.

What is the consensus analysts' recommendation for Commercial Metals?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Commercial Metals.

Has Commercial Metals been receiving favorable news coverage?

Media headlines about CMC stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Commercial Metals earned a news impact score of 1.8 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Commercial Metals.

Are investors shorting Commercial Metals?

Commercial Metals saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,450,000 shares, an increase of 13.3% from the January 15th total of 7,460,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 7.2% of the shares of the stock are sold short. 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 Alibaba Group (BABA), Verizon Communications (VZ), Cisco Systems (CSCO), Advanced Micro Devices (AMD), General Electric (GE), Exxon Mobil (XOM), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV) and Bank of America (BAC).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the folowing 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)

Who are Commercial Metals' major shareholders?

Commercial Metals' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (4.25%), FMR LLC (3.18%), Goldman Sachs Group Inc. (2.33%), Bank of New York Mellon Corp (1.51%), Hodges Capital Management Inc. (1.45%) and Snow Capital Management LP (0.80%). Company insiders that own Commercial Metals stock include Adam R Hickey and Mary A Lindsey. 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 Snow Capital Management LP, Citigroup Inc., Hodges Capital Management Inc., Credit Suisse AG, Russell Investments Group Ltd., Ceredex Value Advisors LLC, Bank of New York Mellon Corp and Bank of America Corp DE. View Insider Buying and Selling 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 FMR LLC, Goldman Sachs Group Inc., Public Sector Pension Investment Board, Barclays PLC, Prudential Financial Inc., Regis Management CO LLC, Scopus Asset Management L.P. and Cipher Capital LP. View Insider Buying and Selling 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 $20.80.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.47 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.View Additional Information About Commercial Metals.

What is Commercial Metals' official website?

The official website for Commercial Metals is http://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]


MarketBeat Community Rating for Commercial Metals (NYSE CMC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  290 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  734
MarketBeat's community ratings are surveys of what our community members think about Commercial Metals and other stocks. Vote "Outperform" if you believe CMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/17/2020 by MarketBeat.com Staff

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