Commercial Metals Stock Forecast, Price & News

$31.80
+0.30 (+0.95 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$30.88
$31.89
50-Day Range
$29.58
$33.91
52-Week Range
$18.67
$34.02
Volume807,080 shs
Average Volume1.25 million shs
Market Capitalization$3.83 billion
P/E Ratio11.73
Dividend Yield1.52%
Beta1.3
30 days | 90 days | 365 days | Advanced Chart
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About Commercial Metals

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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MarketRank

Overall MarketRank

1.82 out of 5 stars

Basic Materials Sector

140th out of 915 stocks

Blast Furnaces & Steel Mills Industry

5th out of 24 stocks

Analyst Opinion: 0.9Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Commercial Metals (NYSE:CMC) Frequently Asked Questions

Is Commercial Metals a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 2 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street 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 increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,090,000 shares, an increase of 26.2% from the May 31st total of 3,240,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 4.0 days. Approximately 3.5% 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, October 21st 2021.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its quarterly earnings data on Wednesday, June, 16th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The basic materials company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Commercial Metals had a trailing twelve-month return on equity of 18.62% and a net margin of 5.38%. The company's revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share.
View Commercial Metals' earnings history
.

How has Commercial Metals' stock price 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. Since then, CMC stock has increased by 112.3% and is now trading at $31.80.
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 announced a quarterly dividend on Wednesday, June 16th. Investors of record on Wednesday, June 30th will be given a dividend of $0.12 per share on Wednesday, July 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, June 29th.
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 1.52%. Commercial Metals does not yet have a strong 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 16.44% 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?

9 Wall Street analysts have issued 1-year price targets for Commercial Metals' shares. Their forecasts range from $21.00 to $39.00. On average, they expect Commercial Metals' stock price to reach $26.50 in the next twelve months. This suggests that the stock has a possible downside of 16.7%.
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:
  • Barbara R. Smith, Chairman, President & Chief Executive Officer
  • Tracy L. Porter, Chief Operating Officer & Executive Vice President
  • Paul James Lawrence, Chief Financial Officer & Vice President
  • Adam R. Hickey, Chief Accounting Officer & Vice President
  • Jody K. Absher, Secretary, Vice President & General Counsel

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 variety of retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.64%), Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). 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 Hodges Capital Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
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 $31.80.

How much money does Commercial Metals make?

Commercial Metals has a market capitalization of $3.83 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.

Does Commercial Metals have any subsidiaries?

The following companies are subsidiares of Commercial Metals: ABC Coating Company, AHT Inc., ALLFORM, Brost Forming Supply - Assets, Bruhler Stahlhandel - Assets, 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., Conesco - Assets, Continental Concrete Structures, DamCo, Dunn Del Re Steel - Assets, E.L. Wills -Assets, Economy Steel, Fontana Steel, GAM Steel Pty Ltd, Hall-Hodges - Assets, Huta Zawiercie, J.L. Davidson -Assets, Juarez - Assets, Lofland Acquisition, Mayfield Salvage - Assets, Newell Recycling of San Antonio - Assets, Nicholas J. Bouras - Assets, 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., Rebar Services and Supply Company - Assets, Reinforcing Post-Tensioning Services, SMI Steel LLC, SMI-Owen Steel Company Inc., Sampson Steel Corporation - Assets, Southmet, Steel Products de Mexico S.A. de C.V., Structural Metals Inc., Suncoast Steel, Symons Corporation, TAMCO, and Yonack Iron & Metal - Assets.

When was Commercial Metals founded?

Commercial Metals was founded in 1915.

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 7/28/2021 by MarketBeat.com Staff
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