About Commercial Metals (NYSE:CMC)
Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds. Its Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar. Its International Mill segment consists of its mill, recycling and fabrication operations located in Poland. Its International Marketing and Distribution segment includes international operations for the sales, distribution and processing of primary and secondary metals, fabricated metals, semi-finished, long and flat steel products, and other industrial products.
Industry, Sector and Symbol
Trailing P/E Ratio46
Forward P/E Ratio17.13
Sales & Book Value
Annual Sales$4.57 billion
Price / Sales0.63
Cash Flow$1.59 per share
Price / Cash15.66
Book Value$12.30 per share
Price / Book2.02
Net Income$46.33 million
Return on Equity8.08%
Return on Assets3.69%
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 declared a quarterly dividend on Tuesday, January 2nd. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.12 per share on Wednesday, January 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, January 12th. View Commercial Metals' Dividend History.
How were Commercial Metals' earnings last quarter?
Commercial Metals (NYSE:CMC) announced its earnings results on Thursday, October, 26th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by $0.13. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. View Commercial Metals' Earnings History.
When will Commercial Metals make its next earnings announcement?
Where is Commercial Metals' stock going? Where will Commercial Metals' stock price be in 2018?
7 analysts have issued 1-year price objectives for Commercial Metals' stock. Their forecasts range from $16.00 to $26.00. On average, they anticipate Commercial Metals' share price to reach $21.57 in the next twelve months. View Analyst Ratings for Commercial Metals.
What are Wall Street analysts saying about Commercial Metals stock?
Here are some recent quotes from research analysts about Commercial Metals stock:
- 1. According to Zacks Investment Research, "Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including four electric arc furnace (EAF) mini mills, an EAF Micro mill, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets. CMC is an efficient, high quality, low-cost producer. CMC has a high degree of vertical integration and is organized into two business units: CMC Americas and CMC International. " (12/28/2017)
- 2. Clarkson Capital analysts commented, "We are upgrading shares of CMC to Neutral from Sell and raising our price target to $18 (from $16) ahead of a rebar trade case ruling that could come next week. Together, the three named countries made up ~1.7 mm of the ~1.9 mm tons of rebar imported into the U.S. in 2016. We estimate the market for rebar production in the U.S. at roughly 6 mm tons, meaning that a successful ruling could eliminate roughly 20% of the rebar supply that was available for 2016. Thus, high import duties stand to have a significant impact on the supply demand balance for rebar in the short run, although longer-term we think the consolidated nature of the filing makes the market particularly susceptible toreplacement tonnage from other countries. In addition, while we believe Street EBITDA estimates (for 2018 in particular) are too high, and that they must be pricing in an affirmative outcome already, we are still mindful of the sharp squeezes in the steel space of late and think an upgrade to Neutral is prudent." (2/15/2017)
Who are some of Commercial Metals' key competitors?
Some companies that are related to Commercial Metals include Companhia Siderurgica Nacional (SID), Cleveland-Cliffs (CLF), Carpenter Technology (CRS), Grupo Simec SAB de CV (SIM), Gibraltar Industries (ROCK), Mechel PAO (MTL), SunCoke Energy Partners (SXCP), SunCoke Energy (SXC), Dmc Global (BOOM), Olympic Steel (ZEUS), L.B. Foster (FSTR), Northwest Pipe (NWPX), Synalloy (SYNL) and Bushveld Minerals (BMN).
Who are Commercial Metals' key executives?
Commercial Metals' management team includes the folowing people:
- Barbara R. Smith CPA, Chairman of the Board, President, Chief Executive Officer (Age 58)
- Mary A. Lindsey, Chief Financial Officer, Senior Vice President (Age 62)
- Tracy L. Porter, Executive Vice President - CMC Operations (Age 60)
- Adam R. Hickey, Chief Accounting Officer, Vice President (Age 42)
- Paul J. Lawrence, Vice President - Finance Planning and Analysis, Treasurer (Age 47)
- Paul K. Kirkpatrick, Vice President, General Counsel, Corporate Secretary (Age 46)
- Richard B. Kelson, Lead Independent Director (Age 70)
- Vicki L. Avril, Independent Director (Age 63)
- Rhys J. Best, Independent Director (Age 71)
- Rick J. Mills, Independent Director (Age 70)
Who owns Commercial Metals stock?
Commercial Metals' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Schwab Charles Investment Management Inc. (0.60%), Bank of Montreal Can (0.07%) and Hudson Valley Investment Advisors Inc. ADV (0.02%). Company insiders that own Commercial Metals stock include Adam B Batchelor, Adam R Hickey, Anthony A Massaro, Barbara Smith, Carey J Dubois, Joseph Alvarado, Melvin Ross Angeltvedt, Paul K Kirkpatrick, Terry P Hatten and Tracy L Porter. View Institutional Ownership Trends for Commercial Metals.
Who sold Commercial Metals stock? Who is selling Commercial Metals stock?
Who bought Commercial Metals stock? Who is buying Commercial Metals stock?
How do I buy Commercial Metals stock?
Shares of Commercial Metals 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, Scottrade, Fidelity and Charles Schwab.
What is Commercial Metals' stock price today?
One share of Commercial Metals stock can currently be purchased for approximately $24.84.
How big of a company is Commercial Metals?
Commercial Metals has a market capitalization of $2.90 billion and generates $4.57 billion in revenue each year. The basic materials company earns $46.33 million in net income (profit) each year or $0.54 on an earnings per share basis. Commercial Metals employs 8,797 workers across the globe.
How can I contact Commercial Metals?
Commercial Metals' mailing address is 6565 N Macarthur Blvd Ste 800, PO Box 1046, IRVING, TX 75039, United States. The basic materials company can be reached via phone at +1-214-6894300 or via email at [email protected]
MarketBeat Community Rating for Commercial Metals (CMC)MarketBeat's community ratings are surveys of what our community members think about Commercial Metals and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Commercial Metals (NYSE:CMC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.43||2.43||2.25||2.25|
|Ratings Breakdown: ||2 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$21.57||$21.57||$20.63||$21.57|
|Price Target Upside: ||7.75% upside||7.75% upside||0.61% upside||17.17% upside|
Commercial Metals (NYSE:CMC) Consensus Price Target History
Commercial Metals (NYSE:CMC) Analyst Ratings History
(Data available from 1/18/2016 forward)
Commercial Metals (NYSE:CMC) Earnings History and Estimates Chart
Commercial Metals (NYSE CMC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/3/2018||Q1 2018||$0.17||$0.31||$1.18 billion||$1.24 billion||View||Listen|
|6/22/2017||Q3 2017||$0.23||$0.34||$1.34 billion||$1.38 billion||View||N/A|
|3/23/2017||Q2 2017||$0.12||$0.25||$1.12 billion||$1.15 billion||View||N/A|
|1/9/2017||Q117||$0.17||$0.10||$1.14 billion||$1.08 billion||View||Listen|
|10/27/2016||Q416||$0.30||$0.01||$1.24 billion||$1.20 billion||View||Listen|
|6/23/2016||Q316||$0.25||$0.30||$1.17 billion||$1.23 billion||View||Listen|
|3/24/2016||Q216||$0.13||$0.15||$1.11 billion||$1.02 billion||View||N/A|
|1/5/2016||Q116||$0.30||$0.22||$1.26 billion||$1.15 billion||View||N/A|
|10/28/2015||Q4||$0.43||$0.25||$1.56 billion||$1.41 billion||View||Listen|
|6/25/2015||Q315||$0.39||$0.58||$1.58 billion||$1.51 billion||View||Listen|
|3/26/2015||Q215||$0.19||$0.52||$1.64 billion||$1.40 billion||View||N/A|
|1/6/2015||Q115||$0.25||$0.32||$1.78 billion||$1.70 billion||View||N/A|
|10/29/2014||Q414||$0.24||$0.29||$1.82 million||$1.90 million||View||N/A|
|6/27/2014||Q314||$0.30||$0.20||$1.85 billion||$1.80 billion||View||N/A|
|3/27/2014||Q214||$0.11||$0.12||$1.70 billion||$1.65 billion||View||N/A|
|1/7/2014||Q1||$0.25||$0.26||$1.76 billion||$1.70 billion||View||Listen|
|10/23/2013||Q413||$0.18||$0.19||$1.84 billion||$1.70 billion||View||N/A|
|6/27/2013||Q3 2013||$0.21||$0.16||$1.95 billion||$1.80 billion||View||N/A|
|3/28/2013||Q2 2013||$18.23||$16.30||$1.86 billion||$1.73 billion||View||Listen|
|1/7/2013||Q1 2013||$0.17||$0.42||$1.89 billion||$1.80 billion||View||N/A|
|12/21/2010||$0.01||$0.01||$1.75 billion||$1.78 billion||View||N/A|
Commercial Metals (NYSE:CMC) Earnings Estimates
2018 EPS Consensus Estimate: $1.42
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Commercial Metals (NYSE:CMC) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||88.89% (Trailing 12 Months of Earnings) |
33.10% (Based on This Year's Estimates)
24.12% (Based on Next Year's Estimates)
Commercial Metals (NYSE:CMC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Commercial Metals (NYSE CMC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 88.55%
Commercial Metals (NYSE CMC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|7/26/2017||Melvin Ross Angeltvedt||Director||Buy||15,000||$0.13||$1,950.00|
|1/25/2017||Adam R Hickey||VP||Sell||2,085||$20.85||$43,472.25||30,835|| |
|11/11/2016||Adam B Batchelor||VP||Sell||5,372||$20.37||$109,427.64||21,852|| |
|11/11/2016||Anthony A Massaro||Director||Sell||2,421||$20.52||$49,678.92||69,398|| |
|7/5/2016||Anthony A Massaro||Director||Sell||2,367||$16.36||$38,724.12||69,252|| |
|5/13/2016||Adam R Hickey||VP||Sell||5,000||$17.00||$85,000.00||27,885|| |
|4/22/2016||Paul K Kirkpatrick||VP||Sell||2,500||$18.20||$45,500.00||43,481|| |
|4/20/2016||Tracy L Porter||SVP||Sell||9,760||$18.16||$177,241.60||1,210|| |
|4/19/2016||Joseph Alvarado||Chairman||Sell||40,571||$18.21||$738,797.91||718,279|| |
|4/19/2016||Terry P Hatten||VP||Sell||5,621||$18.28||$102,751.88||51,464|| |
|4/18/2016||Carey J Dubois||VP||Sell||1,129||$18.07||$20,401.03||26,614|| |
|4/14/2016||Carey J Dubois||VP||Sell||14,534||$17.69||$257,106.46||26,614|| |
|4/13/2016||Joseph Alvarado||Chairman||Sell||25,000||$18.01||$450,250.00||629,742|| |
|4/11/2016||Adam B Batchelor||VP||Sell||3,319||$17.03||$56,522.57||18,684|| |
|4/4/2016||Barbara Smith||COO||Sell||4,465||$17.19||$76,753.35||200,019|| |
|2/1/2016||Tracy L Porter||SVP||Sell||5,330||$13.58||$72,381.40||5,675|| |
|1/26/2015||Adam R Hickey||VP||Buy||1,000||$13.15||$13,150.00|| |
|1/26/2015||Rhys J Best||Director||Buy||7,500||$13.23||$99,225.00|| |
|1/20/2015||Robert L Guido||Director||Buy||10,000||$13.08||$130,800.00|| |
|1/8/2015||Barbara Smith||CFO||Buy||1,000||$14.45||$14,450.00|| |
|1/8/2015||Joseph Alvarado||Chairman||Buy||2,000||$14.55||$29,100.00|| |
|11/3/2014||Rhys J Best||Director||Buy||5,000||$16.83||$84,150.00|| |
|8/15/2014||Adam B Batchelor||VP||Sell||1,100||$17.31||$19,041.00|| |
|5/16/2014||Barbara Smith||CFO||Sell||4,808||$18.91||$90,919.28||80,340|| |
|2/13/2014||Anthony Massaro||Director||Sell||6,024||$19.75||$118,974.00||39,503|| |
|10/30/2013||Ann J Bruder||SVP||Sell||12,590||$18.49||$232,789.10|| |
|7/8/2013||Tracy L Porter||VP||Sell||6,611||$14.52||$95,991.72|| |
|12/31/2012||Rick J Mills||Director||Buy||3,617||$14.86||$53,748.62|| |
|11/13/2012||Rhys J Best||Director||Buy||5,000||$13.45||$67,250.00|| |
|10/1/2012||Joseph C Winkler||Director||Buy||2,084||$13.19||$27,487.96|| |
Commercial Metals (NYSE CMC) News Headlines
Commercial Metals (NYSE:CMC) SEC Filings
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Commercial Metals (NYSE:CMC) Income Statement, Balance Sheet and Cash Flow Statement
Commercial Metals (NYSE CMC) Stock Chart for Thursday, January, 18, 2018