S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"The Bull Market Is Officially OVER"  (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Could trawler cams help save world's dwindling fish stocks?
The single greatest medical breakthrough of all time? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Closing prices for crude oil, gold and other commodities
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"The Bull Market Is Officially OVER"  (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Could trawler cams help save world's dwindling fish stocks?
The single greatest medical breakthrough of all time? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Closing prices for crude oil, gold and other commodities
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"The Bull Market Is Officially OVER"  (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Could trawler cams help save world's dwindling fish stocks?
The single greatest medical breakthrough of all time? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Closing prices for crude oil, gold and other commodities
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"The Bull Market Is Officially OVER"  (Ad)pixel
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"The Bull Market Is Officially OVER"  (Ad)pixel
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Could trawler cams help save world's dwindling fish stocks?
The single greatest medical breakthrough of all time? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Closing prices for crude oil, gold and other commodities
NYSE:CMC

Commercial Metals - CMC Stock Forecast, Price & News

$49.27
-0.47 (-0.94%)
(As of 12/7/2022 12:00 AM ET)
Add
Compare
Today's Range
$49.01
$50.83
50-Day Range
$35.48
$49.74
52-Week Range
$31.23
$50.83
Volume
1.17 million shs
Average Volume
1.08 million shs
Market Capitalization
$5.78 billion
P/E Ratio
4.95
Dividend Yield
1.29%
Price Target
$44.63

Commercial Metals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.4% Downside
$44.63 Price Target
Short Interest
Healthy
2.70% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.20mentions of Commercial Metals in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.25 M Sold Last Quarter
Proj. Earnings Growth
-41.61%
From $6.85 to $4.00 Per Share

Overall MarketRank

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

1.95 out of 5 stars

Basic Materials Sector

110th out of 164 stocks

Blast Furnaces & Steel Mills Industry

10th out of 12 stocks

CMC stock logo

About Commercial Metals (NYSE:CMC) Stock

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous 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. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

Receive CMC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Commercial Metals and its competitors with MarketBeat's FREE daily newsletter.

CMC Stock News Headlines

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
8-K: COMMERCIAL METALS Co
See More Headlines
Receive CMC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Commercial Metals and its competitors with MarketBeat's FREE daily newsletter.

CMC Company Calendar

Last Earnings
10/13/2022
Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Today
12/08/2022
Next Earnings (Estimated)
1/09/2023
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
$44.63
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
-9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$1.22 billion
Pretax Margin
17.00%

Debt

Sales & Book Value

Annual Sales
$8.91 billion
Cash Flow
$9.78 per share
Book Value
$27.27 per share

Miscellaneous

Free Float
115,950,000
Market Cap
$5.78 billion
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • Ms. Barbara R. Smith CPAMs. Barbara R. Smith CPA (Age 63)
    Chairman, Pres & CEO
    Comp: $4.2M
  • Mr. Paul J. Lawrence (Age 52)
    Sr. VP & CFO
    Comp: $1.52M
  • Ms. Jody K. Absher (Age 44)
    VP, Chief Legal Officer & Sec.
    Comp: $930.59k
  • Ms. Jennifer J. Durbin (Age 40)
    VP & Chief HR Officer
    Comp: $920.96k
  • Mr. Tracy L. PorterMr. Tracy L. Porter (Age 65)
    Exec. VP
    Comp: $2.39M
  • Mr. Ty L. GarrisonMr. Ty L. Garrison (Age 50)
    Sr. VP of Operations
  • Ms. Lindsay L. SloanMs. Lindsay L. Sloan
    VP & Chief Accounting Officer
  • Mr. Billy Milligan
    VP of Sustainability & Gov. Affairs
  • Mr. Jerzy Kozicz
    Managing Director of CMC Poland
  • Mr. Brad Cottrell
    VP & Chief Supply Chain Officer













CMC Stock - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMC shares.
View CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price forecast for 2023?

8 brokers have issued 1-year price objectives for Commercial Metals' shares. Their CMC share price forecasts range from $37.00 to $54.00. On average, they predict the company's share price to reach $44.63 in the next twelve months. This suggests that the stock has a possible downside of 9.4%.
View analysts price targets for CMC
or view top-rated stocks among Wall Street analysts.

How have CMC shares performed in 2022?

Commercial Metals' stock was trading at $36.29 at the beginning of the year. Since then, CMC stock has increased by 35.8% and is now trading at $49.27.
View the best growth stocks for 2022 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 3,250,000 shares, a drop of 8.7% from the October 15th total of 3,560,000 shares. Based on an average daily volume of 979,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.8% of the shares of the stock are sold short.
View Commercial Metals' Short Interest
.

When is Commercial Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 9th 2023.
View our CMC earnings forecast
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) issued its quarterly earnings results on Thursday, October, 13th. The basic materials company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.22. The basic materials company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.38 billion. Commercial Metals had a trailing twelve-month return on equity of 34.01% and a net margin of 13.66%.

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

Commercial Metals declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Thursday, October 27th will be paid a dividend of $0.16 per share on Thursday, November 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, October 26th. This is an increase from the stock's previous quarterly dividend of $0.14.
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 1.29%. 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 6.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 16.00% 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.95%), Vanguard Group Inc. (10.65%), Dimensional Fund Advisors LP (6.52%), State Street Corp (4.73%), Fairholme Capital Management LLC (2.03%) and Bank of New York Mellon Corp (1.47%). 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 $49.27.

How much money does Commercial Metals make?

Commercial Metals (NYSE:CMC) has a market capitalization of $5.78 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 $9.96 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 12/8/2022 by MarketBeat.com Staff