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NYSE:CMCCommercial Metals Stock Price, Forecast & News

$17.14
+0.94 (+5.80 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$16.65
Now: $17.14
$17.29
50-Day Range
$14.35
MA: $15.86
$17.56
52-Week Range
$10.76
Now: $17.14
$24.04
Volume103,074 shs
Average Volume1.31 million shs
Market Capitalization$2.04 billion
P/E Ratio6.57
Dividend Yield2.96%
Beta1.41
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. The Americas Mills segment manufactures finished long steel products, including reinforcing bars (rebars), merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products primarily to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
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Commercial Metals logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


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$2.98 per share
Book Value$13.77 per share

Profitability

Net Income$198.09 million

Miscellaneous

Employees11,524
Market Cap$2.04 billion
Next Earnings Date6/18/2020 (Confirmed)
OptionableOptionable

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Commercial Metals (NYSE:CMC) Frequently Asked Questions

How has Commercial Metals' stock been impacted by COVID-19 (Coronavirus)?

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMC shares have increased by 14.4% and is now trading at $17.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Commercial Metals?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Commercial Metals.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Thursday, June 18th 2020. View our earnings forecast for Commercial Metals.

How can I listen to Commercial Metals' earnings call?

Commercial Metals will be holding an earnings conference call on Thursday, June 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its quarterly earnings results on Thursday, March, 19th. The basic materials company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The basic materials company earned $1.34 billion during the quarter, compared to analysts' expectations of $1.36 billion. Commercial Metals had a return on equity of 19.41% and a net margin of 5.30%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. View Commercial Metals' earnings history.

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

Commercial Metals announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Monday, April 6th will be paid a dividend of $0.12 per share on Monday, April 20th. This represents a $0.48 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, April 3rd. View Commercial Metals' dividend history.

What price target have analysts set for CMC?

8 brokers have issued 1-year price targets for Commercial Metals' stock. Their forecasts range from $15.00 to $25.00. On average, they anticipate Commercial Metals' stock price to reach $21.71 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View analysts' price targets for Commercial Metals.

Has Commercial Metals been receiving favorable news coverage?

Media coverage about CMC stock has trended extremely negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Commercial Metals earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCommercial Metals.

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), Verizon Communications (VZ), Advanced Micro Devices (AMD), Alibaba Group (BABA), AbbVie (ABBV), Cisco Systems (CSCO), Caterpillar (CAT), Intel (INTC), Procter & Gamble (PG) and Micron Technology (MU).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the following 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)

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. (11.56%), State Street Corp (4.00%), AQR Capital Management LLC (2.07%), Fuller & Thaler Asset Management Inc. (1.98%), JPMorgan Chase & Co. (1.90%) and Nuveen Asset Management LLC (1.58%). View institutional ownership trends for Commercial Metals.

Which major investors are selling Commercial Metals stock?

CMC stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Morgan Stanley, Hodges Capital Management Inc., Nuveen Asset Management LLC, State Street Corp, Clearbridge Investments LLC, Wellington Management Group LLP, and South Dakota Investment Council. View insider buying and selling activity for Commercial Metals.

Which major investors are buying Commercial Metals stock?

CMC stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, JPMorgan Chase & Co., Fuller & Thaler Asset Management Inc., Robeco Institutional Asset Management B.V., AJO LP, Scopus Asset Management L.P., Foundry Partners LLC, and Wetherby Asset Management Inc.. View insider buying and selling activity 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 $17.14.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.04 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.

What is Commercial Metals' official website?

The official website for Commercial Metals is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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