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NYSE:CMC

Commercial Metals Stock Forecast, Price & News

$20.28
-0.63 (-3.01 %)
(As of 11/30/2020 11:27 AM ET)
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Compare
Today's Range
$20.26
Now: $20.28
$20.70
50-Day Range
$18.90
MA: $21.05
$23.22
52-Week Range
$10.76
Now: $20.28
$24.04
Volume16,473 shs
Average Volume1.41 million shs
Market Capitalization$2.43 billion
P/E Ratio8.70
Dividend Yield2.30%
Beta1.41
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, Germany, 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 rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling 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.
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Commercial Metals logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP20172310
Phone214-689-4300
Employees11,297

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.48 billion
Cash Flow$3.68 per share
Book Value$15.87 per share

Profitability

Net Income$279.50 million

Miscellaneous

Market Cap$2.43 billion
Next Earnings Date1/4/2021 (Estimated)
OptionableOptionable
$20.28
-0.63 (-3.01 %)
(As of 11/30/2020 11:27 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Commercial Metals (NYSE:CMC) Frequently Asked Questions

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

Commercial Metals' stock was trading at $14.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CMC shares have increased by 35.8% and is now trading at $20.34.
View which stocks have been most impacted by COVID-19
.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Commercial Metals
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Commercial Metals?

Wall Street analysts have given Commercial Metals a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Commercial Metals wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Commercial Metals' next earnings date?

Commercial Metals is scheduled to release its next quarterly earnings announcement on Monday, January 4th 2021.
View our earnings forecast for Commercial Metals
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) posted its quarterly earnings data on Thursday, October, 15th. The basic materials company reported $0.79 EPS for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.22. The basic materials company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.38 billion. Commercial Metals had a net margin of 5.10% and a return on equity of 17.74%. The business's revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 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, October 15th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.12 per share on Friday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, October 28th.
View Commercial Metals' dividend history
.

What price target have analysts set for CMC?

5 analysts have issued 12-month price objectives for Commercial Metals' shares. Their forecasts range from $22.00 to $25.00. On average, they anticipate Commercial Metals' share price to reach $23.50 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts' price targets for Commercial 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), 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).

Who are Commercial Metals' key executives?

Commercial Metals' management team includes the following people:
  • Ms. Barbara R. Smith CPA, Chairman, Pres & CEO (Age 61, Pay $3.23M)
  • Mr. Paul J. Lawrence, VP & CFO (Age 50, Pay $808.41k)
  • Mr. Tracy L. Porter, Exec. VP & COO (Age 63, Pay $1.94M)
  • Mr. Adam R. Hickey, VP & Chief Accounting Officer (Age 45)
  • Ms. Jody K. Absher, VP, Gen. Counsel & Corp. Sec. (Age 43)
  • Mr. Billy Milligan, VP of Marketing & Enterprise Support
  • Ms. Jennifer J. Durbin, VP of HR (Age 39)
  • Mr. Jerzy Kozicz, Managing Director of CMC Poland
  • Mr. Brad Cottrell, VP & Chief Supply Chain Officer
  • Mr. Ty Garrison, VP of East Region

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 investors include BlackRock Inc. (11.04%), State Street Corp (4.12%), Fuller & Thaler Asset Management Inc. (2.26%), AQR Capital Management LLC (2.15%), JPMorgan Chase & Co. (1.66%) and Hodges Capital Management Inc. (0.87%). Company insiders that own Commercial Metals stock include Mary A Lindsey and Tracy L Porter.
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 BlackRock Inc., Morgan Stanley, AQR Capital Management LLC, Fuller & Thaler Asset Management Inc., Hodges Capital Management Inc., Victory Capital Management Inc., Robeco Institutional Asset Management B.V., and JPMorgan Chase & Co..
View insider buying and selling activity for Commercial Metals
.

Which major investors are buying Commercial Metals stock?

CMC stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, First Dallas Securities Inc., Acadian Asset Management LLC, State Street Corp, Sei Investments Co., Assenagon Asset Management S.A., Brasada Capital Management LP, and Brasada Capital Management LP.
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 $20.34.

How big of a company is Commercial Metals?

Commercial Metals has a market capitalization of $2.44 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. Commercial Metals employs 11,297 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 11/30/2020 by MarketBeat.com Staff

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