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Commercial Metals (CMC) Stock Price, News & Analysis

$55.41
-0.43 (-0.77%)
(As of 05/28/2024 ET)
Today's Range
$54.82
$56.09
50-Day Range
$53.47
$59.01
52-Week Range
$39.85
$59.81
Volume
657,197 shs
Average Volume
912,377 shs
Market Capitalization
$6.41 billion
P/E Ratio
9.62
Dividend Yield
1.30%
Price Target
$57.67

Commercial Metals MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.1% Upside
$57.67 Price Target
Short Interest
Healthy
2.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
1.64mentions of Commercial Metals in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.07 M Sold Last Quarter
Proj. Earnings Growth
7.12%
From $5.34 to $5.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.76 out of 5 stars

Basic Materials Sector

42nd out of 169 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 12 stocks

CMC stock logo

About Commercial Metals Stock (NYSE:CMC)

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. 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 rebar 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.

CMC Stock Price History

CMC Stock News Headlines

Commercial Metals Company (CMC) Receives a Hold from KeyBanc
Q2 2024 Commercial Metals Co Earnings Call
CMC Reports Second Quarter Fiscal 2024 Results
Records in 2023 @ Campine 2.0
See More Headlines
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Company Calendar

Last Earnings
3/21/2024
Ex-Dividend for 4/10 Dividend
3/28/2024
Dividend Payable
4/10/2024
Today
5/28/2024
Next Earnings (Confirmed)
6/20/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
13,022
Year Founded
1915

Price Target and Rating

Average Stock Price Target
$57.67
High Stock Price Target
$65.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+4.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$859.76 million
Pretax Margin
10.58%

Debt

Sales & Book Value

Annual Sales
$8.80 billion
Cash Flow
$9.31 per share
Book Value
$35.29 per share

Miscellaneous

Free Float
114,551,000
Market Cap
$6.41 billion
Optionable
Optionable
Beta
1.35

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Key Executives


CMC Stock Analysis - Frequently Asked Questions

Should I buy or sell Commercial Metals stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CMC shares. 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 CMC analyst ratings
or view top-rated stocks.

What is Commercial Metals' stock price target for 2024?

3 brokers have issued 12-month price targets for Commercial Metals' shares. Their CMC share price targets range from $48.00 to $65.00. On average, they expect the company's stock price to reach $57.67 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts price targets for CMC
or view top-rated stocks among Wall Street analysts.

How have CMC shares performed in 2024?

Commercial Metals' stock was trading at $50.04 at the start of the year. Since then, CMC shares have increased by 10.7% and is now trading at $55.41.
View the best growth stocks for 2024 here
.

Are investors shorting Commercial Metals?

Commercial Metals saw a drop in short interest in April. As of April 30th, there was short interest totaling 2,600,000 shares, a drop of 6.1% from the April 15th total of 2,770,000 shares. Based on an average trading volume of 863,400 shares, the short-interest ratio is presently 3.0 days. Currently, 2.3% of the shares of the stock are short sold.
View Commercial Metals' Short Interest
.

When is Commercial Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
View our CMC earnings forecast
.

How can I listen to Commercial Metals' earnings call?

Commercial Metals will be holding an earnings conference call on Thursday, June 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) issued its quarterly earnings data on Thursday, March, 21st. The basic materials company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.93 by $0.05. The basic materials company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.80 billion. Commercial Metals had a trailing twelve-month return on equity of 17.72% and a net margin of 8.09%. Commercial Metals's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share.

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

Commercial Metals announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Monday, April 1st will be given a dividend of $0.18 per share on Wednesday, April 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, March 28th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for CMC
.

Is Commercial Metals a good dividend stock?

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.29%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 12.59% 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).

Who are Commercial Metals' major shareholders?

Commercial Metals' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.93%), Boston Partners (2.66%), Principal Financial Group Inc. (1.53%), Janus Henderson Group PLC (1.00%), William Blair Investment Management LLC (0.60%) and Wasatch Advisors LP (0.55%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Peter R Matt, Stephen William Simpson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:CMC) was last updated on 5/29/2024 by MarketBeat.com Staff

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