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NYSE:CMC

Commercial Metals (CMC) Stock Price, News & Analysis

$49.81
-0.23 (-0.46%)
(As of 09/6/2024 ET)
Today's Range
$49.32
$50.76
50-Day Range
$49.82
$60.35
52-Week Range
$39.85
$61.26
Volume
682,035 shs
Average Volume
860,128 shs
Market Capitalization
$5.73 billion
P/E Ratio
10.38
Dividend Yield
1.45%
Price Target
$61.40

Commercial Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
23.3% Upside
$61.40 Price Target
Short Interest
Healthy
2.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
1.02mentions of Commercial Metals in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.40%
From $4.53 to $5.59 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.

4.61 out of 5 stars

Basic Materials Sector

25th out of 180 stocks

Blast Furnaces & Steel Mills Industry

4th 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

Zacks Research Comments on Commercial Metals' FY2025 Earnings (NYSE:CMC)
Commercial Metals (NYSE:CMC) Now Covered by Jefferies Financial Group
What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
CMC Aug 2024 65.000 put (CMC240816P00065000)
Search Results for "CMC":
What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTS
See More Headlines
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Company Calendar

Last Earnings
6/20/2024
Ex-Dividend for 7/10 Dividend
7/01/2024
Dividend Payable
7/10/2024
Today
9/07/2024
Next Earnings (Estimated)
10/10/2024
Fiscal Year End
8/31/2025

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
$61.40
High Stock Price Target
$69.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+23.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$859.76 million
Pretax Margin
9.09%

Debt

Sales & Book Value

Annual Sales
$8.14 billion
Cash Flow
$8.72 per share
Book Value
$35.29 per share

Miscellaneous

Free Float
113,842,000
Market Cap
$5.73 billion
Optionable
Optionable
Beta
1.17

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Key Executives


CMC Stock Analysis - Frequently Asked Questions

How have CMC shares performed this year?

Commercial Metals' stock was trading at $50.04 at the beginning of 2024. Since then, CMC stock has decreased by 0.5% and is now trading at $49.81.
View the best growth stocks for 2024 here
.

How were Commercial Metals' earnings last quarter?

Commercial Metals (NYSE:CMC) released its quarterly earnings data on Thursday, June, 20th. The basic materials company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The business's revenue was down 11.4% on a year-over-year basis.

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.

Does Commercial Metals have any subsidiaries?

The following companies are subsidiaries of Commercial Metals: Tensar Corporation, Continental Concrete Structures, GAM Steel Pty Ltd, Reinforcing Post-Tensioning Services, ABC Coating Company, Nike S.A., CMC Sisak, and more.

Who are Commercial Metals' major shareholders?

Commercial Metals' top institutional shareholders include Dimensional Fund Advisors LP (6.39%), Victory Capital Management Inc. (1.86%), Principal Financial Group Inc. (1.48%) and Bank of New York Mellon Corp (1.13%). Insiders that own company stock include Ty L Garrison, Peter R Matt, Barbara Smith, Lindsay L Sloan, John R Mcpherson, Stephen William Simpson, Tracy L Porter and Gary E Mccullough.
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.

What other stocks do shareholders of Commercial Metals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Commercial Metals investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Ford Motor (F), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA) and Cisco Systems (CSCO).

This page (NYSE:CMC) was last updated on 9/7/2024 by MarketBeat.com Staff

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