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NYSE:CMC

Commercial Metals (CMC) Stock Price, News & Analysis

Commercial Metals logo
$50.27 +0.74 (+1.49%)
(As of 12/20/2024 05:30 PM ET)

About Commercial Metals Stock (NYSE:CMC)

Key Stats

Today's Range
$48.43
$50.68
50-Day Range
$49.53
$63.32
52-Week Range
$47.42
$64.53
Volume
3.11 million shs
Average Volume
873,590 shs
Market Capitalization
$5.73 billion
P/E Ratio
12.14
Dividend Yield
1.43%
Price Target
$65.33
Consensus Rating
Hold

Company Overview

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.

Commercial Metals Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

CMC MarketRank™: 

Commercial Metals scored higher than 99% of companies evaluated by MarketBeat, and ranked 10th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Commercial Metals has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Commercial Metals has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Commercial Metals' stock forecast and price target.
  • Earnings Growth

    Earnings for Commercial Metals are expected to grow by 26.06% in the coming year, from $4.26 to $5.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Commercial Metals is 12.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Commercial Metals is 12.14, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.90.

  • Price to Earnings Growth Ratio

    Commercial Metals has a PEG Ratio of 2.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Commercial Metals has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.82% of the float of Commercial Metals has been sold short.
  • Short Interest Ratio / Days to Cover

    Commercial Metals has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Commercial Metals has recently decreased by 2.75%, indicating that investor sentiment is improving.
  • Dividend Yield

    Commercial Metals pays a meaningful dividend of 1.33%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Commercial Metals does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Commercial Metals is 17.39%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 13.41% next year. This indicates that Commercial Metals will be able to sustain or increase its dividend.

  • Read more about Commercial Metals' dividend.
  • Percentage of Shares Shorted

    2.82% of the float of Commercial Metals has been sold short.
  • Short Interest Ratio / Days to Cover

    Commercial Metals has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Commercial Metals has recently decreased by 2.75%, indicating that investor sentiment is improving.
  • News Sentiment

    Commercial Metals has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Commercial Metals this week, compared to 5 articles on an average week.
  • Search Interest

    Only 3 people have searched for CMC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Commercial Metals to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Commercial Metals insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.46% of the stock of Commercial Metals is held by insiders.

  • Percentage Held by Institutions

    86.90% of the stock of Commercial Metals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Commercial Metals' insider trading history.
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CMC Stock News Headlines

UBS Group Reaffirms Sell Rating for Commercial Metals (NYSE:CMC)
Analysts Set Commercial Metals (NYSE:CMC) PT at $67.20
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UBS Downgrades Commercial Metals (CMC)
CMC Publishes 2024 Sustainability Report
See More Headlines

CMC Stock Analysis - Frequently Asked Questions

Commercial Metals' stock was trading at $50.04 at the beginning of the year. Since then, CMC stock has increased by 0.5% and is now trading at $50.27.
View the best growth stocks for 2024 here
.

Commercial Metals (NYSE:CMC) issued its quarterly earnings results on Thursday, October, 17th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by $0.01. The basic materials company earned $2 billion during the quarter, compared to analyst estimates of $2.07 billion. Commercial Metals had a trailing twelve-month return on equity of 12.20% and a net margin of 6.13%.

Commercial Metals subsidiaries include these companies: Tensar Corporation, Continental Concrete Structures, GAM Steel Pty Ltd, Reinforcing Post-Tensioning Services, ABC Coating Company, Nike S.A., CMC Sisak, and others.

Commercial Metals' top institutional investors include State Street Corp (5.12%), FMR LLC (3.98%), Geode Capital Management LLC (2.49%) and Victory Capital Management Inc. (1.91%). Insiders that own company stock include Ty L Garrison, Peter R Matt, Barbara Smith, Lindsay L Sloan, John R Mcpherson and Stephen William Simpson.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Commercial Metals investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Last Earnings
10/17/2024
Ex-Dividend for 11/14 Dividend
10/31/2024
Dividend Payable
11/14/2024
Today
12/21/2024
Fiscal Year End
8/31/2025

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
20172310
Employees
13,178
Year Founded
1915

Price Target and Rating

Average Stock Price Target
$65.33
High Stock Price Target
$75.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+30.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$485.49 million
Pretax Margin
8.02%

Debt

Sales & Book Value

Annual Sales
$7.93 billion
Cash Flow
$5.43 per share
Book Value
$37.39 per share

Miscellaneous

Free Float
113,499,000
Market Cap
$5.73 billion
Optionable
Optionable
Beta
1.15

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This page (NYSE:CMC) was last updated on 12/21/2024 by MarketBeat.com Staff
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