Wall Street brokerages expect Commercial Metals Company (NYSE:CMC) to announce earnings per share of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Commercial Metals’ earnings. The highest EPS estimate is $0.35 and the lowest is $0.18. Commercial Metals posted earnings per share of $0.22 during the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The firm is scheduled to report its next earnings results on Thursday, October 26th.

On average, analysts expect that Commercial Metals will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.98. For the next year, analysts expect that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.24 to $1.77. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Commercial Metals.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, June 22nd. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Commercial Metals had a return on equity of 7.84% and a net margin of 1.57%. Commercial Metals’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share.

CMC has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Commercial Metals in a report on Wednesday, April 19th. Bank of America Corporation lowered shares of Commercial Metals from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $21.00 to $19.00 in a report on Thursday, June 8th. Citigroup Inc. upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $22.00 in a report on Tuesday, June 13th. BidaskClub upgraded shares of Commercial Metals from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.75.

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Commercial Metals (NYSE CMC) opened at 17.92 on Wednesday. The company has a 50-day moving average price of $19.28 and a 200 day moving average price of $19.26. Commercial Metals has a 12-month low of $14.57 and a 12-month high of $24.64. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 27.70 and a beta of 1.22.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, July 3rd. Commercial Metals’s payout ratio is 73.85%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Koch Industries Inc. purchased a new position in Commercial Metals during the second quarter worth about $270,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of Commercial Metals during the second quarter worth $2,463,000. Sterling Capital Management LLC raised its stake in shares of Commercial Metals by 107.3% in the second quarter. Sterling Capital Management LLC now owns 64,763 shares of the basic materials company’s stock worth $1,258,000 after buying an additional 33,524 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Commercial Metals by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 255,343 shares of the basic materials company’s stock worth $4,962,000 after buying an additional 3,394 shares in the last quarter. Finally, JHL Capital Group LLC bought a new stake in shares of Commercial Metals during the second quarter worth $6,023,000. 91.37% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Company Profile

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

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Earnings History and Estimates for Commercial Metals (NYSE:CMC)

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