Commercial Metals (NYSE:CMC) – Stock analysts at KeyCorp raised their Q3 2019 earnings per share (EPS) estimates for Commercial Metals in a research note issued to investors on Tuesday, May 21st. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.57. KeyCorp also issued estimates for Commercial Metals’ FY2019 earnings at $1.95 EPS.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Commercial Metals from a “strong sell” rating to a “sell” rating in a research report on Friday, March 22nd. Macquarie upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $15.23 to $17.37 in a research report on Friday, March 22nd. TheStreet cut Commercial Metals from a “b-” rating to a “c+” rating in a research report on Wednesday. Finally, Cowen restated a “market perform” rating and set a $18.50 price target (up from $17.00) on shares of Commercial Metals in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.23.

Commercial Metals stock opened at $14.71 on Thursday. Commercial Metals has a 12-month low of $14.21 and a 12-month high of $24.95. The company has a current ratio of 2.75, a quick ratio of 1.60 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, March 21st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Commercial Metals had a return on equity of 12.49% and a net margin of 2.41%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in shares of Commercial Metals during the fourth quarter worth about $47,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Commercial Metals during the fourth quarter worth about $48,000. Cullen Frost Bankers Inc. bought a new stake in shares of Commercial Metals during the first quarter worth about $51,000. Macquarie Group Ltd. bought a new stake in shares of Commercial Metals during the fourth quarter worth about $100,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Commercial Metals during the fourth quarter worth about $107,000. Institutional investors own 87.84% of the company’s stock.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells 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.

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

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