Commercial Metals (CMC) Given Coverage Optimism Rating of 0.16
Press coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Commercial Metals earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.3105363285111 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Commercial Metals Company (CMC): Inside the Numbers – Wall Street Review (thewallstreetreview.com)
- Commercial Metals Company (CMC) Makes An Interesting Case Right Now – StockNewsGazette (stocknewsgazette.com)
- Commercial Metals Company (NYSE:CMC) Stock Closed -7.1% Below Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Trading Radar: Narrowing in on Shares of Commercial Metals Company (CMC) – Wall Street Review (thewallstreetreview.com)
- Commercial Metals (CMC): Estimates Too High, Reiterate Sell – Clarksons Platou – StreetInsider.com (streetinsider.com)
Commercial Metals (NYSE:CMC) traded down 0.40% during mid-day trading on Friday, hitting $17.27. 484,908 shares of the stock were exchanged. The company has a 50-day moving average price of $19.23 and a 200-day moving average price of $19.23. Commercial Metals has a one year low of $14.57 and a one year high of $24.64. The company has a market cap of $2.00 billion, a P/E ratio of 26.69 and a beta of 1.22.
Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Thursday, June 22nd. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Commercial Metals had a return on equity of 7.84% and a net margin of 1.57%. Commercial Metals’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, analysts predict that Commercial Metals will post $0.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, July 3rd. Commercial Metals’s dividend payout ratio is presently 73.85%.
A number of analysts have recently issued reports on CMC shares. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Commercial Metals in a research note on Wednesday, June 28th. Clarkson Capital reiterated a “sell” rating and set a $16.00 price objective on shares of Commercial Metals in a research note on Tuesday. Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation reiterated a “neutral” rating and set a $20.00 price objective (up previously from $19.00) on shares of Commercial Metals in a research note on Sunday, June 25th. Finally, BidaskClub lowered shares of Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Commercial Metals has an average rating of “Hold” and a consensus price target of $21.75.
About Commercial Metals
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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