Commercial Metals Company (NYSE:CMC) – Jefferies Group issued their Q1 2018 EPS estimates for Commercial Metals in a research report issued on Monday. Jefferies Group analyst S. Rosenfeld anticipates that the basic materials company will post earnings of $0.13 per share for the quarter. Jefferies Group has a “Buy” rating and a $24.00 price target on the stock. Jefferies Group also issued estimates for Commercial Metals’ Q2 2018 earnings at $0.26 EPS and Q3 2018 earnings at $0.55 EPS.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Commercial Metals had a net margin of 0.95% and a return on equity of 6.50%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share.

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CMC has been the topic of several other research reports. Zacks Investment Research downgraded shares of Commercial Metals from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Macquarie initiated coverage on shares of Commercial Metals in a report on Wednesday, September 6th. They issued an “underperform” rating and a $16.00 target price on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $21.00 target price (up previously from $20.00) on shares of Commercial Metals in a report on Tuesday, September 5th. Citigroup Inc. dropped their target price on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, September 15th. Finally, BidaskClub downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.56.

Commercial Metals (NYSE CMC) traded up 1.28% during trading on Tuesday, reaching $19.73. 1,088,674 shares of the company’s stock were exchanged. Commercial Metals has a 1-year low of $15.51 and a 1-year high of $24.64. The company’s 50-day moving average is $19.46 and its 200-day moving average is $18.90. The company has a market capitalization of $2.28 billion, a PE ratio of 30.49 and a beta of 1.22.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.48 annualized dividend and a yield of 2.46%. Commercial Metals’s dividend payout ratio is 120.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Palisade Capital Management LLC NJ grew its position in Commercial Metals by 1.9% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 598,075 shares of the basic materials company’s stock worth $11,381,000 after purchasing an additional 11,046 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Commercial Metals in the 3rd quarter worth $101,000. Crossmark Global Holdings Inc. acquired a new stake in Commercial Metals in the 3rd quarter worth $282,000. First Trust Advisors LP grew its position in Commercial Metals by 31.3% in the 3rd quarter. First Trust Advisors LP now owns 78,350 shares of the basic materials company’s stock worth $1,491,000 after purchasing an additional 18,696 shares during the last quarter. Finally, Trellus Management Company LLC acquired a new stake in Commercial Metals in the 3rd quarter worth $590,000. Institutional investors own 90.38% of the company’s stock.

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.

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

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