Commercial Metals (NYSE:CMC) – Investment analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Commercial Metals in a research note issued on Wednesday. KeyCorp analyst P. Gibbs forecasts that the basic materials company will earn $0.34 per share for the quarter. KeyCorp also issued estimates for Commercial Metals’ Q3 2018 earnings at $0.42 EPS and FY2019 earnings at $1.55 EPS.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.14. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Tuesday, October 17th. Jefferies Group upgraded Commercial Metals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Citigroup dropped their price target on Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, September 15th. Finally, Bank of America upgraded Commercial Metals from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research report on Thursday, December 7th. Four research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Commercial Metals has an average rating of “Hold” and an average price target of $21.88.

Shares of Commercial Metals (NYSE:CMC) opened at $24.90 on Friday. The firm has a market capitalization of $2,855.12, a P/E ratio of 25.50 and a beta of 1.26. Commercial Metals has a 1 year low of $17.05 and a 1 year high of $25.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.20 and a quick ratio of 1.81.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, January 12th. Commercial Metals’s dividend payout ratio is currently 72.73%.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Commercial Metals by 2.1% during the second quarter. Vanguard Group Inc. now owns 12,837,096 shares of the basic materials company’s stock valued at $249,424,000 after acquiring an additional 264,915 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Commercial Metals by 13.2% during the second quarter. Goldman Sachs Group Inc. now owns 4,512,233 shares of the basic materials company’s stock valued at $87,673,000 after acquiring an additional 526,185 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Commercial Metals by 0.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,471,335 shares of the basic materials company’s stock valued at $85,090,000 after acquiring an additional 35,385 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Commercial Metals by 58.8% during the third quarter. Deprince Race & Zollo Inc. now owns 3,018,145 shares of the basic materials company’s stock valued at $57,435,000 after acquiring an additional 1,117,876 shares during the last quarter. Finally, Northern Trust Corp increased its position in Commercial Metals by 7.4% during the second quarter. Northern Trust Corp now owns 2,858,394 shares of the basic materials company’s stock valued at $55,539,000 after acquiring an additional 196,113 shares during the last quarter. Institutional investors own 88.55% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Research Analysts Offer Predictions for Commercial Metals’ Q2 2018 Earnings (CMC)” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/research-analysts-offer-predictions-for-commercial-metals-q2-2018-earnings-cmc/1797158.html.

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.

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

Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with Analyst Ratings Network's FREE daily email newsletter.