Commercial Metals Company (CMC)

NYSE: CMC · IEX Real-Time Price · USD
45.33
+0.46 (1.03%)
Nov 30, 2023, 4:00 PM EST - Market closed
1.03%
Market Cap 5.30B
Revenue (ttm) 8.80B
Net Income (ttm) 859.76M
Shares Out 117.01M
EPS (ttm) 7.25
PE Ratio 6.25
Forward PE 9.21
Dividend $0.64 (1.41%)
Ex-Dividend Date Oct 25, 2023
Volume 967,329
Open 44.96
Previous Close 44.87
Day's Range 44.79 - 45.89
52-Week Range 39.85 - 58.09
Beta 1.36
Analysts Buy
Price Target 54.80 (+20.89%)
Earnings Date Jan 8, 2024

About CMC

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous 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. I... [Read more]

Industry Steel
Sector Materials
IPO Date Jan 1, 1987
Employees 13,022
Stock Exchange NYSE
Ticker Symbol CMC
Full Company Profile

Financial Performance

In 2023, CMC's revenue was $8.80 billion, a decrease of -1.28% compared to the previous year's $8.91 billion. Earnings were $859.76 million, a decrease of -29.37%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for CMC stock is "Buy." The 12-month stock price forecast is $54.8, which is an increase of 20.89% from the latest price.

Price Target
$54.8
(20.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CMC Celebrates the Dedication of New Micro Mill in Mesa, Arizona

IRVING, Texas , Oct. 26, 2023 /PRNewswire/ -- Today, CMC (Commercial Metals Company; NYSE: CMC), along with state and local officials and their honored guests, gathered for the dedication of CMC's new...

5 weeks ago - PRNewsWire

CMC Reports Fourth Quarter and Full Year Fiscal 2023 Results

Fourth  quarter net earnings of $184.2 million, or $1.56 per diluted share; annual net earnings of $859.8 million, or $7.25 per diluted share Fiscal 2023 core EBITDA of $1.5 billion, down only modestl...

7 weeks ago - PRNewsWire

CMC Announces Quarterly Dividend of $0.16 Per Share

IRVING, Texas , Oct. 10, 2023 /PRNewswire/ -- Today, October 10, 2023, the board of directors of Commercial Metals Company ("CMC") (NYSE: CMC) declared a regular quarterly cash dividend of $0.16 per s...

7 weeks ago - PRNewsWire

CMC Introduces Refreshed Brand to Reflect Company Evolution

New Identity Honors CMC's Heritage While Affirming its Growth, Strength & the Promise of a Sustainable Future IRVING, Texas , Oct. 2, 2023 /PRNewswire/ -- CMC (Commercial Metals Company) (NYSE:CMC), a...

2 months ago - PRNewsWire

Commercial Metals Company Announces Fourth Quarter Fiscal 2023 Conference Call Webcast Details

IRVING, Texas , Sept. 12, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its fourth quarter earnings release for fiscal 2023, invites you to listen to its conference c...

2 months ago - PRNewsWire

Commercial Metals Company Supports a Global Standard to Measure and Report Carbon Emissions

IRVING, Texas , Aug. 3, 2023 /PRNewswire/ -- As a founding member of the Global Steel Climate Council (GSCC), Commercial Metals Company (NYSE: CMC) ("CMC") is proud to support today's release of The S...

4 months ago - PRNewsWire

Commercial Metals Company Receives Permit Allowing for Construction of Fourth Micro Mill

IRVING, Texas , July 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that the West Virginia Department of Environmental Protection has granted it a permit that a...

4 months ago - PRNewsWire

MiddleGround Capital Announces the Sale of EDSCO Fasteners

LEXINGTON, Ky., July 17, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital , an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and ...

4 months ago - GlobeNewsWire

Commercial Metals Company Acquires EDSCO Fasteners LLC

IRVING, Texas , July 13, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the purchase of EDSCO Fasteners LLC ("EDSCO"), a leading provider of anchoring solutions for...

5 months ago - PRNewsWire

Commercial Metals Company Announces Leadership Succession Plan

Barbara R. Smith to Retire as Chief Executive Officer, Effective September 1, 2023; Will Continue as Chairman of the Board Peter R. Matt, President, Appointed Chief Executive Officer and President, Ef...

5 months ago - PRNewsWire

Commercial Metals Winning Infrastructure and Datacenter Customers

Vertically integrated steel and metal products manufacturer Commercial Metals Co. NYSE: CMC benefits from the infrastructure spending tailwinds. Commercial Metals operates four divisions under its roo...

5 months ago - MarketBeat

2 Recent Earnings Beaters to Consider

It is earnings season for many companies, and a few welcoming surprises have emerged as several have successfully beaten estimates.

Other symbols: FDS
5 months ago - GuruFocus

Commercial Metals Company Shakes Off The Rust: Confirms Uptrend

Commercial Metals NYSE: CMC stock price corrected over the past year due to falling prices and concerns over demand. The company's Q3 results belie that sentiment and have the market moving higher.

5 months ago - MarketBeat

Commercial Metals Company Reports Third Quarter Fiscal 2023 Results

Third quarter net earnings of $234.0 million, or $1.98 per diluted share, increased 30% from the previous quarter Core EBITDA of $391.7 million increased 29% sequentially North America segment adjuste...

5 months ago - PRNewsWire

Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share

IRVING, Texas , June 21, 2023 /PRNewswire/ -- Today, June 21, 2023, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per shar...

5 months ago - PRNewsWire

Bruce Berkowitz Goes on Selling Spree in 1st Quarter

Fairholme Capital Management recently disclosed its portfolio updates for the first quarter of 2023, which ended on March 31.

Other symbols: ORI
6 months ago - GuruFocus

Commercial Metals Company Announces Third Quarter Fiscal 2023 Conference Call Webcast Details

IRVING, Texas , May 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2023, invites you to listen to its conference call...

6 months ago - PRNewsWire

Commercial Metals Company Acquires Geogrid Manufacturing Plant

IRVING, Texas , May 1, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has acquired a geosynthetics manufacturing facility from BOSTD – America. The facility, loc...

7 months ago - PRNewsWire

Commercial Metals Company Supports Global Standard to Measure and Report Carbon Emissions

IRVING, Texas , April 26, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") is proud to be a founding member of the Global Steel Climate Council (GSCC), an international coalition of ...

7 months ago - PRNewsWire

Commercial Metals Company Reports Second Quarter Fiscal 2023 Results

Second quarter net earnings of $179.8 million, or $1.51 per diluted share Core EBITDA of $302.8 million Volume and value of North America downstream backlog near all-time highs Project bid volumes gre...

9 months ago - PRNewsWire

Commercial Metals Company Acquires Tendon Systems, LLC

IRVING, Texas , March 20, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the acquisition of Tendon Systems, LLC ("Tendon"), a leading provider of post-tensioning, b...

9 months ago - PRNewsWire

Top 5 Materials Stocks That Are Set To Fly - Commercial Metals (NYSE:CMC), Dow (NYSE:DOW)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: DOWIFFORGNSSL
9 months ago - Benzinga

Carl Marks Securities Guides Roane Metals Group Through Sale to Commercial Metals Company

NEW YORK--(BUSINESS WIRE)--Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it advised Roane Metals Group (“Ro...

9 months ago - Business Wire

COMMERCIAL METALS COMPANY ACQUIRES TENNESSEE METAL RECYCLING COMPANY

IRVING, Texas , March 3, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has acquired all the assets of metal recycling company Roane Metals Group LLC ("Roane"). ...

9 months ago - PRNewsWire

Commercial Metals Company Announces Second Quarter Fiscal 2023 Conference Call Webcast Details

IRVING, Texas , Feb. 23, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2023, invites you to listen to its conference ca...

10 months ago - PRNewsWire