Commercial Metals Company (CMC)
| Market Cap | 4.94B |
| Revenue (ttm) | 7.87B |
| Net Income (ttm) | 898.92M |
| Shares Out | 121.50M |
| EPS (ttm) | 7.33 |
| PE Ratio | 5.54 |
| Forward PE | 10.01 |
| Dividend | $0.54 (1.33%) |
| Ex-Dividend Date | Mar 29, 2022 |
| Volume | 87,489 |
| Open | 41.00 |
| Previous Close | 40.47 |
| Day's Range | 40.58 - 41.31 |
| 52-Week Range | 28.77 - 46.68 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 45.01 (+10.8%) |
| Earnings Date | Jun 16, 2022 |
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. 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. It also manufactures and sells finished long steel products, ...
Financial Performance
In 2021, CMC's revenue was $6.73 billion, an increase of 22.88% compared to the previous year's $5.48 billion. Earnings were $412.87 million, an increase of 47.71%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for CMC stock is "Buy." The 12-month stock price forecast is 45.01, which is an increase of 10.78% from the latest price.
News
Global Steel April Output Dips as Covid Restrictions Hit China
Crude steel production from China slipped 5.2% year over year to 92.8 Mt in April, hit by stringent lockdowns as the country is battling its worst Covid outbreak since the start of the pandemic.
Commercial Metals Company Announces Third Quarter Fiscal 2022 Conference Call Webcast Details
IRVING, Texas , May 17, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2022, invites you to listen to its conference call t...
Castle Harlan Completes Sale of Tensar Corporation
NEW YORK , April 25, 2022 /PRNewswire/ -- Castle Harlan, Inc. ("Castle Harlan"), the New York-based private equity firm, today announced that it has successfully completed its sale of Tensar Corporation...
Commercial Metals Completes Acquisition of Tensar Corporation
IRVING, Texas , April 25, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that it has successfully completed the acquisition of TAC Acquisition Corp. ("Tensar") from C...
U.S. Infrastructure Spending Likely to Drive Markets: 5 Picks
We have narrowed our search to five stocks that are likely to gain from the Biden administration's infrastructure development legislation. These are: CMC, STLD, ATCX, HEES and MSEX.
Commercial Metals (CMC) Hits 52-Week High: What's Driving It?
Robust construction, infrastructure activities and upbeat steel prices are contributing to the run-up in Commercial Metals' (CMC) shares.
7 Materials Stocks to Buy That Help Build Everything
While many investors are still fixated on tech stocks, the smart investment in this transitioning market is materials stocks. The post 7 Materials Stocks to Buy That Help Build Everything appeared first...
Solid Sales Growth Makes These 5 Stocks Worth Betting on
Solid sales growth is vital to gauge a company's health and ability to sustain its business. Let's check out News Corporation (NWSA), Commercial Metals (CMC), Lennar (LEN), Lithia Motors (LAD) & Comstoc...
Why Commercial Metals (CMC) is Such a Great Value Stock Pick Right Now
Commercial Metals (CMC) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Commercial Metals (CMC) Is Up 7.66% in One Week: What You Should Know
Does Commercial Metals (CMC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Commercial Metals (CMC) Is Attractively Priced Despite Fast-paced Momentum
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Commercial Metals (CMC) could be a great choice. It is one of the several stocks that ...
A Quality Exec Comp Plan Lowers The Risk Of Investing In Commercial Metals Company
This Model Portfolio only includes stocks that earn an attractive or very attractive rating and align executive compensation with improving ROIC.
Why Commercial Metals (CMC) Might be Well Poised for a Surge
Commercial Metals (CMC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Global Steel February Output Drops as Winter Curbs Hit China
Crude steel production from China fell for the eighth straight month in February on government's measures to curb production to reduce pollution during the Winter Olympics.
Commercial Metals (CMC) Earnings & Sales Beat Estimates in Q2
Commercial Metals' (CMC) Q2 earnings and sales rise year over year, owing to strong end-market demand and exceptional operational execution.
Is Commercial Metals (CMC) Stock a Solid Choice Right Now?
Commercial Metals (CMC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Commercial Metals (CMC) Q2 Earnings and Revenues Beat Estimates
Commercial Metals (CMC) delivered earnings and revenue surprises of 19.53% and 8.18%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?
Commercial Metals Company Reports Record Second Quarter Fiscal 2022 Results
Achieved record quarterly Earnings from Continuing Operations of $383.3 million, or $3.12 per diluted share Core EBITDA from continuing operations of $323.1 million increased 89% from the prior year per...
Here's Why Momentum Investors Will Love Commercial Metals (CMC)
Does Commercial Metals (CMC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is a Beat in Store for Commercial Metals' (CMC) Q2 Earnings?
Commercial Metals' (CMC) Q2 performance is likely to reflect strong finished steel sales volumes, driven by solid construction demand in North America and Europe.
Commercial Metals Company Announces Quarterly Dividend Of $0.14 Per Share
IRVING, Texas , March 16, 2022 /PRNewswire/ -- Today, March 16, 2022, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.14 per shar...
Fast-paced Momentum Stock Commercial Metals (CMC) Is Still Trading at a Bargain
Commercial Metals (CMC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks ...
Steel Prices Set for Upturn on War-Led Supply Crunch: 5 Top Picks
The prospects of an upswing in steel prices augur well for the steel industry which has lost some momentum after having a banner year in 2021. NUE, ZEUS, TMST, CMC and GGB are worth betting on right now.
Has Commercial Metals (CMC) Outpaced Other Basic Materials Stocks This Year?
Here is how Commercial Metals (CMC) and Northern Dynasty Minerals (NAK) have performed compared to their sector so far this year.