Commercial Metals Company (CMC)
Market Cap | 6.55B |
Revenue (ttm) | 9.16B |
Net Income (ttm) | 1.25B |
Shares Out | 117.12M |
EPS (ttm) | 10.26 |
PE Ratio | 5.45 |
Forward PE | 8.26 |
Dividend | $0.58 (1.04%) |
Ex-Dividend Date | Oct 26, 2022 |
Volume | 303,263 |
Open | 56.01 |
Previous Close | 56.57 |
Day's Range | 55.13 - 56.32 |
52-Week Range | 31.47 - 58.09 |
Beta | 1.28 |
Analysts | Buy |
Price Target | 53.55 (-4.26%) |
Earnings Date | Mar 16, 2023 |
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, ... [Read more]
Financial Performance
In 2022, CMC's revenue was $8.91 billion, an increase of 32.45% compared to the previous year's $6.73 billion. Earnings were $1.22 billion, an increase of 194.83%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for CMC stock is "Buy." The 12-month stock price forecast is $53.55, which is a decrease of -4.26% from the latest price.
News

Commercial Metals Company (CMC) Hits Fresh High: Is There Still Room to Run?
Commercial Metals (CMC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Are Investors Undervaluing Commercial Metals (CMC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

Commercial Metals Company Recognized as One of America's Most Responsible Companies by Newsweek
IRVING, Texas , Feb. 2, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that it has been recognized on Newsweek's list of America's Most Responsible Companies 2023. This pre...

Commercial Metals (CMC) Recently Broke Out Above the 20-Day Moving Average
Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

3 Must-Buy Momentum Stocks Backed by the Driehaus Strategy
Stocks like Conagra Brands (CAG), Commercial Metals (CMC), and Tenaris (TS) have been selected as the momentum picks for the day using the Driehaus strategy.

5 Steel Stocks Hit New 12-Month Highs
These steel stocks are hotter than Tesla, Amazon, Apple and NVIDIA, if you measure hotness by price chart out-performance.

Is Commercial Metals (CMC) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

Can Commercial Metals (CMC) Run Higher on Rising Earnings Estimates?
Commercial Metals (CMC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Fast-paced Momentum Stock Commercial Metals (CMC) Is Still Trading at a Bargain
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 tha...

5 Reasons this Group May "Steel" the Show
Steel stocks have been outperforming the general market over the past few months. Can the strength persist?

Commercial Metals (CMC) Earnings and Sales Top Estimates in Q1
Commercial Metals' (CMC) first-quarter fiscal 2023 results gain from strong volumes in the North America Segment.

Commercial Metals Company (CMC) Hits Fresh High: Is There Still Room to Run?
Commercial Metals (CMC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Commercial Metals (CMC) is a Great Momentum Stock: Should You Buy?
Does Commercial Metals (CMC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Commercial Metals (CMC) Q1 Earnings and Revenues Surpass Estimates
Commercial Metals (CMC) delivered earnings and revenue surprises of 12.56% and 2.90%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

Commercial Metals Company Reports First Quarter Fiscal 2023 Results
First quarter net earnings of $261.8 million, or $2.20 per diluted share, increased 12% compared with $232.9 million, or $1.90 per diluted share, in the prior year period Core EBITDA of $425.0 million...

Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share
IRVING, Texas , Jan. 5, 2023 /PRNewswire/ -- Today, January 5, 2023, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per sha...

"Technofundamentals": 3 Top-Ranked Stocks with Strong Fundamentals and Technicals
Combining fundamentals and technicals can be a rewarding endeavor for investors. Today, we will cover stocks with strong Zack's Rankings that are pulling into key price support levels.

Has Commercial Metals (CMC) Outpaced Other Basic Materials Stocks This Year?
Here is how Commercial Metals (CMC) and Southern Copper (SCCO) have performed compared to their sector so far this year.

Why Fast-paced Mover Commercial Metals (CMC) Is a Great Choice for Value Investors
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 tha...

Best Momentum Stocks to Buy for December 21st
CAT, CMC and KNSL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 21, 2022.

New Strong Buy Stocks for December 21st
BHP, HTGC, CAT, CMC and KNSL have been added to the Zacks Rank #1 (Strong Buy) List on December 21, 2022.

Commercial Metals Company Publishes 2022 Sustainability Report
IRVING, Texas , Dec. 15, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today published its Sustainability Report for fiscal 2022, showcasing the Company's key rol...

Are Basic Materials Stocks Lagging Commercial Metals (CMC) This Year?
Here is how Commercial Metals (CMC) and Steel Dynamics (STLD) have performed compared to their sector so far this year.

Despite Fast-paced Momentum, Commercial Metals (CMC) Is Still a Bargain Stock
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 tha...