Commercial Metals Company (CMC)

NYSE: CMC · IEX Real-Time Price · USD
57.62
+0.02 (0.03%)
Jul 22, 2024, 12:20 PM EDT - Market open
0.03%
Market Cap 6.59B
Revenue (ttm) 8.14B
Net Income (ttm) 565.73M
Shares Out 114.99M
EPS (ttm) 4.80
PE Ratio 12.00
Forward PE 11.69
Dividend $0.72 (1.25%)
Ex-Dividend Date Jul 1, 2024
Volume 136,557
Open 57.70
Previous Close 57.60
Day's Range 56.77 - 57.92
52-Week Range 39.85 - 59.81
Beta 1.17
Analysts Buy
Price Target 58.40 (+1.35%)
Earnings Date Jun 20, 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 5 analysts, the average rating for CMC stock is "Buy." The 12-month stock price forecast is $58.4, which is an increase of 1.35% from the latest price.

Price Target
$58.4
(1.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Third quarter net earnings of $119.4 million, or $1.02 per diluted share Consolidated core EBITDA of $256.1 million; core EBITDA margin of 12.3% Solid seasonal demand and underlying market fundamental...

4 weeks ago - PRNewsWire

CMC Announces Quarterly Dividend of $0.18 Per Share

IRVING, Texas , June 19, 2024 /PRNewswire/ -- Today, June 19, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend ...

4 weeks ago - PRNewsWire

CMC Awarded on the USA TODAY America's Best Climate Leaders 2024 List

IRVING, Texas , May 30, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), has earned recognition on USA TODAY's list of America's Best Climate Leaders 2024. This prestigious award is present...

7 weeks ago - PRNewsWire

CMC Announces Third Quarter Fiscal 2024 Conference Call Webcast Details

IRVING, Texas , May 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2024, invites you to listen to its conference call...

2 months ago - PRNewsWire

CMC Reports Second Quarter Fiscal 2024 Results

Second quarter net earnings of $85.8 million, or $0.73 per diluted share Consolidated core EBITDA of $224.4 million; core EBITDA margin of 12.1% Downstream contract awards rebounded to the highest qua...

4 months ago - PRNewsWire

CMC Announces a 13% Increase In Quarterly Dividend

IRVING, Texas , March 20, 2024 /PRNewswire/ -- Today, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per s...

4 months ago - PRNewsWire

CMC Announces Second Quarter Fiscal 2024 Conference Call Webcast Details

IRVING, Texas , Feb. 21, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2024, invites you to listen to its conference ca...

5 months ago - PRNewsWire

CMC Announces Appointment of Dennis V. Arriola to Board of Directors

IRVING, Texas , Feb. 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that it has named Dennis V. Arriola to the Board of Directors, effective as of March 19, 2024.

5 months ago - PRNewsWire

CMC Announces Increase to its Existing Share Repurchase Program

IRVING, Texas , Jan. 10, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company" or "CMC") today announced that its Board of Directors has authorized an increase of $500 million to t...

6 months ago - PRNewsWire

CMC To Be Featured In Season Two of National Docuseries "REPURPOSED"

IRVING, Texas , Jan. 10, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") will be featured in Season Two of REPURPOSED, a travel-adventure docuseries premiering on J...

6 months ago - PRNewsWire

CMC Reports First Quarter Fiscal 2024 Results

First  quarter net earnings of $176.3 million, or $1.49 per diluted share Consolidated core EBITDA of $325.3 million; core EBITDA margin of 16.2% Generated cash flow from operating activities of $261....

7 months ago - PRNewsWire

CMC Announces Quarterly Dividend of $0.16 Per Share

IRVING, Texas , Jan. 4, 2024 /PRNewswire/ -- Today, January 4, 2024, the board of directors of Commercial Metals Company ("CMC") (NYSE: CMC) declared a regular quarterly cash dividend of $0.16 per sha...

7 months ago - PRNewsWire

CMC Publishes 2023 Sustainability Report

IRVING, Texas , Dec. 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today published its Sustainability Report for fiscal 2023, showcasing the Company's key rol...

7 months ago - PRNewsWire

CMC Announces Changes to Segment Reporting

IRVING, Texas , Dec. 14, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that beginning with its first quarter of fiscal 2024, the Company will repo...

7 months ago - PRNewsWire

CMC Announces First Quarter Fiscal 2024 Conference Call Webcast Details

IRVING, Texas , Dec. 7, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2024, invites you to listen to its conference call...

8 months ago - PRNewsWire

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...

9 months 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...

10 months 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...

10 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...

11 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...

1 year 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...

1 year 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 ...

1 year 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...

1 year 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...

1 year ago - PRNewsWire

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.

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1 year ago - GuruFocus