Commercial Metals Company (CMC)

NYSE: CMC · IEX Real-Time Price · USD
55.93
-0.64 (-1.13%)
Feb 6, 2023, 1:27 PM EST - Market open
-1.13%
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]

Industry Steel
Sector Materials
IPO Date Jan 1, 1987
Employees 12,483
Stock Exchange NYSE
Ticker Symbol CMC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$53.55
(-4.26% downside)
Analyst Consensus: Buy
Stock Forecasts

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.

3 hours ago - Zacks Investment Research

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...

4 days ago - Zacks Investment Research

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...

4 days ago - PRNewsWire

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?

1 week ago - Zacks Investment Research

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.

Other symbols: CAGTS
2 weeks ago - Zacks Investment Research

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.

Other symbols: ATIGGBRSTS
2 weeks ago - Forbes

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...

3 weeks ago - Zacks Investment Research

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.

3 weeks ago - Zacks Investment Research

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...

3 weeks ago - Zacks Investment Research

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?

Other symbols: STLDURIX
3 weeks ago - Zacks Investment Research

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.

3 weeks ago - Zacks Investment Research

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.

3 weeks ago - Zacks Investment Research

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.

3 weeks ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

"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.

Other symbols: CELHPDD
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

1 month ago - Zacks Investment Research

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.

Other symbols: CATKNSL
1 month ago - Zacks Investment Research

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.

Other symbols: BHPCATHTGCKNSL
1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

2 months ago - Zacks Investment Research

The Bunny Portfolio Has Averaged 13.6% Per Year

What do you call a stock that has a great earnings growth history, yet sells for modest price?

Other symbols: AELBCSFBIOBSIGCCSCG
2 months ago - GuruFocus

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...

2 months ago - Zacks Investment Research