Commercial Metals Company (CMC)

NYSE: CMC · IEX Real-Time Price · USD
40.63
0.16 (0.40%)
May 27, 2022 10:38 AM EDT - Market open
Market Cap4.94B
Revenue (ttm)7.87B
Net Income (ttm)898.92M
Shares Out121.50M
EPS (ttm)7.33
PE Ratio5.54
Forward PE10.01
Dividend$0.54 (1.33%)
Ex-Dividend DateMar 29, 2022
Volume87,489
Open41.00
Previous Close40.47
Day's Range40.58 - 41.31
52-Week Range28.77 - 46.68
Beta1.12
AnalystsBuy
Price Target45.01 (+10.8%)
Earnings DateJun 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, ...

IndustryMetals & Mining
IPO DateJan 1, 1987
CEOBarbara Smith
Employees11,089
Stock ExchangeNYSE
Ticker SymbolCMC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$45.01
(10.78% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

Other symbols:MTNUETMSTZEUS
1 day ago - Zacks Investment Research

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...

1 week ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

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.

Other symbols:ATCXHEESMSEXSTLD
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

Other symbols:CLFIPINUESTLDTECKVALE
1 month ago - InvestorPlace

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...

Other symbols:CRKLADLENNWSA
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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 ...

1 month ago - Zacks Investment Research

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.

1 month ago - Forbes

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.

1 month ago - Zacks Investment Research

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.

Other symbols:NUETMSTZEUS
2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

7 “A”-Rated Stocks to Ground Your Portfolio

It's a good time to make sure you have "A"-rated stocks in your portfolio. Many of the ones here have my triple-"A" rating.

Other symbols:AMPHBSMCEIXMATXSQMWHD
2 months ago - InvestorPlace

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.

2 months ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research

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...

2 months ago - PRNewsWire

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.

2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

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...

2 months ago - PRNewsWire

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 ...

2 months ago - Zacks Investment Research

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.

Other symbols:GGBNUETMSTZEUS
2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research