Brokerages expect Commercial Metals Company (NYSE:CMC) to post $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Commercial Metals’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.35. Commercial Metals posted earnings of $0.22 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.7%. The company is expected to announce its next earnings results on Thursday, October 26th.

On average, analysts expect that Commercial Metals will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.98. For the next year, analysts forecast that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.24 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Commercial Metals.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Thursday, June 22nd. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.11. Commercial Metals had a return on equity of 7.84% and a net margin of 1.57%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year.

A number of equities analysts have commented on CMC shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price target on shares of Commercial Metals in a research note on Wednesday, June 28th. Clarkson Capital reaffirmed a “sell” rating and issued a $16.00 price target on shares of Commercial Metals in a research note on Tuesday. Zacks Investment Research cut Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $20.00 price target (up from $19.00) on shares of Commercial Metals in a research note on Sunday, June 25th. Finally, BidaskClub cut Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $21.75.

Several institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. boosted its position in Commercial Metals by 0.5% in the second quarter. Capstone Asset Management Co. now owns 14,112 shares of the basic materials company’s stock valued at $274,000 after buying an additional 70 shares during the period. Amalgamated Bank boosted its position in Commercial Metals by 1.6% in the second quarter. Amalgamated Bank now owns 16,403 shares of the basic materials company’s stock valued at $319,000 after buying an additional 253 shares during the period. First Midwest Bank Trust Division boosted its position in Commercial Metals by 2.0% in the second quarter. First Midwest Bank Trust Division now owns 20,152 shares of the basic materials company’s stock valued at $392,000 after buying an additional 401 shares during the period. Advantus Capital Management Inc boosted its position in Commercial Metals by 3.0% in the first quarter. Advantus Capital Management Inc now owns 14,796 shares of the basic materials company’s stock valued at $283,000 after buying an additional 436 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Commercial Metals by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,853 shares of the basic materials company’s stock valued at $114,000 after buying an additional 522 shares during the period. 91.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Commercial Metals (CMC) opened at 17.92 on Wednesday. Commercial Metals has a one year low of $14.57 and a one year high of $24.64. The company has a 50-day moving average price of $19.28 and a 200 day moving average price of $19.26. The company has a market capitalization of $2.07 billion, a PE ratio of 27.70 and a beta of 1.22.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.68%. Commercial Metals’s dividend payout ratio (DPR) is presently 73.85%.

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Commercial Metals Company Profile

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

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Earnings History and Estimates for Commercial Metals (NYSE:CMC)

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