Commercial Metals Company (NYSE:CMC) – Jefferies Group issued their Q1 2018 earnings estimates for shares of Commercial Metals in a report released on Monday. Jefferies Group analyst S. Rosenfeld expects that the basic materials company will post earnings of $0.13 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $24.00 price target on the stock. Jefferies Group also issued estimates for Commercial Metals’ Q2 2018 earnings at $0.26 EPS and Q3 2018 earnings at $0.55 EPS.

Other analysts have also issued research reports about the company. Clarkson Capital reiterated a “sell” rating and issued a $16.00 target price on shares of Commercial Metals in a research note on Tuesday, August 15th. BidaskClub lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Tuesday, October 17th. Citigroup Inc. reduced their target price on Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $21.00 target price (up previously from $20.00) on shares of Commercial Metals in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Commercial Metals has an average rating of “Hold” and a consensus price target of $21.56.

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Shares of Commercial Metals (NYSE:CMC) traded down 0.67% on Tuesday, reaching $19.36. 529,102 shares of the company’s stock were exchanged. The company’s 50 day moving average is $19.42 and its 200-day moving average is $18.89. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 29.92 and a beta of 1.22. Commercial Metals has a one year low of $15.42 and a one year high of $24.64.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.13). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Commercial Metals had a net margin of 0.95% and a return on equity of 6.50%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. Commercial Metals’s dividend payout ratio is currently 120.00%.

Several institutional investors have recently made changes to their positions in the company. Palisade Capital Management LLC NJ increased its stake in shares of Commercial Metals by 1.9% during the third quarter. Palisade Capital Management LLC NJ now owns 598,075 shares of the basic materials company’s stock valued at $11,381,000 after buying an additional 11,046 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Commercial Metals during the third quarter valued at $101,000. Crossmark Global Holdings Inc. purchased a new position in shares of Commercial Metals during the third quarter valued at $282,000. First Trust Advisors LP increased its stake in shares of Commercial Metals by 31.3% during the third quarter. First Trust Advisors LP now owns 78,350 shares of the basic materials company’s stock valued at $1,491,000 after buying an additional 18,696 shares during the period. Finally, Trellus Management Company LLC purchased a new position in shares of Commercial Metals during the third quarter valued at $590,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.

About Commercial Metals

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.

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

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