Commercial Metals (NYSE:CMC) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.14, RTT News reports. Commercial Metals had a net margin of 0.95% and a return on equity of 6.50%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.06 earnings per share. Commercial Metals’s revenue for the quarter was up 24.6% compared to the same quarter last year.

Shares of Commercial Metals (NYSE:CMC) opened at $24.30 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.82 and a quick ratio of 1.81. Commercial Metals has a 1 year low of $17.05 and a 1 year high of $25.18. The stock has a market cap of $2,830.00, a P/E ratio of 90.00 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, January 12th. Commercial Metals’s dividend payout ratio (DPR) is 177.78%.

CMC has been the topic of several research reports. Macquarie initiated coverage on shares of Commercial Metals in a report on Wednesday, September 6th. They issued an “underperform” rating and a $16.00 price target on the stock. Citigroup cut their price target on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, September 15th. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Tuesday, October 17th. Finally, Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a research report on Thursday, December 7th. Four analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.88.

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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 for Commercial Metals (NYSE:CMC)

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