Commercial Metals (CMC) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS
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%.
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.
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