Commercial Metals (NYSE:CMC) will post its quarterly earnings results before the market opens on Thursday, June 20th. Analysts expect Commercial Metals to post earnings of $0.62 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, March 21st. The basic materials company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. Commercial Metals had a return on equity of 12.49% and a net margin of 2.41%. Commercial Metals’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. On average, analysts expect Commercial Metals to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE CMC opened at $14.84 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.75 and a quick ratio of 1.60. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 4.81 and a beta of 1.47. Commercial Metals has a twelve month low of $13.27 and a twelve month high of $24.45.
A number of equities research analysts have weighed in on the company. Citigroup set a $16.00 target price on Commercial Metals and gave the company a “hold” rating in a research report on Tuesday. Deutsche Bank set a $18.00 target price on Commercial Metals and gave the company a “buy” rating in a research report on Thursday, May 30th. Bank of America reaffirmed an “underperform” rating and set a $18.00 target price on shares of Commercial Metals in a research report on Friday, May 31st. TheStreet lowered Commercial Metals from a “b-” rating to a “c+” rating in a research report on Wednesday, May 22nd. Finally, ValuEngine lowered Commercial Metals from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.10.
About Commercial Metals
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells 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.
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