Commercial Metals (CMC) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMC, but not buy additional shares or sell existing shares.
View CMC analyst ratings or view top-rated stocks.

3 analysts have issued 1-year target prices for Commercial Metals' stock. Their CMC share price targets range from $48.00 to $65.00. On average, they predict the company's stock price to reach $57.67 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for CMC or view top-rated stocks among Wall Street analysts.

Commercial Metals' stock was trading at $50.04 on January 1st, 2024. Since then, CMC stock has increased by 11.7% and is now trading at $55.87.
View the best growth stocks for 2024 here.

Commercial Metals saw a decrease in short interest in March. As of March 31st, there was short interest totaling 2,420,000 shares, a decrease of 27.1% from the March 15th total of 3,320,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 2.3 days. Approximately 2.1% of the shares of the company are sold short.
View Commercial Metals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 27th 2024.
View our CMC earnings forecast.

Commercial Metals (NYSE:CMC) posted its quarterly earnings results on Thursday, March, 21st. The basic materials company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.93 by $0.05. The basic materials company earned $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. Commercial Metals had a trailing twelve-month return on equity of 17.72% and a net margin of 8.09%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS.

Commercial Metals declared a quarterly dividend on Wednesday, March 20th. Investors of record on Monday, April 1st will be given a dividend of $0.18 per share on Wednesday, April 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for CMC.

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.29%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 12.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

ETFs with the largest weight of Commercial Metals (NYSE:CMC) stock in their portfolio include VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), The Acquirers Fund (ZIG), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Harbor Corporate Culture Leaders ETF (HAPY) and Fidelity Women's Leadership ETF (FDWM).

38 employees have rated Commercial Metals Chief Executive Officer Barbara R. Smith on Glassdoor.com. Barbara R. Smith has an approval rating of 91% among the company's employees. This puts Barbara R. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Commercial Metals investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Ford Motor (F), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), Alibaba Group (BABA) and Micron Technology (MU).

Commercial Metals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.22%), Congress Asset Management Co. MA (0.05%), Green Alpha Advisors LLC (0.02%), First Dallas Securities Inc. (0.02%), Peirce Capital Management LLC (0.01%) and Fulton Bank N.A. (0.01%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Peter R Matt, Stephen William Simpson, Tracy L Porter and Ty L Garrison.
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Shares of CMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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