Commercial Metals (NYSE:CMC) Issues Earnings Results, Misses Estimates By $0.06 EPS

Commercial Metals (NYSE:CMC) released its quarterly earnings data on Monday. The basic materials company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.06), RTT News reports. Commercial Metals had a return on equity of 12.20% and a net margin of 6.13%.

Commercial Metals Trading Down 0.5 %

CMC opened at $48.89 on Monday. The stock has a market cap of $5.57 billion, a PE ratio of 11.81, a PEG ratio of 2.74 and a beta of 1.19. The business has a 50 day moving average of $57.06 and a 200-day moving average of $55.03. Commercial Metals has a 52 week low of $47.42 and a 52 week high of $64.53. The company has a quick ratio of 2.78, a current ratio of 3.94 and a debt-to-equity ratio of 0.27.

Commercial Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, January 16th. Commercial Metals’s dividend payout ratio is currently 17.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CMC shares. BNP Paribas lowered Commercial Metals from an “outperform” rating to a “neutral” rating in a research note on Friday. UBS Group reissued a “sell” rating and issued a $56.00 price target (down previously from $62.00) on shares of Commercial Metals in a report on Thursday, December 12th. Wolfe Research downgraded shares of Commercial Metals from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 target price for the company. Finally, BMO Capital Markets lowered their price target on Commercial Metals from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.67.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous 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.