Commercial Metals (CMC) Scheduled to Post Quarterly Earnings on Thursday

Commercial Metals (NYSE:CMC) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Commercial Metals Stock Up 1.0 %

Commercial Metals stock opened at $54.03 on Tuesday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 11.26 and a beta of 1.14. The company has a current ratio of 4.24, a quick ratio of 2.83 and a debt-to-equity ratio of 0.27. Commercial Metals has a 12 month low of $39.85 and a 12 month high of $61.26. The stock has a fifty day simple moving average of $52.83 and a two-hundred day simple moving average of $54.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com cut Commercial Metals from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Bank of America cut their price target on Commercial Metals from $70.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Jefferies Financial Group started coverage on Commercial Metals in a research report on Tuesday, September 3rd. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Wolfe Research lowered shares of Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Commercial Metals presently has an average rating of “Hold” and an average target price of $61.40.

About Commercial Metals

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.