Commercial Metals (CMC) Receiving Somewhat Positive News Coverage, Analysis Shows

News headlines about Commercial Metals (NYSE:CMC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commercial Metals earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.6319949914345 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s analysis:

Shares of Commercial Metals (CMC) opened at $25.16 on Friday. The stock has a market capitalization of $2,930.00, a price-to-earnings ratio of 46.59 and a beta of 1.26. Commercial Metals has a 52-week low of $17.05 and a 52-week high of $25.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.20 and a quick ratio of 2.07.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. Commercial Metals’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. analysts anticipate that Commercial Metals will post 1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th will be given a $0.12 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.91%. Commercial Metals’s dividend payout ratio is presently 88.89%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a report on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.88.

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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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