Commercial Metals (CMC) Earning Somewhat Favorable News Coverage, Analysis Shows

News headlines about Commercial Metals (NYSE:CMC) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commercial Metals earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.1540754864499 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern’s analysis:

A number of research firms recently weighed in on CMC. Macquarie upgraded Commercial Metals from an “underperform” rating to a “neutral” rating and set a $24.00 target price for the company in a research report on Thursday. ValuEngine upgraded Commercial Metals from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Longbow Research initiated coverage on Commercial Metals in a research report on Friday, April 6th. They issued a “buy” rating and a $27.00 target price for the company. Citigroup cut Commercial Metals from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.72 to $22.00 in a research note on Tuesday, April 3rd. Finally, Deutsche Bank decreased their price target on Commercial Metals from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.33.

Shares of Commercial Metals stock opened at $24.13 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.12 and a current ratio of 3.11. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 0.41 and a beta of 1.35. Commercial Metals has a one year low of $17.05 and a one year high of $26.72.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings results on Thursday, March 22nd. The basic materials company reported $0.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Commercial Metals had a return on equity of 8.05% and a net margin of 1.15%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. equities analysts expect that Commercial Metals will post 1.39 EPS for the current fiscal year.

In other Commercial Metals news, CAO Adam R. Hickey sold 20,000 shares of Commercial Metals stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $25.50, for a total value of $510,000.00. Following the transaction, the chief accounting officer now directly owns 15,632 shares of the company’s stock, valued at approximately $398,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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 five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

Insider Buying and Selling by Quarter for Commercial Metals (NYSE:CMC)

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