Commercial Metals (NYSE:CMC) – Investment analysts at Jefferies Financial Group issued their Q2 2019 earnings per share (EPS) estimates for Commercial Metals in a report released on Monday, March 11th. Jefferies Financial Group analyst M. Englert anticipates that the basic materials company will post earnings per share of $0.22 for the quarter. Jefferies Financial Group also issued estimates for Commercial Metals’ Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $1.75 EPS and FY2020 earnings at $2.11 EPS.
Commercial Metals (NYSE:CMC) last issued its quarterly earnings data on Monday, January 7th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Commercial Metals had a return on equity of 12.32% and a net margin of 2.51%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share.
Other analysts also recently issued reports about the company. Goldman Sachs Group raised Commercial Metals from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, January 14th. Longbow Research set a $25.00 price objective on Commercial Metals and gave the stock a “buy” rating in a research note on Monday, December 3rd. Seaport Global Securities reissued a “hold” rating on shares of Commercial Metals in a research note on Tuesday, January 8th. Macquarie set a $21.00 price objective on Commercial Metals and gave the stock a “hold” rating in a research note on Tuesday, January 8th. Finally, Citigroup set a $18.00 price objective on Commercial Metals and gave the stock a “hold” rating in a research note on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.11.
Shares of Commercial Metals stock opened at $15.79 on Thursday. The company has a market capitalization of $1.90 billion, a PE ratio of 10.60, a P/E/G ratio of 0.81 and a beta of 1.31. Commercial Metals has a 52 week low of $15.23 and a 52 week high of $24.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 1.58.
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in shares of Commercial Metals during the fourth quarter valued at approximately $47,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Commercial Metals during the fourth quarter valued at approximately $48,000. Macquarie Group Ltd. purchased a new stake in shares of Commercial Metals during the fourth quarter valued at approximately $100,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Commercial Metals during the fourth quarter valued at approximately $107,000. Finally, NumerixS Investment Technologies Inc increased its position in shares of Commercial Metals by 260.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 10,100 shares of the basic materials company’s stock valued at $161,000 after acquiring an additional 7,300 shares during the last quarter. 88.04% of the stock is owned by institutional investors.
Commercial Metals Company Profile
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 four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells 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.
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