Commercial Metals (NYSE:CMC – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, June 16th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Commercial Metals (NYSE:CMC – Get Rating) last released its quarterly earnings data on Thursday, March 17th. The basic materials company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.25. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. Commercial Metals had a net margin of 11.43% and a return on equity of 27.25%. Commercial Metals’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. On average, analysts expect Commercial Metals to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Commercial Metals stock opened at $40.87 on Thursday. The company has a market capitalization of $4.96 billion, a PE ratio of 5.58 and a beta of 1.14. The firm has a fifty day simple moving average of $40.55 and a two-hundred day simple moving average of $37.80. The company has a quick ratio of 2.85, a current ratio of 4.23 and a debt-to-equity ratio of 0.50. Commercial Metals has a twelve month low of $28.76 and a twelve month high of $46.68.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 13th. Shareholders of record on Wednesday, March 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, March 29th. Commercial Metals’s dividend payout ratio (DPR) is presently 7.64%.

In other Commercial Metals news, CEO Barbara Smith sold 13,582 shares of the firm’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $46.46, for a total transaction of $631,019.72. Following the transaction, the chief executive officer now owns 520,203 shares in the company, valued at approximately $24,168,631.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John R. Mcpherson purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was acquired at an average price of $40.55 per share, for a total transaction of $202,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $202,750. The disclosure for this purchase can be found here. Over the last three months, insiders sold 38,582 shares of company stock valued at $1,718,106. Insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of CMC. Geneos Wealth Management Inc. boosted its stake in shares of Commercial Metals by 920.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock worth $42,000 after buying an additional 920 shares during the last quarter. Covestor Ltd boosted its stake in shares of Commercial Metals by 7,166.7% in the 1st quarter. Covestor Ltd now owns 1,962 shares of the basic materials company’s stock worth $82,000 after buying an additional 1,935 shares during the last quarter. Ethic Inc. purchased a new position in shares of Commercial Metals in the 1st quarter worth approximately $212,000. Paradigm Financial Partners LLC purchased a new position in shares of Commercial Metals in the 4th quarter worth approximately $246,000. Finally, Cetera Investment Advisers purchased a new position in shares of Commercial Metals in the 1st quarter worth approximately $269,000. 85.01% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Commercial Metals in a research note on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group reduced their price target on shares of Commercial Metals from $42.00 to $38.00 in a report on Tuesday, May 31st. JPMorgan Chase & Co. boosted their target price on shares of Commercial Metals from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 24th. BMO Capital Markets upped their price objective on shares of Commercial Metals from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Friday, March 18th. Finally, KeyCorp upped their price objective on shares of Commercial Metals from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $43.11.

Commercial Metals Company Profile (Get Rating)

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. 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.

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