Commercial Metals (CMC) Set to Announce Earnings on Wednesday

Commercial Metals (NYSE:CMC) is set to release its earnings data before the market opens on Wednesday, January 3rd. Analysts expect Commercial Metals to post earnings of $0.19 per share for the quarter.

Shares of Commercial Metals (NYSE:CMC) opened at $21.32 on Monday. Commercial Metals has a 52 week low of $17.05 and a 52 week high of $23.28. The firm has a market cap of $2,486.57, a P/E ratio of 53.30 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.58.

Several brokerages recently weighed in on CMC. Zacks Investment Research downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Macquarie began coverage on shares of Commercial Metals in a research note on Wednesday, September 6th. They set an “underperform” rating and a $16.00 target price on the stock. Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a research note on Thursday, December 7th. Finally, Citigroup cut their target price on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Four research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.88.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/01/commercial-metals-cmc-set-to-announce-earnings-on-wednesday.html.

Commercial Metals Company Profile

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.

Earnings History for Commercial Metals (NYSE:CMC)

Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply