$0.19 EPS Expected for Commercial Metals Company (CMC)

December 5, 2017 - By Marie Mckinney


Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.09, from 1.07 in 2017Q1. It turned negative, as 33 investors sold Commercial Metals Company shares while 62 reduced holdings. 23 funds opened positions while 70 raised stakes. 102.95 million shares or 1.30% more from 101.63 million shares in 2017Q1 were reported.
The Netherlands-based Shell Asset Mgmt has invested 0.05% in Commercial Metals Company (NYSE:CMC). Aqr Cap Ltd Co accumulated 2.96M shares or 0.08% of the stock. 332,686 are held by Nationwide Fund Advsrs. California Public Employees Retirement has invested 0.01% in Commercial Metals Company (NYSE:CMC). First Midwest Bankshares Trust Division reported 20,152 shares. 28,818 were reported by Tfs Cap Ltd. Profund Advsrs Ltd Liability Corporation holds 20,467 shares. Guggenheim Limited Liability Com has invested 0.01% in Commercial Metals Company (NYSE:CMC). Ray Gerald L Assoc Ltd has 0.04% invested in Commercial Metals Company (NYSE:CMC) for 16,400 shares. Whittier Co Of Nevada Inc invested 0% in Commercial Metals Company (NYSE:CMC). First Manhattan owns 612,695 shares for 0.1% of their portfolio. Bankshares Of America De holds 0% or 609,025 shares. Voya Invest Management Limited Liability Company accumulated 2.36M shares. Chicago Equity Ltd reported 24,650 shares. 2.97 million are owned by Comml Bank Of Ny Mellon.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.19 EPS on January, 8.They anticipate $0.09 EPS change or 90.00 % from last quarter’s $0.1 EPS. CMC’s profit would be $22.16M giving it 26.20 P/E if the $0.19 EPS is correct. After having $0.07 EPS previously, Commercial Metals Company’s analysts see 171.43 % EPS growth. The stock increased 0.71% or $0.14 during the last trading session, reaching $19.91. About 2.01M shares traded or 10.71% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since December 5, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 12 analysts covering Commercial Metals (NYSE:CMC), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. Commercial Metals had 34 analyst reports since August 17, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CMC in report on Monday, March 28 with “Neutral” rating. As per Wednesday, January 13, the company rating was reinitiated by Jefferies. The stock of Commercial Metals Company (NYSE:CMC) has “Hold” rating given on Thursday, May 25 by Jefferies. The firm earned “Underperform” rating on Thursday, June 2 by Bank of America. The stock of Commercial Metals Company (NYSE:CMC) has “Hold” rating given on Thursday, July 27 by Jefferies. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 28. The stock of Commercial Metals Company (NYSE:CMC) earned “Hold” rating by Jefferies on Wednesday, August 30. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Wednesday, September 16. Jefferies has “Buy” rating and $20 target. As per Monday, March 28, the company rating was downgraded by CLSA. The firm has “Neutral” rating given on Monday, August 22 by Citigroup.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.32 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 30.77 P/E ratio. 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.

Another recent and important Commercial Metals Company (NYSE:CMC) news was published by Nasdaq.com which published an article titled: “Commercial Metals Company (CMC) Ex-Dividend Date Scheduled for November 07, 2017” on November 06, 2017.

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