$0.25 EPS Expected for Commercial Metals Company (CMC)

October 10, 2017 - By Adrian Erickson

 $0.25 EPS Expected for Commercial Metals Company (CMC)
Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.09, from 1.07 in 2017Q1. It dived, 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.
Hudson Valley Invest Advsrs Inc Adv has invested 0.13% of its portfolio in Commercial Metals Company (NYSE:CMC). Moreover, First Manhattan Commerce has 0.1% invested in Commercial Metals Company (NYSE:CMC). Teachers Retirement System Of The State Of Kentucky owns 31,300 shares or 0.01% of their US portfolio. Rhumbline Advisers owns 0.01% invested in Commercial Metals Company (NYSE:CMC) for 242,308 shares. Mesirow Mngmt owns 965,450 shares. Savings Bank Of Montreal Can stated it has 191,148 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,853 shares or 0% of its portfolio. State Of Tennessee Treasury Department invested in 37,100 shares. Hancock invested in 574,750 shares. Aqr Cap Mngmt Limited Liability Com, Connecticut-based fund reported 2.96M shares. Commonwealth Equity Services has 17,647 shares. Moreover, Dimensional Fund Lp has 0.09% invested in Commercial Metals Company (NYSE:CMC) for 9.74 million shares. Art Ltd Liability Corporation reported 26,900 shares or 0.03% of all its holdings. Wellington Mngmt Gru Llp reported 0.01% stake. Oregon Employees Retirement Fund stated it has 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC).

Analysts await Commercial Metals Company (NYSE:CMC) to report earnings on October, 26. They expect $0.25 EPS, up 13.64 % or $0.03 from last year’s $0.22 per share. CMC’s profit will be $28.88M for 18.61 P/E if the $0.25 EPS becomes a reality. After $0.34 actual EPS reported by Commercial Metals Company for the previous quarter, Wall Street now forecasts -26.47 % negative EPS growth. The stock decreased 1.40% or $0.26 during the last trading session, reaching $18.61. About 1.41M shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since October 10, 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), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. Commercial Metals had 32 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, July 27 by Jefferies. Credit Suisse maintained Commercial Metals Company (NYSE:CMC) on Monday, March 28 with “Neutral” rating. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, March 28. Jefferies maintained the shares of CMC in report on Thursday, May 25 with “Hold” rating. On Thursday, January 19 the stock rating was downgraded by Citigroup to “Neutral”. DA Davidson maintained Commercial Metals Company (NYSE:CMC) rating on Thursday, October 29. DA Davidson has “Buy” rating and $17 target. The firm has “Neutral” rating by DA Davidson given on Friday, November 11. The stock has “Buy” rating by Jefferies on Wednesday, January 13. On Monday, October 31 the stock rating was downgraded by Macquarie Research to “Neutral”. Citigroup initiated it with “Neutral” rating and $16 target in Monday, August 22 report.

Commercial Metals Company, together with its subsidiaries, makes, recycles and markets steel and metal products, related materials and services through a network. The company has market cap of $2.15 billion. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. It has a 28.16 P/E ratio. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar , angles, flats and rounds.

More recent Commercial Metals Company (NYSE:CMC) news were published by: Bizjournals.com which released: “Exclusive: Behind the growth strategy of Commercial Metals’ new CEO, and how …” on September 21, 2017. Also Prnewswire.com published the news titled: “Commercial Metals Company Announces Fourth Quarter Fiscal 2017 Conference Call …” on September 26, 2017. Seekingalpha.com‘s news article titled: “Commercial Metals Has Cash, But Can The Company Leverage It For Growth?” with publication date: September 20, 2017 was also an interesting one.

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