Commercial Metals Company (CMC) EPS Estimated At $0.26

March 13, 2018 - By Adrian Erickson

 Commercial Metals Company (CMC) EPS Estimated At $0.26
Investors sentiment is 0.98 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 24 investors sold Commercial Metals Company shares while 61 reduced holdings. only 27 funds opened positions while 56 raised stakes. 100.74 million shares or 2.15% less from 102.95 million shares in 2017Q2 were reported.
Bluecrest Cap reported 0.04% in Commercial Metals Company (NYSE:CMC). State Street Corp stated it has 5.90 million shares. The Alabama-based Mesirow has invested 1.17% in Commercial Metals Company (NYSE:CMC). Whittier Tru Of Nevada holds 1,400 shares. Oregon Employees Retirement Fund reported 42,683 shares. Trexquant Invest Ltd Partnership reported 0.11% in Commercial Metals Company (NYSE:CMC). 204,848 were reported by Legal & General Public Limited. Guggenheim Ltd Liability Co holds 100,348 shares or 0% of its portfolio. Commercial Bank Of New York Mellon Corporation accumulated 0.02% or 2.93 million shares. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 16,890 shares or 0% of the stock. Prudential Incorporated holds 78,622 shares or 0% of its portfolio. Verition Fund Management Ltd Liability owns 18,677 shares or 0.03% of their US portfolio. Utd Finance Advisers Ltd Company stated it has 25,312 shares. Indexiq Advsr Lc reported 45,308 shares. Texas Permanent School Fund holds 0.02% of its portfolio in Commercial Metals Company (NYSE:CMC) for 84,524 shares.

Since January 16, 2018, it had 0 buys, and 3 selling transactions for $1.54 million activity. Another trade for 20,536 shares valued at $514,950 was made by Porter Tracy L on Tuesday, January 16.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.26 EPS on March, 22.They anticipate $0.01 EPS change or 4.00 % from last quarter’s $0.25 EPS. CMC’s profit would be $30.32 million giving it 24.65 P/E if the $0.26 EPS is correct. After having $0.30 EPS previously, Commercial Metals Company’s analysts see -13.33 % EPS growth. The stock increased 0.20% or $0.05 during the last trading session, reaching $25.64. About 702,664 shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since March 13, 2017 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 13 analysts covering Commercial Metals (NYSE:CMC), 9 have Buy rating, 3 Sell and 1 Hold. Therefore 69% are positive. Commercial Metals had 38 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Citigroup on Thursday, January 19. The rating was downgraded by Bank of America on Thursday, June 8 to “Neutral”. Jefferies maintained it with “Hold” rating and $19.0 target in Wednesday, August 30 report. CLSA downgraded Commercial Metals Company (NYSE:CMC) on Monday, March 28 to “Sell” rating. The rating was upgraded by JP Morgan on Friday, March 9 to “Overweight”. On Tuesday, January 9 the stock rating was maintained by Jefferies with “Buy”. Bank of America upgraded it to “Buy” rating and $24.0 target in Thursday, December 7 report. Jefferies downgraded Commercial Metals Company (NYSE:CMC) on Monday, March 21 to “Hold” rating. The company was maintained on Monday, June 26 by Jefferies. The rating was maintained by Jefferies with “Hold” on Wednesday, October 4.

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 $2.99 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 40 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.

More important recent Commercial Metals Company (NYSE:CMC) news were published by: which released: “JPMorgan Upgrades Commercial Metals Company (CMC) to Overweight” on March 09, 2018, also published article titled: “Irving company sees stock rise after landmark Trump decision”, published: “Are Options Traders Betting on a Big Move in Commercial Metals (CMC) Stock?” on February 23, 2018. More interesting news about Commercial Metals Company (NYSE:CMC) was released by: and their article: “‘It could drive us out of business’: DFW companies voice support, disdain for …” with publication date: March 12, 2018.

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