Commercial Metals (CMC) Receiving Somewhat Favorable News Coverage, Report Finds

News coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Commercial Metals earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.6240326918884 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Commercial Metals (CMC) opened at $22.42 on Friday. The company has a quick ratio of 2.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $2,638.21, a PE ratio of 33.97 and a beta of 1.27. Commercial Metals has a 12-month low of $17.05 and a 12-month high of $25.90.

Commercial Metals (NYSE:CMC) last released its earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. Commercial Metals’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. research analysts expect that Commercial Metals will post 1.42 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, January 12th. Commercial Metals’s dividend payout ratio is currently 72.73%.

Several analysts have issued reports on CMC shares. Zacks Investment Research downgraded Commercial Metals from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Bank of America raised Commercial Metals from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Thursday, December 7th. Finally, Jefferies Group dropped their price target on Commercial Metals from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.88.

In related news, EVP Tracy L. Porter sold 13,601 shares of Commercial Metals stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $25.04, for a total value of $340,569.04. Following the sale, the executive vice president now owns 10 shares of the company’s stock, valued at $250.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracy L. Porter sold 6,935 shares of Commercial Metals stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $25.14, for a total value of $174,345.90. Following the completion of the sale, the executive vice president now directly owns 10 shares in the company, valued at approximately $251.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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About Commercial Metals

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.

Insider Buying and Selling by Quarter for Commercial Metals (NYSE:CMC)

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