Somewhat Positive Press Coverage Somewhat Unlikely to Impact Commercial Metals (CMC) Share Price
Press coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest 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 46.4239243681875 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Expect Commercial Metals (CMC) to Announce $0.26 Earnings Per Share (americanbankingnews.com)
- Commercial Metals (CMC) Receives Media Sentiment Rating of 0.19 – ExpressNewsline (expressnewsline.com)
- A quick recap Technical data on Commercial Metals Company (CMC) – Wall Street Morning (wallstreetmorning.com)
- JPMorgan Chase & Co. Upgrades Commercial Metals (CMC) to Overweight (americanbankingnews.com)
- Steel Stocks Slide as Trump Softens Tariff Stance Amid Criticism (finance.yahoo.com)
CMC has been the subject of several recent research reports. Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a research note on Thursday, December 7th. Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. ValuEngine raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, JPMorgan Chase & Co. raised shares of Commercial Metals from a “neutral” rating to an “overweight” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Commercial Metals currently has a consensus rating of “Hold” and a consensus price target of $21.88.
Commercial Metals (NYSE:CMC) last issued its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. Commercial Metals had a net margin of 1.53% and a return on equity of 8.08%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. sell-side analysts expect that Commercial Metals will post 1.43 EPS for the current year.
In related news, EVP Tracy L. Porter sold 6,935 shares of Commercial Metals stock in a transaction that occurred on 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 transaction, the executive vice president now owns 10 shares in the company, valued at $251.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Adam R. Hickey sold 20,000 shares of Commercial Metals stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $25.85, for a total transaction of $517,000.00. Following the completion of the transaction, the vice president now owns 15,632 shares of the company’s stock, valued at approximately $404,087.20. The disclosure for this sale can be found here. Insiders sold 60,536 shares of company stock valued at $1,541,915 in the last quarter. 1.50% of the stock is 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.
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