Equities analysts predict that Commercial Metals (NYSE:CMC) will post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks. Four analysts have issued estimates for Commercial Metals’ earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.63. Commercial Metals posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 48.6%. The firm is expected to announce its next quarterly earnings report on Monday, January 6th.

According to Zacks, analysts expect that Commercial Metals will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $1.70 to $2.30. For the next financial year, analysts expect that the business will post earnings of $1.82 per share, with EPS estimates ranging from $1.45 to $2.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Commercial Metals.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. Commercial Metals had a return on equity of 16.04% and a net margin of 3.40%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS.

A number of equities research analysts recently weighed in on CMC shares. JPMorgan Chase & Co. set a $22.00 price target on Commercial Metals and gave the company a “buy” rating in a research note on Monday, September 23rd. Goldman Sachs Group cut Commercial Metals from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Sunday, September 22nd. ValuEngine upgraded Commercial Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Exane BNP Paribas started coverage on Commercial Metals in a research note on Thursday. They issued an “outperform” rating on the stock. Finally, Bank of America increased their price target on Commercial Metals from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Commercial Metals currently has a consensus rating of “Hold” and a consensus price target of $18.87.

Shares of NYSE CMC traded up $0.08 during trading hours on Friday, hitting $20.21. The company had a trading volume of 939,622 shares, compared to its average volume of 1,483,483. The stock has a market capitalization of $2.34 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.78. The company has a quick ratio of 2.00, a current ratio of 2.99 and a debt-to-equity ratio of 0.76. Commercial Metals has a 1-year low of $13.27 and a 1-year high of $20.67. The firm’s 50 day moving average is $18.99 and its 200-day moving average is $17.12.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, November 5th. Commercial Metals’s dividend payout ratio (DPR) is presently 23.08%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC bought a new position in Commercial Metals during the 3rd quarter worth $280,000. Alps Advisors Inc. bought a new position in Commercial Metals during the 3rd quarter worth $336,000. SG Americas Securities LLC bought a new position in Commercial Metals during the 3rd quarter worth $118,000. First Trust Advisors LP increased its position in Commercial Metals by 10.0% during the 3rd quarter. First Trust Advisors LP now owns 125,187 shares of the basic materials company’s stock worth $2,176,000 after buying an additional 11,418 shares during the period. Finally, ARP Americas LP bought a new position in Commercial Metals during the 3rd quarter worth $193,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. 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.

Recommended Story: Capital Gains

Get a free copy of the Zacks research report on Commercial Metals (CMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Commercial Metals (NYSE:CMC)

Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.com's FREE daily email newsletter.