Commercial Metals Company (CMC) Set to Announce Quarterly Earnings on Thursday

Commercial Metals Company (CSE:CMC) will announce its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Shares of Commercial Metals Company (CSE:CMC) opened at 21.59 on Thursday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 33.37 and a beta of 1.22. The company has a 50 day moving average of $18.96 and a 200-day moving average of $18.75. Commercial Metals Company has a 52 week low of $15.16 and a 52 week high of $24.64.

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A number of brokerages have recently commented on CMC. Zacks Investment Research upgraded Commercial Metals from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC upgraded Commercial Metals from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America Corporation reiterated a “neutral” rating and set a $20.00 price target (up from $19.00) on shares of Commercial Metals in a report on Sunday, June 25th. Macquarie began coverage on Commercial Metals in a report on Wednesday, September 6th. They set an “underperform” rating and a $16.00 price target for the company. Finally, BidaskClub lowered Commercial Metals from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Commercial Metals presently has an average rating of “Hold” and an average target price of $20.63.

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.

Earnings History for Commercial Metals (NYSE:CMC)

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