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.
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