Analysts Estimate Report : What to Look Out for Commercial Metals (NYSE:CMC)

Earnings results for Commercial Metals (NYSE:CMC)

Commercial Metals Company is expected* to report earnings on 10/14/2021 before market open. The report will be for the fiscal Quarter ending Aug 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.26. The reported EPS for the same quarter last year was $0.79.

Commercial Metals has confirmed that its next quarterly earnings report will be published on Thursday, October 14th, 2021. Commercial Metals will be holding an earnings conference call on Thursday, October 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call..

Analyst Opinion on Commercial Metals (NYSE:CMC)

According to the issued ratings of 8 analysts in the last year, the consensus rating for Commercial Metals stock is Hold based on the current 1 sell rating and 7 hold ratings for CMC. The average twelve-month price target for Commercial Metals is $29.00 with a high price target of $39.00 and a low price target of $21.00.

on CMC’s analyst rating history

Commercial Metals has received a consensus rating of Hold. The company’s average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $29.00, Commercial Metals has a forecasted downside of 10.0% from its current price of $32.21. Commercial Metals has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Commercial Metals (NYSE:CMC)

Commercial Metals pays a meaningful dividend of 1.50%, higher than the bottom 25% of all stocks that pay dividends. Commercial Metals has only been increasing its dividend for 1 years. The dividend payout ratio of Commercial Metals is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Commercial Metals will have a dividend payout ratio of 16.44% next year. This indicates that Commercial Metals will be able to sustain or increase its dividend.

Insiders buying/selling: Commercial Metals (NYSE:CMC)

In the past three months, Commercial Metals insiders have not sold or bought any company stock. Only 1.40% of the stock of Commercial Metals is held by insiders. 87.74% of the stock of Commercial Metals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Commercial Metals (NYSE:CMC

Earnings for Commercial Metals are expected to decrease by -16.81% in the coming year, from $3.51 to $2.92 per share. The P/E ratio of Commercial Metals is 11.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.76. The P/E ratio of Commercial Metals is 11.89, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.98. Commercial Metals has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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