Commercial Metals
CMC

$60.35

2.2%

Market Cap: 6.95B

About: Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.

Employees: 13,022

Materials Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $40.1M | Put options by funds: $29.6M

14% more capital invested

Capital invested by funds: $5.03B [Q4 2023] → $5.76B (+$723M) [Q1 2024]

0.31% less ownership

Funds ownership: 85.97% [Q4 2023] → 85.66% (-0.31%) [Q1 2024]

4% less funds holding

Funds holding: 424 [Q4 2023] → 409 (-15) [Q1 2024]

24% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 63

39% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 184

75% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 1 (-3) [Q1 2024]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$60

1%

downside

Avg. target

$65

7%

upside

High target

$69

14%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

B of A Securities Lawson Winder	14%upside $69	Buy Maintained	26 Jun 2024
BMO Capital Katja Jancic	1%downside $60	Market Perform Maintained	22 Mar 2024

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Financial journalist opinion

Zacks Investment Research

Commercial Metals (CMC) Bets on US Demand as Europe Market Ails

Commercial Metals (CMC) gains from strong demand in North America for each of its primary product lines. However, market uncertainties in Europe remain a concern for the company.

Commercial Metals (CMC) Bets on US Demand as Europe Market Ails

Zacks Investment Research

Commercial Metals (CMC) Q3 Earnings Beat, Sales Dip Y/Y

Commercial Metals' (CMC) Q3 top line primarily reflects the impacts of the ongoing challenging environment in Europe.

Commercial Metals (CMC) Q3 Earnings Beat, Sales Dip Y/Y

Commercial Metals Company (CMC) Q3 2024 Earnings Call Transcript

Commercial Metals Company (NYSE:CMC ) Q3 2024 Earnings Call Transcript June 20, 2024 11:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Tristan Gresser - BNP Paribas Curt Woodworth - UBS Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Alex Hacking - Citi Operator Hello, and welcome everyone, to the Third Quarter Fiscal 2024 Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice President and Chief Financial Officer.

Commercial Metals Company (CMC) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Commercial Metals (CMC) Beats Q3 Earnings and Revenue Estimates

Commercial Metals (CMC) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $2.02 per share a year ago.

Commercial Metals (CMC) Beats Q3 Earnings and Revenue Estimates

CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Third quarter net earnings of $119.4 million, or $1.02 per diluted share Consolidated core EBITDA of $256.1 million; core EBITDA margin of 12.3% Solid seasonal demand and underlying market fundamentals in North America supported healthy shipment volumes and product margins Stable North American downstream backlog volumes due to robust pipeline of new construction projects Emerging Businesses Group adjusted EBITDA and adjusted EBITDA margin rebounded sharply, reflecting continued strong demand for our high margin construction solutions Europe Steel Group achieved near breakeven results, continuing the trend of improving performance despite a challenging market backdrop IRVING, Texas , June 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2024. Net earnings were $119.4 million, or $1.02 per diluted share, on net sales of $2.1 billion, compared to prior year period net earnings of $234.0 million, or $1.98 per diluted share, on net sales of $2.3 billion.

CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTS

CMC Announces Quarterly Dividend of $0.18 Per Share

IRVING, Texas , June 19, 2024 /PRNewswire/ -- Today, June 19, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 239th consecutive quarterly dividend will be paid on July 10, 2024, to stockholders of record as of the close of business on July 1, 2024.

CMC Announces Quarterly Dividend of $0.18 Per Share

Zacks Investment Research

What's in Store for Commercial Metals (CMC) in Q3 Earnings?

Commercial Metals' (CMC) fiscal third-quarter results are likely to reflect strong demand in North America, offset by weak market conditions in Europe.

What's in Store for Commercial Metals (CMC) in Q3 Earnings?

Zacks Investment Research

Analysts Estimate Commercial Metals (CMC) to Report a Decline in Earnings: What to Look Out for

Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Commercial Metals (CMC) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research

Commercial Metals (CMC) Upgraded to Buy: Here's What You Should Know

Commercial Metals (CMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Commercial Metals (CMC) Upgraded to Buy: Here's What You Should Know

Zacks Investment Research

Are Investors Undervaluing Commercial Metals (CMC) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Commercial Metals (CMC) Right Now?

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