Press coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commercial Metals earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.2829163714507 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Commercial Metals (CMC) Declares $0.12 Quarterly Dividend; 2% Yield (streetinsider.com)
- Commercial Metals (CMC) Declares Quarterly Dividend of $0.12 (americanbankingnews.com)
- Commercial Metals (CMC) Earns Sell Rating from Analysts at Goldman Sachs (americanbankingnews.com)
- Zacks Investment Research Upgrades Commercial Metals (CMC) to “Buy” (americanbankingnews.com)
- Deprince Race & Zollo INC Increases Holding in Commercial Metals Co (CMC) – Thе Malibu Rеpоrt (malibureport.com)
Several equities research analysts have recently weighed in on CMC shares. Bank of America raised Commercial Metals from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a research note on Thursday, December 7th. Zacks Investment Research lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. ValuEngine raised Commercial Metals from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. raised Commercial Metals from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. Finally, Goldman Sachs started coverage on Commercial Metals in a research note on Tuesday. They set a “sell” rating and a $25.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.00.
Commercial Metals (NYSE:CMC) last released its earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. equities analysts expect that Commercial Metals will post 1.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.01%. Commercial Metals’s payout ratio is currently 72.73%.
In related news, EVP Tracy L. Porter sold 13,601 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $25.04, for a total transaction of $340,569.04. Following the completion of the sale, the executive vice president now directly owns 10 shares in the company, valued at $250.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Adam R. Hickey sold 20,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $25.85, for a total value of $517,000.00. Following the sale, the vice president now owns 15,632 shares of the company’s stock, valued at $404,087.20. The disclosure for this sale can be found here. Insiders sold 60,536 shares of company stock valued at $1,541,915 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
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Commercial Metals Company Profile
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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