EPS for Commercial Metals Company (CMC) Expected At $0.41

June 14, 2018 - By Shawn Hawthorne

Commercial Metals Company (NYSE:CMC) LogoInvestors sentiment decreased to 1.34 in Q1 2018. Its down 0.10, from 1.44 in 2017Q4. It is negative, as 21 investors sold Commercial Metals Company shares while 65 reduced holdings. 42 funds opened positions while 73 raised stakes. 102.89 million shares or 3.17% more from 99.73 million shares in 2017Q4 were reported.
Dimensional Fund Advsrs Lp accumulated 0.08% or 9.79M shares. Qs Ltd Limited Liability Company has 0.03% invested in Commercial Metals Company (NYSE:CMC) for 128,090 shares. Barclays Public Limited holds 0% or 106,684 shares in its portfolio. Mesirow Financial Inv owns 449,433 shares. Ajo L P holds 0% or 33,018 shares. Victory Capital owns 0.02% invested in Commercial Metals Company (NYSE:CMC) for 458,590 shares. D E Shaw And Com holds 0% or 12,165 shares. Commonwealth Of Pennsylvania School Empls Retrmt System stated it has 0.01% in Commercial Metals Company (NYSE:CMC). 229,775 are held by Snow Capital Limited Partnership. Moreover, Ameritas has 0.04% invested in Commercial Metals Company (NYSE:CMC). Ny State Teachers Retirement System owns 241,159 shares. South Africa-based Old Mutual Customised Solutions (Proprietary) Limited has invested 0.01% in Commercial Metals Company (NYSE:CMC). Morgan Stanley holds 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC) for 898,179 shares. Employees Retirement Of Texas, a Texas-based fund reported 175,000 shares. Clarivest Asset Limited Liability Corp reported 284,400 shares.

Since January 16, 2018, it had 0 buys, and 3 insider sales for $1.54 million activity. $514,950 worth of Commercial Metals Company (NYSE:CMC) shares were sold by Porter Tracy L.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.41 EPS on June, 21 before the open.They anticipate $0.07 EPS change or 20.59 % from last quarter’s $0.34 EPS. CMC’s profit would be $47.96 million giving it 14.57 P/E if the $0.41 EPS is correct. After having $0.26 EPS previously, Commercial Metals Company’s analysts see 57.69 % EPS growth. The stock decreased 1.85% or $0.45 during the last trading session, reaching $23.9. About 1.47 million shares traded. Commercial Metals Company (NYSE:CMC) has risen 26.05% since June 14, 2017 and is uptrending. It has outperformed by 13.48% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 9 analysts covering Commercial Metals Company (NYSE:CMC), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Commercial Metals Company has $30.0 highest and $24 lowest target. $25.14’s average target is 5.19% above currents $23.9 stock price. Commercial Metals Company had 11 analyst reports since January 9, 2018 according to SRatingsIntel. On Friday, March 9 the stock rating was upgraded by JP Morgan to “Overweight”. Jefferies maintained it with “Buy” rating and $29.0 target in Tuesday, January 9 report. The firm has “Neutral” rating by Citigroup given on Tuesday, April 3. The rating was upgraded by Macquarie Research on Thursday, May 17 to “Neutral”. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Thursday, March 22. Jefferies has “Buy” rating and $2800 target. Bank of America downgraded the shares of CMC in report on Wednesday, March 14 to “Hold” rating. The stock of Commercial Metals Company (NYSE:CMC) has “Buy” rating given on Friday, March 9 by J.P. Morgan. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 29. Citigroup maintained the shares of CMC in report on Tuesday, June 12 with “Neutral” rating.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.80 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 51.29 P/E ratio. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

Another recent and important Commercial Metals Company (NYSE:CMC) news was published by 247Wallst.com which published an article titled: “If Tariffs Are So Bad Why Are Steel Stocks Still Red Hot?” on June 12, 2018.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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