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Commercial Metals Company (CMC) Announces Earnings Results

Analysts are also projecting an Average Revenue Estimate for Commercial Metals Company as $1.26 Million in the Current Quarter.

The Stock had a 2.75 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.75 and 2.75 respectively.

03/28/2016 - Commercial Metals Company was downgraded to " by analysts at CLSA.

There has been some selling insider activity on Commercial Metals Company (NYSE:CMC) recently. Jefferies Group LLC reissued a "hold" rating and issued a $19.00 target price on shares of Commercial Metals Company in a report on Wednesday, May 24th. Commercial Metals Company (NYSE:CMC) has risen 10.79% since July 10, 2016 and is uptrending. The firm has "Buy" rating by Credit Agricole given on Monday, August 17. On Wednesday, November 9 the stock rating was upgraded by Citigroup to "Buy".

Insider Trades for Commercial Metals Company show that the latest trade was made on 2 Jul 2017 where Avril (Vicki L), the Director completed a transaction type "Buy" in which 783 shares were traded at a price of $19.95. Credit Suisse Group upgraded shares of Commercial Metals Company from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $19.00 to $24.00 in a report on Tuesday, March 28th. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.27% with $114.23 Million sitting short, betting on future declines. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Commercial Metals Company by 67.2% in the first quarter. First Cash Financial Services Inc now has $2.80B valuation. It's now trading about -2.25% below its 52-week high. (NYSE:MRK) has risen 16.86% since July 11, 2016 and is uptrending. It has outperformed by 5.57% the S&P500. The company stock experienced a -0.23% move to arrive at $994.13. Shares for $43,472 were sold by HICKEY ADAM R on Wednesday, January 25.

Webster Financial Corporation (WBS) declined -0.65% and its total traded volume was 0.8 million shares contrast to the average volume of 0.9 million shares. Regis Management Co Llc who had been investing in Commercial Metals Co for a number of months, seems to be less bullish one the $2.37 billion market cap company. It has underperformed by 5.91% the S&P500.

For a profitability analysis, there is the 54.90% gross margin and the -1.50% net margin to consider. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.12 per share. Its up 0.05, from 1.05 in 2016Q3. Advantus Capital Management Inc increased its stake in Commercial Metals Company by 3.0% in the first quarter. 39 funds opened positions while 63 raised stakes. Arizona State Retirement accumulated 51,620 shares.

Commercial Metals Company (CMC) is an interesting player in the Basic Materials space, with a focus on Steel & Iron.

Commercial Metals Company (NYSE:CMC) last announced its earnings results on Thursday, June 22nd. Wellington Grp Incorporated Limited Liability Partnership has 1.30M shares. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. Amer Century Cos accumulated 336,911 shares or 0.01% of the stock.

11/11/2016 - Commercial Metals Company was downgraded to " by analysts at D.A. Davidson. Legal General Group Public Lc reported 188,781 shares. Finally, Elkfork Partners LLC boosted its position in Commercial Metals Company by 13.6% in the first quarter.

Analysts await FirstCash Inc (NYSE:FCFS) to report earnings on July, 27. On average, analysts predict that Commercial Metals Company will post $0.93 earnings per share for the current fiscal year. FCFS's profit will be $22.13M for 31.63 P/E if the $0.46 EPS becomes a reality. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.11. Its up 0.03, from 0.08 in 2016Q3. A rating of 4 or 5 would indicate a consensus Sell. Grandeur Peak Global Advsr reported 3.41% in FirstCash Inc (NYSE:FCFS). For CMC, the company now has $289.78 Million of cash on the books, which is offset by $312.22 Million current liabilities.

The stock has Return on Assets (ROA) of 2.4 percent. 69,989 were reported by Burney. Hsbc Holdg Pcl owns 29,242 shares for 0% of their portfolio. Employees Retirement Association Of Colorado stated it has 10,467 shares. RL comes in with a P/S ratio of 0.92 that's below 1, potentially implying that it could be cheap relative to the overall sector (4613.07) and its peers (2.97). On Thursday, June 15 Averill Howard M bought $25,416 worth of Time Warner Inc (NYSE:TWX) or 255 shares.

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