Press coverage about Commercial Metals (NYSE:CMC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commercial Metals earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.2311355746614 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Technical Secrets – Commercial Metals Company (NYSE: CMC) – Alpha Beta Stock (alphabetastock.com)
- With An ROE Of 5.83%, Has Comeco SA.’s (WSE:CMC) Management Done Well? (finance.yahoo.com)
- Is the Options Market Predicting a Spike in Commercial Metals (CMC) Stock? (finance.yahoo.com)
- Technicals in Focus: Commercial Metals Company (NYSE: CMC) – Alpha Beta Stock (alphabetastock.com)
- BofA/Merrill Lynch Downgrades Commercial Metals Company (CMC) to Neutral – StreetInsider.com (streetinsider.com)
A number of research firms have commented on CMC. JPMorgan Chase & Co. raised shares of Commercial Metals from a “neutral” rating to an “overweight” rating in a report on Friday, March 9th. ValuEngine raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Finally, Bank of America downgraded shares of Commercial Metals from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $25.36 to $28.00 in a report on Wednesday. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.38.
Commercial Metals (CMC) opened at $24.63 on Friday. The company has a market cap of $2,860.98, a price-to-earnings ratio of 37.32 and a beta of 1.21. The company has a quick ratio of 2.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.56. Commercial Metals has a 1-year low of $17.05 and a 1-year high of $26.72.
Commercial Metals (NYSE:CMC) last announced its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.14. Commercial Metals had a net margin of 1.53% and a return on equity of 8.08%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities analysts forecast that Commercial Metals will post 1.45 EPS for the current year.
In other news, EVP Tracy L. Porter sold 6,935 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $25.14, for a total transaction of $174,345.90. Following the completion of the transaction, the executive vice president now owns 10 shares of the company’s stock, valued at $251.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Adam R. Hickey sold 20,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $25.50, for a total transaction of $510,000.00. Following the transaction, the chief accounting officer now directly owns 15,632 shares of the company’s stock, valued at approximately $398,616. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,536 shares of company stock valued at $1,541,915. Corporate insiders own 1.50% of the company’s stock.
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About Commercial Metals
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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