Commercial Metals Company (CMC) EPS Estimated At $0.19

December 20, 2017 - By Vivian Park

 Commercial Metals Company (CMC) EPS Estimated At $0.19
Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.09, from 1.07 in 2017Q1. It dived, as 33 investors sold Commercial Metals Company shares while 62 reduced holdings. 23 funds opened positions while 70 raised stakes. 102.95 million shares or 1.30% more from 101.63 million shares in 2017Q1 were reported.
Susquehanna Group Llp, Pennsylvania-based fund reported 54,800 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Commercial Metals Company (NYSE:CMC) for 5,853 shares. Massachusetts-based Commonwealth Equity Serv has invested 0% in Commercial Metals Company (NYSE:CMC). Moreover, State Of Wisconsin Investment Board has 0.02% invested in Commercial Metals Company (NYSE:CMC) for 322,600 shares. Proshare Advsr Lc has 0% invested in Commercial Metals Company (NYSE:CMC). Valley Natl Advisers reported 1,805 shares. Moreover, Us Comml Bank De has 0% invested in Commercial Metals Company (NYSE:CMC) for 8,244 shares. Cubist Systematic Strategies Limited Company has invested 0.03% of its portfolio in Commercial Metals Company (NYSE:CMC). Moreover, Morgan Stanley has 0.01% invested in Commercial Metals Company (NYSE:CMC). Hancock reported 0.47% stake. Stratos Wealth Limited accumulated 73,442 shares. Highline Capital Management L P stated it has 1.17% in Commercial Metals Company (NYSE:CMC). California Public Employees Retirement accumulated 259,400 shares or 0.01% of the stock. Suntrust Banks invested in 130,503 shares. 244,005 are owned by Cortina Asset.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.19 EPS on January, 3 before the open.They anticipate $0.09 EPS change or 90.00 % from last quarter’s $0.1 EPS. CMC’s profit would be $22.16 million giving it 26.88 P/E if the $0.19 EPS is correct. After having $0.07 EPS previously, Commercial Metals Company’s analysts see 171.43 % EPS growth. The stock decreased 1.21% or $0.25 during the last trading session, reaching $20.43. About 2.43 million shares traded or 40.15% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since December 20, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 12 analysts covering Commercial Metals (NYSE:CMC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Commercial Metals had 35 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, January 19 by Citigroup. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Monday, June 26. Jefferies has “Hold” rating and $1900 target. As per Monday, June 27, the company rating was downgraded by Clarkson Platou. As per Thursday, December 7, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Wednesday, September 16 by Jefferies. The rating was upgraded by Credit Suisse on Tuesday, March 28 to “Outperform”. Jefferies maintained the stock with “Hold” rating in Wednesday, August 30 report. CLSA downgraded Commercial Metals Company (NYSE:CMC) rating on Monday, March 28. CLSA has “Sell” rating and $15 target. As per Wednesday, December 30, the company rating was maintained by JP Morgan. The firm has “Neutral” rating by DA Davidson given on Friday, November 11.

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 $2.38 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 52.79 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 which published an article titled: “Stull, Stull & Brody Announces Investigation Relating to Potential Securities …” on December 16, 2017.

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