Is Commercial Metals Co. (NYSE: CMC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. The current market capitalization of Commercial Metals Co. is $6.20B. A total of 0.83 million shares were traded on the day, compared to an average of 778.45K shares.

In the most recent transaction, Smith Barbara bought 55,975 shares of CMC for 54.43 per share on Oct 29 ’24. In a previous transaction on Oct 21 ’24, Smith Barbara bought 71,777 shares at 55.38 per share.

Among the insiders who sold shares, Smith Barbara disposed of 35,704 shares on Mar 27 ’24 at a per-share price of $57.88. This resulted in the Executive Chairman holding 36,196 shares of CMC after the transaction. In another insider transaction, Smith Barbara sold 23,619 shares at $51.65 per share on Feb 07 ’24. Company shares held by the Executive Chairman now total 72,400.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Commercial Metals Co. pays an annual dividend of $0.52, resulting in a dividend yield of 0.96%, and it has a price to earnings (P/E) ratio of 13.14. CMC’s most recent ex-dividend date was 10/31/2024 when it declared a $0.18 quarterly dividend that was paid in cash on 11/14/2024. Previously, the company paid the dividend on 7/10/2024 with an ex-dividend date of 7/1/2024. The CMC stock dividend was $0.18 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CMC has a high of $61.26 and a low of $41.86.

As of this writing, CMC has an earnings estimate of $0.85 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $0.98 per share and a lower estimate of $0.69. The company reported an EPS of $1.63 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CMC’s latest balance sheet shows that the firm has $497.75M in Cash & Short Term Investments as of fiscal 2021. There were $1.07B in debt and $980.47M in liabilities at the time. Its Book Value Per Share was $37.68, while its Total Shareholder’s Equity was $2.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMC is Buy with a score of 3.86.

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