$0.26 EPS Expected for Commercial Metals Company (CMC)

March 16, 2018 - By wolcottdaily

 $0.26 EPS Expected for Commercial Metals Company (CMC)
Investors sentiment is 0.98 in Q3 2017. Its the same as in 2017Q2. It is flat, as 24 investors sold Commercial Metals Company shares while 61 reduced holdings. only 27 funds opened positions while 56 raised stakes. 100.74 million shares or 2.15% less from 102.95 million shares in 2017Q2 were reported.
Advantus Capital Mngmt stated it has 14,616 shares or 0.01% of all its holdings. Price T Rowe Assoc Md invested in 0.01% or 3.24M shares. Van Eck Associate Corp accumulated 182,466 shares. 707,304 are owned by Savings Bank Of America Corp De. Strs Ohio owns 1,700 shares. Swiss Savings Bank, a Switzerland-based fund reported 190,400 shares. State Teachers Retirement Sys holds 0.01% in Commercial Metals Company (NYSE:CMC) or 241,959 shares. Arizona State Retirement holds 0.01% or 65,650 shares in its portfolio. Jacobs Levy Equity, New Jersey-based fund reported 176,391 shares. Invesco stated it has 128,116 shares or 0% of all its holdings. King Luther Cap Management Corporation has 227,265 shares for 0.04% of their portfolio. The Massachusetts-based Winslow Evans Crocker Inc has invested 0% in Commercial Metals Company (NYSE:CMC). Employees Retirement Association Of Colorado holds 0% in Commercial Metals Company (NYSE:CMC) or 22,247 shares. Alliancebernstein L P, a New York-based fund reported 250,899 shares. Gru Inc Inc has 314,393 shares for 0.02% of their portfolio.

Since January 16, 2018, it had 0 buys, and 3 sales for $1.54 million activity. 20,536 Commercial Metals Company (NYSE:CMC) shares with value of $514,950 were sold by Porter Tracy L.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.26 EPS on March, 22 before the open.They anticipate $0.01 EPS change or 4.00 % from last quarter’s $0.25 EPS. CMC’s profit would be $30.32 million giving it 23.38 P/E if the $0.26 EPS is correct. After having $0.30 EPS previously, Commercial Metals Company’s analysts see -13.33 % EPS growth. The stock decreased 0.90% or $0.22 during the last trading session, reaching $24.31. About 1.56 million shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since March 16, 2017 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 13 analysts covering Commercial Metals (NYSE:CMC), 8 have Buy rating, 3 Sell and 2 Hold. Therefore 62% are positive. Commercial Metals has $30.0 highest and $15 lowest target. $21’s average target is -13.62% below currents $24.31 stock price. Commercial Metals had 39 analyst reports since August 17, 2015 according to SRatingsIntel. The company was initiated on Monday, August 22 by Citigroup. The firm has “Hold” rating by Bank of America given on Wednesday, March 14. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Monday, October 30. Jefferies has “Buy” rating and $24 target. The firm has “Hold” rating given on Monday, March 21 by Jefferies. The rating was maintained by Jefferies on Wednesday, September 16 with “Buy”. Jefferies upgraded the stock to “Buy” rating in Wednesday, November 9 report. The stock of Commercial Metals Company (NYSE:CMC) has “Buy” rating given on Tuesday, June 13 by Citigroup. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Zacks on Wednesday, September 2. The company was downgraded on Thursday, June 2 by Bank of America. The rating was downgraded by Macquarie Research on Monday, October 31 to “Neutral”.

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 $2.84 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 37.93 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.

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