Commercial Metals Company (CMC) Analysts See $0.38 EPS

Commercial Metals Company (NYSE:CMC) LogoInvestors sentiment decreased to 1.3 in 2018 Q2. Its down 0.04, from 1.34 in 2018Q1. It is negative, as 24 investors sold Commercial Metals Company shares while 60 reduced holdings. 26 funds opened positions while 83 raised stakes. 102.21 million shares or 0.66% less from 102.89 million shares in 2018Q1 were reported.
Fuller & Thaler Asset Mgmt Inc invested in 4.24M shares. Voya Limited Liability Com holds 0.1% in Commercial Metals Company (NYSE:CMC) or 2.13M shares. Bogle Inv Management Limited Partnership De has 0.08% invested in Commercial Metals Company (NYSE:CMC) for 53,308 shares. Ing Groep Nv reported 17,922 shares stake. Bankshares Of Montreal Can has invested 0% in Commercial Metals Company (NYSE:CMC). Highline Capital Management Limited Partnership has 2.47% invested in Commercial Metals Company (NYSE:CMC) for 3.49M shares. Goldman Sachs Group holds 0.02% or 2.84 million shares. Proshare Advsr owns 34,453 shares or 0% of their US portfolio. Amalgamated Bancshares has 17,084 shares. Penn Cap Incorporated has 72,856 shares for 0.12% of their portfolio. Texas Permanent School Fund holds 75,516 shares. Amer Int Gru Inc stated it has 309,190 shares. Advsrs Asset Incorporated holds 468,171 shares. Moreover, Ajo L P has 0% invested in Commercial Metals Company (NYSE:CMC) for 33,018 shares. Gotham Asset Lc holds 0.03% in Commercial Metals Company (NYSE:CMC) or 84,185 shares.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.38 EPS on January, 2.They anticipate $0.08 EPS change or 26.67 % from last quarter’s $0.3 EPS. CMC’s profit would be $44.69 million giving it 12.14 P/E if the $0.38 EPS is correct. After having $0.51 EPS previously, Commercial Metals Company’s analysts see -25.49 % EPS growth. The stock decreased 3.00% or $0.57 during the last trading session, reaching $18.45. About 926,605 shares traded. Commercial Metals Company (NYSE:CMC) has risen 13.61% since December 7, 2017 and is uptrending. It has underperformed by 2.01% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 4 analysts covering Commercial Metals (NYSE:CMC), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Commercial Metals had 6 analyst reports since June 12, 2018 according to SRatingsIntel. On Tuesday, June 19 the stock rating was downgraded by Bank of America to “Underperform”. Citigroup maintained it with “Neutral” rating and $22 target in Tuesday, November 6 report. Citigroup maintained it with “Neutral” rating and $19 target in Monday, October 29 report. The rating was upgraded by Goldman Sachs to “Neutral” on Tuesday, August 14. Citigroup maintained it with “Neutral” rating and $24 target in Tuesday, June 12 report.

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 $2.17 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 15.8 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.

More notable recent Commercial Metals Company (NYSE:CMC) news were published by: Seekingalpha.com which released: “Kaiser Aluminum cut to Sell, Commercial Metals upgraded at Goldman – Seeking Alpha” on August 14, 2018, also Seekingalpha.com with their article: “Nucor to suspend production in Carolina mills ahead of hurricane – Seeking Alpha” published on September 12, 2018, Seekingalpha.com published: “U.S. Steel downgraded as Deutsche Bank offers more cautious steel outlook – Seeking Alpha” on October 02, 2018. More interesting news about Commercial Metals Company (NYSE:CMC) were released by: Seekingalpha.com and their article: “Commercial Metals Company (CMC) CEO Barbara Smith on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on June 21, 2018 as well as Marketwatch.com‘s news article titled: “Stocks close higher as gains for defensive sectors outweigh U.S.-China trade jitters – MarketWatch” with publication date: November 27, 2018.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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