Commercial Metals
About: Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.
Employees: 13,178
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 45
13% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 142
3.69% more ownership
Funds ownership: 86.42% [Q3] → 90.11% (+3.69%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
2% less capital invested
Capital invested by funds: $5.49B [Q3] → $5.38B (-$116M) [Q4]
1% less funds holding
Funds holding: 415 [Q3] → 410 (-5) [Q4]
36% less call options, than puts
Call options by funds: $9.65M | Put options by funds: $15M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$54
8%
upside
Avg. target
$61
23%
upside
High target
$75
51%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Morgan Stanley Piyush Sood 0 / 0 met price target | 12%upside $56 | Equal-Weight Maintained | 3 Feb 2025 |
UBS Curt Woodworth 80% 1-year accuracy 8 / 10 met price target | 8%upside $54 | Neutral Upgraded | 10 Jan 2025 |
Jefferies Seth Rosenfeld 75% 1-year accuracy 3 / 4 met price target | 25%upside $62 | Buy Maintained | 6 Jan 2025 |
BMO Capital Katja Jancic 45% 1-year accuracy 5 / 11 met price target | 17%upside $58 | Market Perform Maintained | 3 Jan 2025 |
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target | 51%upside $75 | Buy Initiated | 2 Dec 2024 |
Financial journalist opinion
Based on 3 articles about CMC published over the past 30 days
Negative
Yahoo Finance
1 week ago
Trump tariffs on steel are significant: Fmr. Biden official
President Donald Trump has announced plans to impose a 25% tariff on all steel and aluminum imports into the US, raising concerns about potential retaliation from trading partners. "He ran for election threatening a trade war.
Neutral
Bloomberg Markets and Finance
1 week ago
What Trump's Steel and Aluminum Tariffs Mean for the Metals Market
Bloomberg News Metals & Mining Reporter Joe Deaux joins Bloomberg Businessweek to discuss President Trump's plans to impose 25% tariffs on steel and aluminum imports. -------- More on Bloomberg Television and Markets Like this video?
Positive
Yahoo Finance
1 week ago
Trump vows to impose 25% tariffs on aluminum, steel
Aluminum and steel stocks surged Monday morning following President Donald Trump's promise to impose 25% tariffs on steel and aluminum imports, with US Steel (X) and Alcoa (AA) leading the sector gains. Other climbing stocks in the sector include Commercial Metals (CMC), Nucor Corporation (NUE), and Cleveland-Cliffs (CLF).
Positive
Seeking Alpha
1 month ago
Commercial Metals: Improving Demand, But Supply Growth And Valuation Are Both Concerns
CMC reported mixed fiscal Q1 results with revenue declines and margin pressures, but the North American steel business outperformed expectations on stronger pricing and good cost control. Destocking could be an issue for a couple more quarters, but longer-term non-resi indicators are turning up and highway spending should grow at a high-single-digit rate in 2025. Better European results are likely tied to a recovery in Germany, which I do expect later in 2025, and the Emerging Business segment gives valuable exposure to higher-margin downstream services.
Neutral
Zacks Investment Research
1 month ago
Commercial Metals Q1 Earnings Meet Estimates, Sales Declines Y/Y
CMC expects second-quarter fiscal 2025 consolidated financial results to decline sequentially.
Neutral
Seeking Alpha
1 month ago
Commercial Metals Company (CMC) Q1 2025 Earnings Call Transcript
Commercial Metals Company (NYSE:CMC ) Q1 2025 Earnings Conference Call January 6, 2024 11:00 AM ET Company Participants Peter Matt - President and Chief Executive Officer Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Sathish Kasinathan - Bank of America Katja Jancic - BMO Capital Markets Phil Gibbs - KeyBanc Capital Markets Navis Lu - BNP Alex Hacking - Citi Operator Hello and welcome everyone to the Fiscal 2025 First Quarter Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice President and Chief Financial Officer.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings
While the top- and bottom-line numbers for Commercial Metals (CMC) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Commercial Metals (CMC) Q1 Earnings Meet Estimates
Commercial Metals (CMC) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.63 per share a year ago.
Neutral
PRNewsWire
1 month ago
CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTS
First quarter net loss of ($175.7) million, or ($1.54) per diluted share including approximately $265.0 million litigation expense, net of estimated tax; adjusted earnings of $88.5 million, or $0.78 per diluted share Consolidated core EBITDA of $210.7 million in the first quarter; core EBITDA margin of 11.0% Late season construction activity drove year-over-year and sequential growth in North America finished steel shipment volumes; margins pressured by declines in average steel and downstream product pricing North America downstream backlog volumes stable on a year-over-year basis; pipeline of potential future projects remains strong Continued disciplined execution of strategic growth plan, including organic growth investments and operational and commercial excellence program ("TAG"), which are expected to provide financial benefits in fiscal 2025 Generated $213.0 million of cash flow from operating activities in the first quarter, equal to 101% of consolidated core EBITDA; returned $71.0 million in cash to shareholders through dividends and share buybacks IRVING, Texas , Jan. 6, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2024. First quarter net loss was ($175.7) million, or ($1.54) per diluted share, on net sales of $1.9 billion, compared to prior year period net earnings of $176.3 million, or $1.49 per diluted share, on net sales of $2.0 billion.
Neutral
PRNewsWire
1 month ago
CMC Announces Quarterly Dividend of $0.18 Per Share
IRVING, Texas , Jan. 2, 2025 /PRNewswire/ -- Today, January 2, 2025, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 241st consecutive quarterly dividend will be paid on January 30, 2025, to stockholders of record as of the close of business on January 16, 2025.
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