Commercial Metals Company (CMC) EPS Estimated At $0.26

March 21, 2018 - By Dolores Ford

 Commercial Metals Company (CMC) EPS Estimated At $0.26
Investors sentiment is 0.98 in Q3 2017. Its the same as in 2017Q2. It has no change, 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.
Citigroup Inc owns 9,122 shares for 0% of their portfolio. 18,228 are held by Koch. State Of Wisconsin Investment Board, Wisconsin-based fund reported 322,600 shares. 57,465 are owned by Mason Street Advsr Limited Liability. Reilly accumulated 0% or 20 shares. Hsbc Hldgs Public Ltd Com holds 16,333 shares. American Group Inc Inc Inc has 314,393 shares for 0.02% of their portfolio. Bnp Paribas Arbitrage Sa holds 59,584 shares. 10,591 are held by Jane Street Group Ltd Llc. Whittier Tru Of Nevada Inc stated it has 0% in Commercial Metals Company (NYSE:CMC). Royal National Bank & Trust Of Canada owns 76,026 shares or 0% of their US portfolio. Gemmer Asset Mgmt Limited Liability Corp reported 157 shares. Moreover, Weaver C Barksdale & Assoc has 0.03% invested in Commercial Metals Company (NYSE:CMC) for 1,389 shares. Trellus Management Ltd Llc reported 0.81% of its portfolio in Commercial Metals Company (NYSE:CMC). Amalgamated National Bank & Trust reported 15,548 shares.

Since January 16, 2018, it had 0 buys, and 3 sales for $1.54 million activity. Shares for $517,000 were sold by HICKEY ADAM R.

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 $30.33M giving it 22.47 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 1.43% or $0.34 during the last trading session, reaching $23.37. About 1.89 million shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since March 21, 2017 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 14 analysts covering Commercial Metals (NYSE:CMC), 8 have Buy rating, 4 Sell and 2 Hold. Therefore 57% are positive. Commercial Metals has $30.0 highest and $15 lowest target. $21.31’s average target is -8.81% below currents $23.37 stock price. Commercial Metals had 40 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Commercial Metals Company (NYSE:CMC) has “Buy” rating given on Friday, September 15 by Citigroup. As per Wednesday, January 13, the company rating was reinitiated by Jefferies. Bank of America downgraded the stock to “Neutral” rating in Thursday, June 8 report. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Citigroup on Thursday, January 19. Jefferies maintained it with “Hold” rating and $19 target in Thursday, May 25 report. On Tuesday, June 13 the stock rating was upgraded by Citigroup to “Buy”. The company was downgraded on Wednesday, March 14 by Bank of America. The stock has “Buy” rating by Jefferies on Tuesday, January 9. Macquarie Research downgraded the stock to “Neutral” rating in Monday, October 31 report. The rating was upgraded by Citigroup to “Buy” on Wednesday, November 9.

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 $2.73 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 36.46 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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