Commercial Metals Company (CMC) EPS Estimated At $0.19

December 8, 2017 - By Louis Casey

 Commercial Metals Company (CMC) EPS Estimated At $0.19
Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.09, from 1.07 in 2017Q1. It is negative, as 33 investors sold Commercial Metals Company shares while 62 reduced holdings. 23 funds opened positions while 70 raised stakes. 102.95 million shares or 1.30% more from 101.63 million shares in 2017Q1 were reported.
Shell Asset Com holds 0.05% or 113,189 shares in its portfolio. Commonwealth Equity Ser holds 0% or 17,647 shares. Gemmer Asset Ltd Liability Company invested in 157 shares. Balyasny Asset Management Ltd Com invested 0.02% of its portfolio in Commercial Metals Company (NYSE:CMC). Alpha Windward Ltd Limited Liability Company accumulated 24,600 shares. Vanguard Group Inc has invested 0.01% in Commercial Metals Company (NYSE:CMC). First Manhattan stated it has 0.1% in Commercial Metals Company (NYSE:CMC). Fincl Bank Of Montreal Can owns 0% invested in Commercial Metals Company (NYSE:CMC) for 191,148 shares. 54,800 were accumulated by Susquehanna Gp Llp. Moreover, Amalgamated National Bank & Trust has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 16,403 shares. Schroder Gru reported 0% in Commercial Metals Company (NYSE:CMC). Indexiq Advisors Ltd Liability Co holds 0.02% or 24,755 shares. Credit Suisse Ag reported 133,206 shares stake. Mason Street Limited Liability holds 0.03% of its portfolio in Commercial Metals Company (NYSE:CMC) for 56,558 shares. Secor Capital L P invested in 0.48% or 269,934 shares.

Analysts expect Commercial Metals Company (NYSE:CMC) to report $0.19 EPS on January, 8.They anticipate $0.09 EPS change or 90.00 % from last quarter’s $0.1 EPS. CMC’s profit would be $22.16M giving it 27.33 P/E if the $0.19 EPS is correct. After having $0.07 EPS previously, Commercial Metals Company’s analysts see 171.43 % EPS growth. The stock increased 3.75% or $0.75 during the last trading session, reaching $20.77. About 2.68 million shares traded or 50.06% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since December 8, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 12 analysts covering Commercial Metals (NYSE:CMC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Commercial Metals had 35 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, March 28 by CLSA. The firm has “Neutral” rating given on Wednesday, December 30 by JP Morgan. The stock has “Buy” rating by Citigroup on Friday, September 15. The firm has “Neutral” rating by DA Davidson given on Friday, November 11. Credit Suisse maintained Commercial Metals Company (NYSE:CMC) rating on Monday, March 28. Credit Suisse has “Neutral” rating and $15 target. The company was reinitiated on Wednesday, January 13 by Jefferies. Bank of America upgraded Commercial Metals Company (NYSE:CMC) rating on Thursday, December 7. Bank of America has “Buy” rating and $24.0 target. The company was maintained on Wednesday, August 30 by Jefferies. The rating was downgraded by Jefferies to “Hold” on Monday, December 12. The rating was upgraded by Credit Suisse on Tuesday, March 28 to “Outperform”.

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 $2.42 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 32.1 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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