Commercial Metals Company (CMC) Analysts See $0.26 EPS

March 16, 2018 - By Marguerite Chambers

 Commercial Metals Company (CMC) Analysts See $0.26 EPS
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.
Arizona State Retirement Systems holds 0.01% or 65,650 shares in its portfolio. Guggenheim Capital Limited Liability holds 0% or 100,348 shares in its portfolio. Proshare Limited Com has 0% invested in Commercial Metals Company (NYSE:CMC) for 22,393 shares. Fortaleza Asset Mngmt holds 3,225 shares or 0.11% of its portfolio. Hsbc Hldgs Public Lc owns 16,333 shares or 0% of their US portfolio. Ameriprise Financial holds 0.01% or 907,037 shares in its portfolio. 18,983 were reported by Cim Mangement Incorporated. Federated Investors Pa stated it has 482,585 shares. Winslow Evans And Crocker owns 66 shares or 0% of their US portfolio. Lombard Odier Asset Management (Usa) stated it has 97,000 shares or 0.13% of all its holdings. Louisiana State Employees Retirement Sys invested in 0.03% or 30,900 shares. Ameritas Invest Prns reported 43,991 shares stake. Cortina Asset Mngmt Ltd Com holds 0.19% in Commercial Metals Company (NYSE:CMC) or 246,165 shares. Td Asset Mgmt reported 0% in Commercial Metals Company (NYSE:CMC). Van Eck Corporation reported 182,466 shares or 0.02% of all its holdings.

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

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 stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Jefferies on Tuesday, October 17. The firm earned “Hold” rating on Monday, March 21 by Jefferies. Bank of America maintained it with “Neutral” rating and $21 target in Tuesday, September 5 report. JP Morgan maintained it with “Neutral” rating and $16 target in Wednesday, December 30 report. As per Monday, June 26, the company rating was maintained by Jefferies. Citigroup initiated Commercial Metals Company (NYSE:CMC) rating on Monday, August 22. Citigroup has “Neutral” rating and $16 target. The rating was maintained by Jefferies on Thursday, May 25 with “Hold”. Citigroup downgraded the stock to “Neutral” rating in Thursday, January 19 report. The stock of Commercial Metals Company (NYSE:CMC) has “Outperform” rating given on Tuesday, March 28 by Credit Suisse. As per Thursday, October 29, the company rating was maintained by DA Davidson.

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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