Stock under Review: Commercial Metals Company (NYSE: CMC)

IRVING, Texas, January 18, 2019 – Shares of Commercial Metals Company (NYSE: CMC) lost -0.18% to $22.01. The stock grabbed the investor’s attention and traded 152.628K shares as compared to its average daily volume of 1.72M shares. The stock’s institutional ownership stands at 92.20%.

For the fourth quarter, Commercial Metals Company (CMC) reported 18% increase in net sales to $1.50B from $1.30B in the prior year quarter, and for the full year increased 26% to $5.80B compared to $4.60B in the prior year, reflecting increased capacity from the previously announced rebar assets acquisition. Earnings from continuing operations were $85.90M, or $0.72 per diluted share, in the fourth quarter compared to $51.30M, or $0.43 per diluted share, in the prior year quarter. For the full year, earnings from continuing operations were $198.80M, or $1.67 per diluted share, compared to $135.20M, or $1.14 per diluted share in the prior year.

CMC has a market value of $2.64B while its EPS was booked as $2.25 in the last 12 months. The stock has 119.70M shares outstanding. In the profitability analysis, the company has gross profit margin of 14.90% while net profit margin was 4.40%. Beta value of the company was 1.73; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.

Nicholas Stoffel

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