Commercial Metals (NYSE:CMC) posted its quarterly earnings data on Thursday, June 20th. The basic materials company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04, Briefing.com reports. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Commercial Metals had a return on equity of 14.34% and a net margin of 2.92%. The business’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share.
Shares of CMC stock traded up $0.51 on Friday, hitting $17.73. The stock had a trading volume of 1,470,668 shares, compared to its average volume of 1,936,456. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.00 and a quick ratio of 1.86. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 2.23 and a beta of 1.68. Commercial Metals has a 1 year low of $13.27 and a 1 year high of $22.87. The firm has a 50 day moving average of $15.92.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, July 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.71%. Commercial Metals’s dividend payout ratio is presently 32.21%.
Commercial Metals Company Profile
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. 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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