Commercial Metals Company Q3 Profit Climbs 103%

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24 June, 2017

The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.34 billion. Commercial Metals Company's dividend payout ratio is presently 100.00%. Comerica Bancorp invested 0.02% of its portfolio in Commercial Metals Company (NYSE:CMC).

Scott Lawrence Swid increased its stake in Northstar Asset Mgmt Group I (NSAM) by 13.5% based on its latest 2016Q4 regulatory filing with the SEC. The Fuller & Thaler Asset Management Inc holds 2.41 million shares with $52.40 million value, down from 4.49 million last quarter. These holdings make up 83.92% of the company's outstanding shares.

About 272,125 shares traded. It has underperformed by 24.91% the S&P500. Jefferies Group LLC restated a "hold" rating and issued a $19.00 target price on shares of Commercial Metals Company in a research report on Wednesday, May 24th.

03/21/2017 - Commercial Metals Company had its "buy" rating reiterated by analysts at Deutsche Bank. On Monday, August 17 the stock rating was initiated by Credit Agricole with "Buy". Zacks upgraded the shares of CMC in report on Wednesday, September 2 to "Buy" rating. Bank of America downgraded the stock to "Neutral" rating in Thursday, June 8 report. The stock has "Buy" rating by Jefferies on Wednesday, September 16.

A number of other research firms have also weighed in on CMC. As per Monday, March 21, the company rating was downgraded by Jefferies. Streetinsider.com's news article titled: "Citi Upgrades Commercial Metals Company (CMC) to Buy; Section 232 Favors Long ..." with publication date: June 13, 2017 was also an interesting one.

Net earnings for the nine months ended May 31, 2017 were $75.9 million ($0.65 per diluted share) on net sales of $3.6 billion, compared with net earnings of $54.9 million ($0.47 per diluted share) on net sales of $3.4 billion for the nine months ended May 31, 2016. CMC's value Change from Open was at -1.92% with a Gap of 0.54%. AQR Capital Management LLC boosted its position in shares of Commercial Metals Company by 0.6% in the fourth quarter.

The stock decreased 1.39% or $0.26 during the last trading session. 735,111 are owned by Numeric Llc. Raymond James invested in 0% or 22,002 shares. Institutional investors and hedge funds own 89.75% of the company's stock. It was reported on Jun, 22 by Barchart.com. Art Advsr, New York-based fund reported 88,800 shares. Moreover, State Treasurer State Of Michigan has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 46,200 shares. Louisiana State Employees Retirement Sys invested 0.03% in Commercial Metals Company (NYSE:CMC).

Commercial Metals Company (CMC) released earnings for its third quarter that climbed from past year. Korn Ferry declared a quarterly dividend of $0.10 per share on June 20, 2017 payable on July 14, 2017 to stockholders of record on June 30, 2017.

Since January 25, 2017, it had 0 buys, and 1 sale for $43,472 activity. Van Eck Assoc reported 0.02% in Commercial Metals Company (NYSE:CMC).

The most current P/E ratio is 38.84 and market cap is 2.13B. This translates into $31.38 million profit for CMC giving the stock a 17.29 P/E. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.13. Cno Financial Group Inc was raised too.

Investors sentiment decreased to 1.23 in 2016 Q4. Its up 0.02, from 0.75 in 2016Q3. 799 shares were sold by Ramsey Gregory, worth $48,592. Looking back over the last month, shares have performed 2.13%. 642,314 are held by Parametric Port Associate Limited Liability Co. Tiaa Cref Invest Management Ltd Liability Corp invested in 0.01% or 464,458 shares. King Luther Cap Management Corp reported 224,265 shares. The stock is expected to report revenue as high as $331.4M and as low as $321.23M per share. Brown Advisory reported 2.86M shares or 0.15% of all its holdings. Rhumbline Advisers holds 0.08% in Realty Income Corp (NYSE:O) or 528,280 shares. Citigroup Inc has invested 0% in Colony NorthStar Inc (NYSE:CLNS). The stock rose 10.05% or $1.85 reaching $20.26. 29,242 were accumulated by Hsbc Public Limited Company. Dimensional Fund Advsrs Limited Partnership has 9.72 million shares. Qcm Cayman Ltd holds 3,737 shares. Hexavest accumulated 944,620 shares or 1.04% of the stock. 28,916 are owned by Susquehanna International Grp Incorporated Llp. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Therefore 80% are positive. Canam Group Inc. had 11 analyst reports since August 7, 2015 according to SRatingsIntel. FBR Capital maintained Colony NorthStar Inc (NYSE:CLNS) rating on Friday, October 16. Shares for $43,472 were sold by HICKEY ADAM R on Wednesday, January 25. GameStop Corp. (GME) earnings have risen with an annualized rate of 7.1% over the last 5 years. The company was maintained on Wednesday, December 30 by JP Morgan.

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