Commercial Metals Company Commo (NYSE:CMC):
Commercial Metals Company Announces Fourth Quarter Fiscal 2016 Conference Call Webcast Details.
The company is now up by 1.12 percent from yesterday’s close.
The company also declared a dividend for shareholders which was paid on Thursday July 21st, 2016. The dividend was $0.120 per share for the quarter or $0.48 on an annualized basis. This dividend represents a yield of $3.40. The ex-dividend date was set for Tuesday the 5th of July 2016.
Shares last traded at $16.24 marginally over $15.81, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $16.74. The 50 day moving average went up $0.43 or +2.74% and the 200 day average moved down $-0.50.
The P/E ratio is 14.75 and the market value is 1.86B. In the latest earnings report the EPS was $1.10 and is estimated to be $0.97 for the current year with 114,628,000 shares outstanding. Next quarter’s EPS is forecasted at $0.25 and the next full year EPS is projected to be $1.24.
Analysts have released opinions on the stock recently. On June 27 the company was downgraded to “Sell” from “” in a report issued by Clarkson Platou. On June 2 the stock rating was downgraded from “” to “Underperform” in a statement from Bank of America.
March 28 investment analysts at Credit Suisse maintained a company rating of “Neutral” but lowered the price target from $16.00 to $15.00. CLSA downgraded the stock and lowered the price target on March 28 changing the price objective from $17.00 to $15.00 and setting the rating at “Sell” which had previously been “Buy”.
On March 28 the stock rating was downgraded from “Buy” to “Sell” and a price target of $15.00 was set in an announcement from CLSA. Equity analyst Jefferies lowered the price target and downgraded the stock on March 21 cutting the price target from $0.00 to $16.50 and altering the rating from “Buy” to “Hold”.