It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Commercial Metals Company (CMC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.40, or -0.77%, to $51.47. The Commercial Metals Company has recorded 18,129 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Commercial Metals Company Reports First Quarter Fiscal 2023 Results.
Commercial Metals Company is listed on the NYSE in the Basic Materials sector while operating in the Steel industry. At the end of the last regular session, the stock closed at $51.87 and fluctuated between $52.61 as its day high and $51.15 as its day low. The current market capitalization of Commercial Metals Company is $6.05B. A total of 1.14 million shares were traded on the day, compared to an average of 1.06M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CMC has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 153 and the disposition of 190,000 shares. Over the last 12 months, there were 27 BUYs and 37 SELLs from insiders. Insiders purchased 527,570 shares during that period but sold 514,762.
In the most recent transaction, Smith Barbara sold 150,000 shares of CMC for 48.11 per share on Jan 03. After the transaction, the Chairman, President & CEO now owns 227,651 company shares. In a previous transaction on Dec 02, Smith Barbara sold 19,500 shares at 49.54 per share. CMC shares that Chairman, President & CEO owns now total 483,785.
Among the insiders who sold shares, Smith Barbara disposed of 5,500 shares on Dec 01 at a per-share price of $49.48. This resulted in the Chairman, President & CEO holding 503,285 shares of CMC after the transaction. In another insider transaction, GARRISON TY L sold 8,100 shares at $46.04 per share on Nov 01. Company shares held by the SVP Operations now total 116,408.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Commercial Metals Company pays an annual dividend of $0.64, resulting in a dividend yield of 1.23%, and it has a price to earnings (P/E) ratio of 5.06. CMC’s most recent ex-dividend date was 1/18/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 2/2/2023. Previously, the company paid the dividend on 11/10/2022 with an ex-dividend date of 10/26/2022. The CMC stock dividend was $0.16 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CMC in the last 3 months, the mean price target is $54.43 with high estimates of $57.00 and low estimates of $49.00. In terms of 52-week highs and lows, CMC has a high of $56.88 and a low of $31.47.
As of this writing, CMC has an earnings estimate of $1.98 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $2.14 per share and a lower estimate of $1.87. The company reported an EPS of $2.61 in the last quarter, which was 31.20% higher than expectations of $1.99.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMC is Overweight with a score of 3.67. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.