After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted CMC Announces Increase to its Existing Share Repurchase Program.
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Stocks Info
This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $51.19 and fluctuated between $51.72 as its day high and $50.94 as its day low. The current market capitalization of Commercial Metals Co. is $5.96B. A total of 1.86 million shares were traded on the day, compared to an average of 1.03M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CMC has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 173 and the disposition of 5,500 shares. Over the last 12 months, there were 27 BUYs and 37 SELLs from insiders. Insiders purchased 465,456 shares during that period but sold 389,929.
In the most recent transaction, Smith Barbara sold 57,194 shares of CMC for 49.94 per share on Jan 18. After the transaction, the Executive Chairman now owns 156,185 company shares. In a previous transaction on Jan 16, Smith Barbara sold 142,806 shares at 49.89 per share. CMC shares that Executive Chairman owns now total 213,379.
Among the insiders who sold shares, Simpson Stephen William disposed of 4,500 shares on Nov 13 at a per-share price of $45.00. This resulted in the SVP, N. American Steel Group holding 2,928 shares of CMC after the transaction. In another insider transaction, MATT PETER R bought 6,200 shares at $40.30 per share on Oct 23. Company shares held by the President and CEO now total 92,182.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Commercial Metals Co. pays an annual dividend of $0.65, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 7.83. CMC’s most recent ex-dividend date was 1/17/2024 when it declared a $0.16 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 11/9/2023 with an ex-dividend date of 10/25/2023. The CMC stock dividend was $0.16 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CMC in the last 3 months, the mean price target is $59.50 with high estimates of $74.00 and low estimates of $52.00. In terms of 52-week highs and lows, CMC has a high of $58.09 and a low of $39.85.
As of this writing, CMC has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.63. The company reported an EPS of $1.69 in the last quarter, which was -5.10% lower than expectations of $1.78.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CMC’s latest balance sheet shows that the firm has $497.75M in Cash & Short Term Investments as of fiscal 2021. There were $1.07B in debt and $980.47M in liabilities at the time. Its Book Value Per Share was $36.24, while its Total Shareholder’s Equity was $2.30B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.50.
