Latest news with #CommercialMetalsCompany
Yahoo
6 days ago
- Business
- Yahoo
Commercial Metals Insiders Show Mild Optimism Amid Earnings Miss and Board Shift
Commercial Metals Company (NYSE:CMC) is one of the . Amid Hold ratings and mixed price target changes, the company makes changes to the board. A close-up of a worker welding a steel product, showing the precision and craftsmanship. Commercial Metals Company (NYSE:CMC) is a global leader in sustainable steel recycling, manufacturing, and fabrication. The Texas-based company operates electric arc furnace mini‑mills, scrap recycling facilities, and fabrication plants across the United States, Poland, the UK, Central Europe, and Asia. Its client base is comprised of construction‑related markets, including infrastructure, commercial, industrial, and energy projects. Following a decline in profitability, reported in the Q3 2025 earnings results, various analysts maintained a hold rating on Commercial Metals Company (NYSE:CMC). For instance, BMO Capital and UBS reiterated their Hold rating on the stock on June 24, 2025. BMO Capital lowered the target price from $57 to $55. Morgan Stanley, as well, held on to the sentiment and gave the stock a Hold rating. However, the price target was raised to $57.50 from $53. In addition to missed earnings in Q3, the analysts pointed to market headwinds, including the uncertainties caused by tariffs. Amid the mixed sentiment from analysts, Commercial Metals Company (NYSE:CMC) announced changes in the board on July 11, 2023, with the appointment of Dawne Hickton as a Class I director, effective October 14, 2025. Insider transactions saw an uptick of 0.80% in the last six months, reflecting a moderately positive perception from the top executives towards the company's growth prospects. While we acknowledge the potential of CMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 12 Best MLP Dividend Stocks to Buy According to Analysts Disclosure. None.
Yahoo
24-06-2025
- Business
- Yahoo
Commercial Metals Earnings Miss Estimates in Q3, Sales Dip Y/Y
Commercial Metals Company CMC reported adjusted earnings per share (EPS) of 74 cents in third-quarter fiscal 2025 (ended May 31, 2025), missing the Zacks Consensus Estimate of 85 cents. However, the bottom line fell 27.5% year over sales in the reported quarter came in at $2.02 billion compared with the year-ago quarter's $2.08 billion. The reported figure surpassed the Zacks Consensus Estimate of $2.01 billion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The cost of goods sold in the quarter fell 1% year over year to $1.72 billion. The gross profit declined 11.9% year over year to $300 million during this period. The core EBITDA was $204 million in the fiscal third quarter, down 20.3% year over year. Commercial Metals Company price-consensus-eps-surprise-chart | Commercial Metals Company Quote The North America Steel Group segment generated net sales of $1.56 billion in the fiscal third quarter compared with $1.67 billion in the year-ago quarter. We expected net sales of $1.59 billion for the quarter. The segment registered an adjusted EBITDA of around $186 million compared with the year-ago quarter's $246 million. Our model predicted an adjusted EBITDA of $169 Europe Steel Group segment's revenues were $247.6 million, up 18.6% from the year-ago quarter. Our model predicted net sales of $195 million. The adjusted EBITDA was $3.6 million in the fiscal third quarter against the year-ago quarter's negative $4.2 million. We expected an adjusted EBITDA of $0.9 million for the Emerging Businesses Group segment generated net sales of $197 million in the fiscal third quarter compared with $188.5 million in the year-ago quarter. We expected net sales of $163 million for the quarter. The segment registered an adjusted EBITDA of $41 million, up 7.9% year over year. Our model predicted an adjusted EBITDA of $42 million. Commercial Metals reported cash and cash equivalents of $893 million at the end of third-quarter fiscal 2025 compared with $858 million at the end of fiscal 2024. The company's long-term debt came in at $1.30 billion at the end of the fiscal third quarter compared with $1.15 billion at the fiscal 2024 end. Cash generated from operating activities was around $400 million for the nine months ended May 31, 2025, compared with $548 million in the prior-year comparable June 18, the company declared a quarterly dividend of 18 cents per share. The dividend will be paid out on July 9 to shareholders of record as of June 30, 2025. CMC expects consolidated financial results in the fourth quarter of fiscal 2025 to improve from the third-quarter reported levels. The company anticipates North America Steel Group's adjusted EBITDA margin to increase sequentially, driven by higher steel product margins over scrap. Emerging Businesses Group's financial results are expected to increase on a sequential and year-over-year basis, driven by project backlogs. Adjusted EBITDA for the company's Europe Steel Group is expected to improve sequentially in the fiscal fourth quarter as well. The company's shares have lost 6.9% in the past year compared with the industry's 29.2% fall. Image Source: Zacks Investment Research Commercial Metals currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. National Steel SID reported a first-quarter 2025 loss per share of 8 cents, which missed the Zacks Consensus Estimate of earnings of 21 cents. It reported a loss of 9 cents in the prior-year Steel's domestic revenues increased 11% year over year to R$5.52 billion ($1 billion). The company's international business revenues increased 14% year over year to R$5.39 billion ($0.97 billion). For the March-end quarter, National Steel's net sales were R$10.91 billion ($1.86 billion), up 12.1% year over year. The company incurred a net loss of R$732 million ($132.2 million) in the first quarter of MT recorded first-quarter 2025 profit of $805 million or $1.04 per share, down from $938 million or $1.16 in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of 71 total sales fell 9.1% year over year to $14,798 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $14,639.7 million. Sales were hurt by lower average steel selling Technology Corporation CRS reported earnings of $1.88 per share for third-quarter fiscal 2025, surpassing the Zacks Consensus Estimate of $1.74. The bottom line marked an improvement of 58% from adjusted earnings of $1.19 per share in the year-ago quarter. The upside is driven by ongoing improvements in the product mix and operating Technology's net sales increased 6.1% year over year to $727 million in the reported quarter. However, the figure missed the Zacks Consensus Estimate of $732 million. CRS' Shipment volumes were down 7% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Steel Company (SID) : Free Stock Analysis Report ArcelorMittal (MT) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
18-06-2025
- Business
- Yahoo
CMC Announces Quarterly Dividend of $0.18 Per Share
IRVING, Texas, June 18, 2025 /PRNewswire/ -- Today, June 18, 2025, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 243rd consecutive quarterly dividend will be paid on July 9, 2025, to stockholders of record as of the close of business on June 30, 2025. About CMC CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial and energy generation and transmission. View original content: SOURCE Commercial Metals Company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Commercial Metals Company Announces Closing of Tax-Exempt Bond Financing with Proceeds of $150.0 Million
IRVING, Texas, May 15, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") announced today the closing of the previously announced sale of $150.0 million in original aggregate principal amount of Solid Waste Disposal Facilities Revenue Bonds (Commercial Metals Company Project), Series 2025 (the "Bonds"), issued by the West Virginia Economic Development Authority (the "WVEDA"). The sale of the Bonds provided proceeds of $150.0 million, which CMC has borrowed from the WVEDA pursuant to a loan agreement, and CMC will use such proceeds to finance a portion of the costs of the construction of solid waste disposal facilities located in Berkeley County, West Virginia. The Bonds will bear interest at 4.625% per annum and mature in 2055. Pursuant to its agreement with the WVEDA, CMC will pay the debt service on the Bonds, including the semiannual interest payments on the outstanding principal of the Bonds, and will repay the principal of the Bonds upon maturity or earlier redemption or repurchase. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. About CMCCMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. View original content: SOURCE Commercial Metals Company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Business
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Commercial Metals Company (CMC): Among Mid- And Large-Cap Stocks Insiders Are Buying After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where Commercial Metals Company (NYSE:CMC) stands against other mid- and large-cap stocks insiders are buying after Trump's tariff rollout. On April 2, 2025, President Donald Trump declared 'Liberation Day' and signed Executive Order 14257, imposing a baseline 10% tariff on nearly all U.S. imports, effective April 5. Higher tariffs—ranging from 11% to 50%—were scheduled for 57 countries and territories, including the European Union, China, and Japan. These increased rates were set to begin April 9 but were postponed for 90 days, with the exception of China, which continued to face elevated tariffs. In April, some insiders took advantage of the dip to buy shares, while others chose to sell. Analyzing insider trading can provide valuable insights: purchases often signal confidence in the company's future, while sales may reflect personal or diversification choices. Therefore, insider trading should be evaluated in the context of the company's financial health and overall market conditions. Today, we're focusing on stocks that insiders are buying in April. Using Insider Monkey's insider trading screener, we identified 19 mid- and large-cap companies where at least one insider bought shares between April 2 and April 14. From this list, we ranked the top 19 stocks based on the highest value of insider purchases during this period. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a worker welding a steel product, showing the precision and craftsmanship. Market Cap: $4.73 billion Commercial Metals Company (NYSE:CMC), founded in 1915 and based in Irving, Texas, manufactures, recycles, and fabricates steel and metal products in the U.S. and internationally. It serves industries like construction, manufacturing, and defense through segments in North America, Europe, and emerging markets. The company offers a wide range of products, including rebar, merchant bars, and fabricated steel for buildings, infrastructure, and military applications. It ranks 15th among 19 mid- and large-cap stocks insiders are buying after Trump's tariff rollout. Commerical Metals is also one of the . In 2024, Commercial Metals (NYSE:CMC) reported $7.93 billion in revenue, down 9.93% from $8.80 billion the year before. Net earnings declined by 43.53%, totaling $485.49 million for the year. In the second quarter of fiscal 2025, the company disclosed net earnings of $25.5 million, or $0.22 per diluted share, compared to the prior year's net earnings of $85.8 million, or $0.73 per diluted share. On April 4, one director at Commercial Metals, R. John Mcpherson, purchased around $100,040 worth of shares at a price of $40.42 per share. This is the first time in almost three years that Mcpherson increased his stake. He acquired 2,475 shares, increasing his ownership to 15,141 shares. On April 8, the stock hit its lowest price in 12 months, closing the market session at $39.20 per share. Currently, it trades at $41.87, having lost 15.58% year-to-date. Commercial Metals (NYSE:CMC) stock has an average 12-month price target of $60.33 from eight analysts, indicating a potential 44.10% upside from its current price of $41.87, with an overall analyst rating of 'Hold,' reports MarketBeat. Overall, CMC ranks 15th on our list of mid- and large-cap stocks insiders are buying after Trump's tariff rollout. While we acknowledge the potential of CMC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CMC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
