With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.84 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $61.81 whereas the lowest price it dropped to was $60.52. The 52-week range on CMC shows that it touched its highest point at $63.40 and its lowest point at $43.52 during that stretch. It currently has a 1-year price target of $63.00. With its current market cap of 6.91 billion, CMC has annualized dividend of $0.70 while the current yield stands at 1.15%. Beta for the stock currently stands at 1.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMC was down-trending over the past week, with a drop of -3.47%, but this was up by 14.22% over a month. Three-month performance surged to 12.05% while six-month performance rose 3.85%. The stock gained 35.82% in the past year, while it has gained 21.16% so far this year. A look at the trailing 12-month EPS for CMC yields 4.14 with Next year EPS estimates of 4.85. For the next quarter, that number is 0.81. This implies an EPS growth rate of -4.63% for this year and 22.89% for next year. EPS is expected to grow by 5.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.04%.
Float and Shares Shorts:
At present, 114.10 million CMC shares are outstanding with a float of 112.61 million shares on hand for trading. On 2024-10-31, short shares totaled 3.34 million, which was 293.0 higher than short shares on 1727654400. In addition to Mr. Peter R. Matt as the firm’s CEO, President & Director, Mr. Ty L. Garrison serves as its Senior Vice President of Operational & Commercial Excellence.
Institutional Ownership:
Through their ownership of 0.92424005 of CMC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-31, CMC reported revenue of $1996149000.0 and operating income of $155932000.0. The EBITDA in the recently reported quarter was $218082000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMC since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CMC analysts setting a high price target of 69.0 and a low target of 60.0, the average target price over the next 12 months is 63.0. Based on these targets, CMC could surge 13.81% to reach the target high and fall by -1.04% to reach the target low. Reaching the average price target will result in a growth of 3.91% from current levels.
Analysts have provided yearly estimates in a range of $4.57564 being high and $4.06637 being low. For CMC, this leads to a yearly average estimate of $4.30786. The surprise factor in the prior quarter was $1.02. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.61. The average estimate for the next quarter is thus $0.75.
