Commercial Metals Company (NYSE:CMC – Get Free Report) declared a quarterly dividend on Tuesday, October 13th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.20 per share by the basic materials company on Wednesday, November 11th. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, October 28th.
Commercial Metals has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Commercial Metals has a payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Commercial Metals to earn $7.78 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.3%.
Commercial Metals Stock Up 0.0%
CMC stock opened at $62.79 on Monday. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 3.66 and a beta of 1.53. Commercial Metals has a twelve month low of $55.97 and a twelve month high of $84.87. The business has a 50 day moving average price of $65.98 and a two-hundred day moving average price of $68.43. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.71.
Commercial Metals (NYSE:CMC – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Commercial Metals had a net margin of 6.98% and a return on equity of 17.00%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. Analysts anticipate that Commercial Metals will post 7.07 EPS for the current fiscal year.
About Commercial Metals
Commercial Metals Company (NYSE:CMC) is a steel and metals manufacturer, recycler and fabricator headquartered in Irving, Texas. The company produces and sells steel products used in construction, infrastructure and industrial applications, including reinforcing bar, wire rod, merchant bar, structural steel and related products.
CMC operates an integrated recycling and manufacturing model. Its recycling facilities collect and process ferrous and nonferrous scrap metal, which is used as raw material in the company’s electric-arc-furnace steel mills.
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