Commercial Metals (NYSE:CMC) released its quarterly earnings data on Monday. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.19, Briefing.com reports. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Commercial Metals had a net margin of 4.41% and a return on equity of 18.40%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS.
CMC opened at $23.17 on Thursday. Commercial Metals has a fifty-two week low of $13.27 and a fifty-two week high of $24.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.35 and a quick ratio of 2.00. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 2.49 and a beta of 1.82. The company’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $18.77.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, January 14th. Commercial Metals’s payout ratio is 23.08%.
About Commercial Metals
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
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