Commercial Metals (NYSE:CMC) announced its quarterly earnings data on Thursday. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08, MarketWatch Earnings reports. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Commercial Metals had a return on equity of 8.65% and a net margin of 1.21%.
CMC stock traded down $1.10 during trading on Friday, reaching $17.82. 120,550 shares of the stock were exchanged, compared to its average volume of 1,438,306. Commercial Metals has a twelve month low of $17.26 and a twelve month high of $26.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.73 and a current ratio of 3.90. The company has a market cap of $2.12 billion, a P/E ratio of 28.95 and a beta of 1.32.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, November 6th. Commercial Metals’s dividend payout ratio (DPR) is currently 77.42%.
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 five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.
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