Commercial Metals (NYSE:CMC) posted its quarterly earnings data on Monday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35, MarketWatch Earnings reports. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Commercial Metals had a net margin of 2.88% and a return on equity of 12.11%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.
Commercial Metals stock opened at $17.04 on Monday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.83 and a quick ratio of 2.75. Commercial Metals has a 12 month low of $15.23 and a 12 month high of $26.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Tuesday, January 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, January 14th. Commercial Metals’s dividend payout ratio is presently 32.21%.
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Commercial Metals Company Profile
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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