Commercial Metals (NYSE:CMC) released its earnings results on Wednesday. The basic materials company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06, Briefing.com reports. Commercial Metals had a return on equity of 14.34% and a net margin of 2.92%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year.
Shares of Commercial Metals stock traded up $0.04 during trading hours on Thursday, reaching $19.16. The stock had a trading volume of 118,086 shares, compared to its average volume of 1,627,550. The firm has a 50 day simple moving average of $17.79 and a two-hundred day simple moving average of $16.85. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.47 and a beta of 1.76. The company has a current ratio of 3.00, a quick ratio of 1.86 and a debt-to-equity ratio of 0.84. Commercial Metals has a 1 year low of $13.27 and a 1 year high of $21.05.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. Commercial Metals’s dividend payout ratio (DPR) is 32.21%.
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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