Commercial Metalsの空売り状況は、投資家がCommercial Metalsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Commercial Metals (NYSE:CMC) 株価情報, 空売り情報

Commercial Metals

Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.

Commercial Metals Co

CAPITALWORKS EMERGING A by Capitalworks Emerging Markets Acquisition Corp

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VanEck ETF Trust VanEck CMCI Commodity Strategy ETF

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Caledonia Mining Corp PLC

CMOC Group Ltd

CMOC GROUP LTD UNSP/ADR by CMOC GROUP LTD

Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares

Cheetah Mobile Inc

Columbus McKinnon Corporation - Common Stock

Columbus McKinnon Corp

Comcast Corporation - Class A Common Stock

Comcast Corp

Creative Media & Community Trust Corporation - Common Stock

Creative Media & Community Trust

CMC Metals Ltd

CURTIS MATHES CORP by CURTIS MATHES CORP.

Curtis Mathes Corp

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Commercial Metals Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>)</h3>
<ul>
<li>On Dec. 12, UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and lowered the price target from $62 to $56. The company's stock fell around 19% over the past month and has a <a href="https://www.benzinga.com/quote/CMC">52-week low of $47.42</a>.</li>
<li>RSI Value: 27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMC Price Action: Shares of Commercial Metals gained 1.5% to close at $50.27 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">latest CMC news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png" alt="" class="wp-image-704163" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-768x710.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</h3>
<ul>
<li>On Dec. 19, Citigroup analyst Alexander Hacking maintained Cleveland-Cliffs with a Neutral and lowered the price target from $12.5 to $11. The company's stock fell around 25% over the past month and<a href="https://www.benzinga.com/quote/CLF"> has a 52-week low</a> of $9.13.</li>
<li>RSI Value: 28</li>
<li>CLF Price Action: Shares of Cleveland-Cliffs gained 0.5% to close at $9.38 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">trend in CLF stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png" alt="" class="wp-image-704164" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-768x708.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Quaker Chemical Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWR#NYSE">KWR</a>)</h3>
<ul>
<li>On Nov. 18, Quaker Houghton board appointed Joseph Berquist as CEO and President, and a member of Board. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/KWR">low of $137.65</a></li>
<li>RSI Value: 24</li>
<li>KWR Price Action: Shares of Quaker Chemical fell 1.7% to close at $138.61 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">KWR shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="860" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png" alt="" class="wp-image-704169" style="width:574px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-300x294.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-768x753.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
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Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

Top 3 Materials Stocks That May Rocket Higher In December

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TECK

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Commercial Metals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) short percent of float has fallen 3.62% since its last report. The company recently reported that it has 3.18 million shares sold short, which is 3.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Commercial Metals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734545722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Commercial Metals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Commercial Metals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Commercial Metals's peer group average for short interest as a percentage of float is 4.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Commercial Metals's Recent Short Interest

Shares of Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) are falling on Friday. This follows Thursday&#8217;s drop <a href="https://www.benzinga.com/24/12/42462859/this-hershey-analyst-turns-bearish-here-are-top-5-downgrades-for-thursday">of more than 5%.</a>
There is a good chance the selloff ends around current levels. There is also a chance that the stock reverses and rallies, so Benzinga&#8217;s team of technical analysts has made it our &#8220;Stock of the Day.&#8221;
The move lower was the result of a downgrade by UBS from Buy to Neutral. &nbsp;UBS also downgraded other steel companies as well. It cut Commercial Metals Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from Buy to Sell and Steel Dynamics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) from Buy to Neutral.
UBS downgraded the entire steel industry. It said that the risk-reward profile has become "less compelling" and "more balanced.
There is a chance that the sell-off will soon end.
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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13110708/nue-1024x545.webp" alt="" class="wp-image-691728" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13110708/nue-1024x545.webp 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13110708/nue-300x160.webp 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13110708/nue-768x408.webp 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13110708/nue.webp 1525w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
As you can see on the chart, the stock found support around $130. This level was support in January and May 2023.
An important technical analysis dynamic that successful traders understand is that there tends to be support at price levels that had been support before.
This is because of psychology. There are traders and investors who sold shares while they were at support. Some of them decided they made a mistake when the price ripped higher soon after. A number of these remorseful sellers vowed to buy their shares back if they could get them at the same price they were sold for.
So, now that the stock has returned to around $130, they are placing buy orders. The large concentration of these orders has created support at the same price that had been support before.
Sometimes stocks rally after they reach support. This is also due to psychology.
Some of the investors and traders who want to buy get nervous. They don't want to miss out, and they are afraid someone else will be willing to pay a higher price than they do. They know that's who the sellers will go to.
As a result, they raise the prices they are willing to pay. Other nervous buyers see this and do the same thing. It results in a snowball effect that can push the price higher.
Successful traders understand how psychology can affect price action. Seller's remorse can keep support intact. Nervous buyers can make stocks rally.
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Photo by BildWerk on Shutterstock

Technicals

STLD

Stock Of The Day: When Will Nucor's Selloff Hit Bottom?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Price Target

Analyst Ratings

ADBE

MTCH

UNFI

PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday

UBS analyst Curt Woodworth downgrades Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from Buy to Sell and lowers the price target from $62 to $56.

Downgrades

UBS Downgrades Commercial Metals to Sell, Lowers Price Target to $56

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>)</h3>
<ul>
<li>Commercial Metals will report its first quarter earnings on Monday, Jan. 6, 2025. The company's stock fell around 2% over the past five days and has a <a href="https://www.benzinga.com/quote/CMC">52-week low of $45.55</a>.</li>
<li>RSI Value: 28.93&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMC Price Action: Shares of Commercial Metals fell 0.8% to close at $61.75 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121124&amp;t=be2bearmibe3na1">latest CMC news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11054755/image-83.png" alt="" class="wp-image-687080" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11054755/image-83.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11054755/image-83-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11054755/image-83-768x712.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">Madison Square Garden Entertainment Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGE#NASDAQ">MSGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 3, Madison Square Garden Entertainment repurchased $25 million of MSGE Class A common stock. The company's stock fell around 8% over the past five days and <a href="https://www.benzinga.com/quote/MSGE">has a 52-week low</a> of $30.10.</li>
<li>RSI Value: 29.89</li>
<li>MSGE Price Action: Shares of Madison Square Garden fell 3.6% to close at $35.59 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121124&amp;t=be2bearmibe3na1">trend in MSGE stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11055436/image-84.png" alt="" class="wp-image-687087" style="width:588px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11055436/image-84.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11055436/image-84-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11055436/image-84-768x716.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Omnicom Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>)</h3>
<ul>
<li>On Dec. 9, Omnicom Group agreed to acquire Interpublic Group of Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) in a stock-for-stock transaction. Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock. The company's stock fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/OMC">low of $82.26</a>.</li>
<li>RSI Value: 28.93</li>
<li>OMC Price Action: Shares of Omnicom fell 0.4% to close at $92.46 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121124&amp;t=be2bearmibe3na1">breakout in OMC shares</a>. </li>
</ul>
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Goldman Sachs analyst Mike Harris initiates coverage on Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Buy rating and announces Price Target of $75.

Initiation

Goldman Sachs Initiates Coverage On Commercial Metals with Buy Rating, Announces Price Target of $75

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 10 years by 1.64% on an annualized basis producing an average annual return of 12.86%. Currently, Commercial Metals has a market capitalization of $6.24 billion. 
Buying $100 In CMC: If an investor had bought $100 of CMC stock 10 years ago, it would be worth $326.58 today based on a price of $54.78 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730307634_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Commercial Metals 10 Years Ago Would Be Worth Today

Commercial Metals shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) reported fourth-quarter net sales of $1.996 billion, <a href="https://www.benzinga.com/pressreleases/24/10/n41376064/cmc-reports-fourth-quarter-and-full-year-fiscal-2024-results" target="_blank" rel="noreferrer noopener">missing the consensus of $2.001 billion.</a>
The company stated that demand for CMC&#8217;s products in North America remained stable, with daily steel shipments unchanged from last year. Merchant product shipments grew, supported by the Arizona 2 micro mill.
Commercial Metals European market conditions were steady sequentially, but long-steel consumption stayed below historical levels. The Europe Steel Group reported a $3.6 million adjusted EBITDA loss, with improvements driven by cost management despite lower shipment volumes and reduced margins.
The Europe Steel Group&#8217;s average selling price per ton for the quarter was $667, down from $682 in the fourth quarter of fiscal 2023 and $681 in the previous quarter.
Core EBITDA decreased to $277.06 million from $327.73 million in the prior year quarter, with a core EBITDA margin of 11.4%, down from 14.8%. Adjusted EPS was $0.90, <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beating the consensus of $0.89.</a>
As of August-end, cash and cash equivalents totaled $857.9 million, with available liquidity of nearly $1.7 billion. The company&#8217;s net cash flows from operating activities for the fiscal totaled $899.71 million, compared to $1.34 billion a year ago.
During the quarter, CMC repurchased 1 million shares of common stock valued at $54.8 million; $403.8 million remained available under the current share repurchase authorization.
Dividend: On October 15, 2024, the board declared a quarterly dividend of $0.18 per share, payable on November 14, to stockholders of record on October 31.
&#8220;During the fourth quarter, we felt the impact of increased macroeconomic and political uncertainty. Though strong by historical standards, our financial results were hampered by weaker sentiment that negatively influenced steel product pricing and margins. Certain contemplated construction projects appear to be on hold until greater clarity emerges regarding the future path of interest rates and the outcome of U.S. elections,&#8221; commented Peter Matt, President and Chief Executive Officer.
Matt added, &#8220;During 2024, we made significant progress on the development of a key component of our long-term strategic plan &#8211; Transform, Advance, Grow (TAG), an enterprise wide operational and commercial excellence initiative &#8211; which we expect will support substantial value creation in the years ahead.&#8221;
Outlook: Commercial Metals anticipates a decline in consolidated financial results for the first quarter of fiscal 2025 compared to the fourth quarter, driven by ongoing macroeconomic uncertainty and a temporary dip in sentiment within <a target="_blank" href="https://newsdesk.benzinga.com/calendar/guidance" rel="noreferrer noopener">certain segments of the construction industry.</a>
The company forecasts finished steel shipments within the North America Steel Group to follow normal seasonal trends, while adjusted EBITDA margin is expected to decrease on lower steel product margin over scrap cost.
Adjusted EBITDA for Europe Steel Group should experience a meaningful sequential increase, driven by the receipt of an annual CO2 credit that is expected to be within a range of $35 million to $40 million. Underlying financial performance for the Europe Steel Group is likely to remain similar sequentially. 
Financial results for the Emerging Businesses Group are anticipated to decline due to normal seasonality and the impact of economic uncertainty within the U.S. and Europe.
Price Action: CMC shares are trading higher by 1.82% at $54.65 at the last check Thursday.

Earnings

Equities

Guidance

Dividends

Movers

Commercial Metals Q4 EPS Beats By A Whisker, But Outlook Signals Tough Start To 2025

Outlook
Mr. Matt said, &quot;We expect consolidated financial results in our first quarter of fiscal 2025 to decline from the fourth quarter level as a consequence of continued macroeconomic uncertainty and temporary, dampened sentiment within certain areas of the construction industry. Finished steel shipments within the North America Steel Group are anticipated to follow normal seasonal trends, while adjusted EBITDA margin is expected to decrease on lower steel product margin over scrap cost. Adjusted EBITDA for our Europe Steel Group should experience a meaningful sequential increase, driven by the receipt of an annual CO2 credit that is expected to be within a range of $35 million to $40 million. Underlying financial performance for the Europe Steel Group is likely to remain similar to fourth quarter levels. Financial results for the Emerging Businesses Group are anticipated to decline due to normal seasonality and the impact of economic uncertainty within the United States and Europe.&quot;
&nbsp;
Mr. Matt concluded, &quot;We believe current market conditions represent a transient period of softness created by uncertainty regarding important factors that influence any major capital investment &ndash; the cost of funding and future government policy. Clarity will emerge in the coming months, and we believe, renewed strength in our core markets will follow.&quot;

Commercial Metals Expects Q1 Fiscal 2025 Consolidated Financial Results To Decline From The Q4 Fiscal 2024 Level

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.89 by 1.12 percent. This is a 43.04 percent decrease over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $1.996 billion which missed the analyst consensus estimate of $2.001 billion by 0.25 percent. This is a 9.64 percent decrease over sales of $2.209 billion the same period last year.

Earnings Beats

Earnings Misses

Commercial Metals Q4 2024 Adj. EPS $0.90 Beats $0.89 Estimate, Sales $1.996B Miss $2.001B Estimate

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Commercial Metals will report an earnings per share (EPS) of $0.89.
The market awaits Commercial Metals's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.00, leading to a 3.32% increase in the share price the following trading session.

<img src="https://www.benzinga.com/files/images/story/2024/1729090906_0.png" alt="eps graph" />
<h3>Commercial Metals Share Price Analysis</h3>
Shares of Commercial Metals were trading at $53.08 as of October 15. Over the last 52-week period, shares are up 30.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Commercial Metals</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Commercial Metals.
The consensus rating for Commercial Metals is Buy, based on 1 analyst ratings. With an average one-year price target of $65.0, there's a potential 22.46% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of and Cleveland-Cliffs, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Cleveland-Cliffs, with an average 1-year price target of $14.5, suggesting a potential 72.68% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary presents essential metrics for and Cleveland-Cliffs, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Commercial Metals</td>
<td>Buy</td>
<td>-11.36%</td>
<td>$340.40M</td>
<td>2.82%</td>
</tr>
<tr>
<td>Cleveland-Cliffs</td>
<td>Neutral</td>
<td>-14.91%</td>
<td>$162M</td>
<td>0.03%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Commercial Metals is positioned in the middle compared to its peers in terms of consensus rating. It shows a higher revenue growth rate than its peers. However, its gross profit is lower than the average of its peers. Additionally, its return on equity is higher than the average of its peers.
<h3>Get to Know Commercial Metals Better</h3>
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.
<h3>Key Indicators: Commercial Metals's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Commercial Metals's financials over 3 months reveals challenges. As of 31 May, 2024, the company experienced a decline of approximately -11.36% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: Commercial Metals's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.75%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.82%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Commercial Metals's ROA excels beyond industry benchmarks, reaching 1.79%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
<a href="https://www.benzinga.com/quote/CMC/earnings">To track all earnings releases for Commercial Metals visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Commercial Metals's Earnings Preview

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 5 years by 8.13% on an annualized basis producing an average annual return of 22.13%. Currently, Commercial Metals has a market capitalization of $6.14 billion. 
Buying $1000 In CMC: If an investor had bought $1000 of CMC stock 5 years ago, it would be worth $2,817.33 today based on a price of $53.38 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728585027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,800 Today

Wolfe Research analyst Timna Tanners downgrades Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from Outperform to Peer Perform.

Wolfe Research Downgrades Commercial Metals to Peer Perform

In the current market session, Commercial Metals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) stock price is at $52.27, after a 0.62% drop. However, over the past month, the company's stock increased by 7.41%, and in the past year, by 19.65%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1728487808_0.png" alt="Past Year Chart" />

<h3>Evaluating Commercial Metals P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Commercial Metals has a lower P/E than the aggregate P/E of 20.65 of the Metals &amp; Mining industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728487808_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Commercial Metals

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 10 years by 1.14% on an annualized basis producing an average annual return of 12.31%. Currently, Commercial Metals has a market capitalization of $6.17 billion. 
Buying $1000 In CMC: If an investor had bought $1000 of CMC stock 10 years ago, it would be worth $3,133.33 today based on a price of $53.66 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727190027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Commercial Metals Stock In The Last 10 Years

United States Steel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/x#NYSE">X</a>) shares rallied 7% in the last trading session to close at $33.39. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 25.5% loss over the past four weeks.
U.S. Steel&#39;s stock popped on reports that a senior Nippon Steel executive traveled to Washington to meet with U.S. officials in a last-ditch effort to save Nippon Steel&#39;s proposed $14.9 billion takeover of U.S. Steel following reports a week ago that the Biden administration was preparing to block the deal.
This steel maker is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -73.6%. Revenues are expected to be $3.77 billion, down 14.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For U.S. Steel, the consensus EPS estimate for the quarter has been revised 26.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn&#39;t usually translate into price appreciation. So, make sure to keep an eye on X going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
U.S. Steel is a member of the Zacks Steel - Producers industry. One other stock in the same industry, Commercial Metals (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmc#NYSE">CMC</a>), finished the last trading session 1% lower at $48.67. CMC has returned -8.3% over the past month.
Commercial Metals&#39; consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.14. Compared to the company&#39;s year-ago EPS, this represents a change of -32.5%. Commercial Metals currently boasts a Zacks Rank of #3 (Hold).
<a href="https://www.zacks.com/stock/news/2335003/u-s-steel-x-moves-7-0-higher-will-this-strength-last?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2335003">To read this article on Zacks.com click here.</a>

Mid Cap

Events

U.S. Steel Moves 7.0% Higher: Will This Strength Last?

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 5 years by 10.75% on an annualized basis producing an average annual return of 23.85%. Currently, Commercial Metals has a market capitalization of $5.83 billion. 
Buying $100 In CMC: If an investor had bought $100 of CMC stock 5 years ago, it would be worth $307.57 today based on a price of $50.72 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725546631_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Commercial Metals 5 Years Ago Would Be Worth Today

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EQIX

OUTFF

OUTKY

RDUS

TPIC

Press Releases

D.R. Horton, Inc. Appoints Three New Independent Directors

CMC Announces Fourth Quarter Fiscal 2024 Conference Call Webcast Details

CMC Announces Fourth Quarter Fiscal 2024 Conference Call Time One Hour Earlier

Commodities

CMC Announces Appointment of Kekin Ghelani as Senior Vice President, Chief Strategy Officer

CMC Announces Quarterly Dividend of $0.18 Per Share

CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results

CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation

CMC Recognized as One of America's Most Responsible Companies by Newsweek for 2025

CMC Announces First Quarter Fiscal 2025 Conference Call Webcast Details

CMC Publishes 2024 Sustainability Report

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