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Commercial Metals Company (NYSE:CMC) Stock Update and Earnings Forecast
Jun 20, 2025 11:00 AM - Gordon Thompson
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- UBS updated its rating for Commercial Metals Company (NYSE:CMC) to Neutral ahead of the third-quarter earnings release.
- Analysts expect earnings of $0.84 per share, down from $1.02 per share in the same period last year, with projected quarterly revenue of $2.04 billion.
- CMC's stock price is $49.04, showing a slight increase as the market anticipates the upcoming earnings announcement.
Commercial Metals Company (NYSE:CMC) is a prominent player in the steel and metal industry, known for its production and recycling of steel and metal products. The company operates in various segments, including steel mills, fabrication, and recycling. CMC competes with other industry giants like Nucor Corporation and Steel Dynamics, making it a significant entity in the market.
On June 20, 2025, UBS updated its rating for CMC to Neutral, maintaining a hold action. At that time, the stock price was $49.04, as reported by Benzinga. This update comes just before CMC's third-quarter earnings release, scheduled for June 23. Analysts expect earnings of $0.84 per share, down from $1.02 per share in the same period last year.
The company's projected quarterly revenue is $2.04 billion, slightly lower than the $2.08 billion reported a year ago. In the second quarter of 2025, CMC reported net sales of $1.754 billion, marking a 5.1% decline year-over-year, aligning with analyst expectations. Despite these figures, CMC shares saw a modest increase of 0.2%, closing at $49.04.
Currently, CMC's stock price is $49.04, reflecting a slight increase of $0.08, or 0.16%, from the previous trading session. The stock has traded between $48.90 and $49.95 today. Over the past year, CMC has experienced a high of $64.53 and a low of $37.92, with a market capitalization of approximately $5.54 billion.
Today's trading volume for CMC on the NYSE is 1,041,011 shares. This activity indicates investor interest as the company approaches its earnings announcement. The market will closely watch CMC's performance and any potential impact on its stock price following the earnings release.
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