Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Commercial Metals (NYSE:CMC) Share Price

News headlines about Commercial Metals (NYSE:CMC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commercial Metals earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.5226393625843 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Commercial Metals (CMC) opened at $25.16 on Tuesday. Commercial Metals has a 12-month low of $17.05 and a 12-month high of $25.90. The company has a market capitalization of $2,934.45, a PE ratio of 38.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.20 and a quick ratio of 2.07.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.13). Commercial Metals had a net margin of 1.53% and a return on equity of 8.08%. analysts expect that Commercial Metals will post 1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, January 12th. Commercial Metals’s dividend payout ratio is presently 72.73%.

A number of equities analysts recently commented on CMC shares. Zacks Investment Research raised Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a report on Tuesday, October 17th. Jefferies Group decreased their price target on Commercial Metals from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 30th. Finally, Bank of America upgraded Commercial Metals from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a research report on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.88.

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About Commercial Metals

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

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