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Commercial Metals Company Earnings Preview For Thursday's Release

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Commercial Metals Company  (CMC) 

Background: Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Activities are primarily concerned with metals related activities. The manufacturing segment is the dominant and most rapidly expanding segment in terms of assets employed, capital expenditures, operating profit and number of employees. The recycling segment is engaged in processing secondary, or scrap, metals for further recycling into new metal products. The marketing and trading segment buys and sells primary and secondary metals, and fabricated metals.

The upcoming second-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on March 27, 2014 .
 

The Analyst's mean profit appraisal is presently 12 cents a share, a gain of 8 cents (66.7%) from 4 cents during the corresponding quarter last year. The lowest analyst estimate this report is 7 cents per share, and the highest is 18 cents per share.

Investors are receiving 48 cents in dividends for a yield of 2.6%.

Analysts approve the direction Commercial Metals Company is headed. 7 of the 13 analysts covering the company give a buy recommendation. 6 analysts rate it a hold, and none of the analysts give a sell rating. Investors are grinning from ear to ear, and analysts are too. The shares have rocketed higher 17% over the last 52 weeks. Analysts are placing a price target of $23.10.

Short interest above 4% is not enough to sound he alarms, but above 5%, it places renewed hesitation in allocating capital in the company. Short sellers are among the brightest and most informed market participants, and if they turn sour on a company it is likely for a valid reason. If the short interest ascends above 5%, you may want to scrutinize changes within the space. Otherwise, the prevailing 4.7% of the float short is relatively meager and not a major concern.

 

(CMC)

(NUE)

(X)

Strong Buy

3

2

1

Moderate Buy

4

7

7

Hold

6

10

8

Avg Analyst Price Target

$23.10

$55.29

$28.47

Revenue

$7.08 billion

$20.24 billion

$18.00 billion

Est Low EPS

0.07

0.43

0.24

Est High EPS

0.18

0.61

0.93

1 Year Stock Price Change

15.22%

4.40%

23.01%


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Stock Tickers: CMC NUE Author Disclosure: n/a
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