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Commercial Metals (CMC) Earnings For Monday Preview

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.

Commercial Metals is forecast to record lower first-quarter earnings before the market opens on January 7, 2013.

The consensus estimate is currently 16 cents a share, a drop of 4 cents (20%) from 20 cents during the equivalent quarter last year. The lowest analyst estimate this report is 5 cents per share, and the highest is 28 cents per share.

This stock currently has an annualized dividend of 48 cents, yielding 3.2%.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.5% of the average trading float.


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Stock Tickers: CMC Author Disclosure: NA
Commercial Metals Company
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