Commercial Metals (CMC) Announces Quarterly Earnings Results, Misses Expectations By $-0.03 EPS

Commercial Metals (CMC) announced its quarterly earnings results on Tuesday, Jan-5-2016. The company reported $0.22 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.03. Analyst had a consensus of $0.25 EPS. The company had revenue of $1155.00 million for the quarter, compared to analysts expectations of $1237.51 million.The company’s revenue was down -31.3% compared to the same quarter last year. During the same quarter in the previous year, Commercial Metals posted $0.32 EPS.

Commercial Metals Company is up 0.75% in the last 3-month period. Year-to-Date the stock performance stands at -13.21%.The company shares have dropped -13.97% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $17.76 and the one year low was seen on Jan 16, 2015. The 50-Day Moving Average price is $14.40 and the 200 Day Moving Average price is recorded at $15.22.

Commercial Metals Company (NYSE:CMC) has lost 6.55% during the past week and dropped 7.56% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 5.77%. Commercial Metals Company (NYSE:CMC) has underperformed the index by 5.4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Commercial Metals Company (NYSE:CMC) ended Thursday session in red amid volatile trading. The shares closed down 0.23 points or 1.65% at $13.69 with 1,841,820 shares getting traded. Post opening the session at $13.82, the shares hit an intraday low of $13.55 and an intraday high of $13.99 and the price vacillated in this range throughout the day. The company has a market cap of $1,593 million and the number of outstanding shares have been calculated to be 116,361,758 shares. The 52-week high of Commercial Metals Company (NYSE:CMC) is $17.759 and the 52-week low is $12.8.

Currently the company Insiders own 1.2% of Commercial Metals Company shares according to the proxy statements. Institutional Investors own 84.2% of Commercial Metals Company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Hickey Adam R, officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, executed a transaction worth $13,150 on January 26, 2015. A total of 1,000 shares were purchased at an average price of $13.15. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Commercial Metals Company together with its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mini mill, metal recycling facilities and marketing and distribution in the United States and in international markets. The Company Americas Division operates utilizing three segments: Americas Recycling, Americas Mills and Americas Fabrication. The Companys International Division operates utilizing two segments: International Mill and International Marketing and Distribution, which includes all marketing and distribution operations located outside the United States, as well as two United States-based trading and distribution divisions. In October 2013, Commercial Metals Company completed the sale of Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc.