Commercial Metals Company (NYSE:CMC) share price jumped at US$ 22.12 before falling back to end the trade at US$ 20.56 a share. The dividend stock is -16.08% off a 52-week high stock price of US$ 24.64 but is up 56.25% since hitting the US$ 14.28. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 44.12.
After a -6.2% fall from previous close of US$ 21.92, Commercial Metals Company (CMC) has a US$ 2.42 Billion market cap. The company pays a US$ 0.12-cent-per-share quarterly dividend, giving it a 2.33% yield. That brings its full year payout to US$ 0.48 and 153.4% annual payout ratio based on EPS. According to FT, Year on year, growth in dividends per share remained flat while earnings per share excluding extraordinary items fell by -25.99%. Additionally when measured on a five year annualized basis, dividend per share growth is in-line with the industry average relative to its peers, while earnings per share growth is above the industry average.
The CMC has tumbled -5.06% year-to-date. The equity has slowed down in recent weeks, with shares lower about -2.51% in the past three months. It added -11.15%, climbed -0.34% and jumped 29.29% in the week, one month and six months, respectively. Revenue growth rate was recorded at -9.7% and net income per share was seen moving at a 44.9% rate in the past five years.
Commercial Metals Company (NYSE:CMC) is over -1% above analysts’ consensus price target of US$ 20.8. The stock has blown through analysts’ low price target of US$ 14, but is still below the high US$ 27 target. On a price appreciation basis over the past 12 months, the stock returned 50.79%.
Financial Times data shows, In 2016, Commercial Metals Co reported a dividend of 0.48 USD, equaling last years dividend. The 11 analysts covering the company expect dividends of 0.48 USD for the upcoming fiscal year, maintaining dividends from this year. The most recent short interest data show 7.71% of the company’s stock are short sold. It would take about 4.4 days to cover all short positions. In terms of volatility, it has a beta coefficient of 1.5 and technical analysis volatility indicator called Average True Range or ATR around 0.75.
Commercial Metals Company (NYSE:CMC) closed 13.15% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -5.38% below another chart threshold, its 50-day moving average and -5.01% below its 20-day simple moving average.
U.S. Dividend Stock: Commercial Metals Company (CMC)
No comments:
Post a Comment