Commercial Metals Company will announce its third quarter results on June 27, 2012, prior to opening of the market.
It is expected that the third quarter revenues would be $2.14 billion as compared to $2.08 billion for the same period last year. Expected earnings for each share for the third quarter would be 38 cents per share, higher from 32 cents per share during the same period last year.
Commercial Metals Company is involved in fabricating, manufacturing, recycling, and distributing metallic products and services within the United States and globally.
Following are important financial ratios of the company:
Profit Margin: 0.84%
Forward P/E: 6.85
Current Ratio: 2.23
Commercial Metals Company has market capitalization of $1.42 billion. Presently it is trading at about $12.21 having a 52 week price range of $8.64 to $16.48. The stock has dropped 12.87% year to date.
Goldman Sachs upgraded the company on June 11, 2012 from SELL to NEUTRAL Commercial as well as enhanced the target price from $12.50 to $14.00.
Major competitors of the company include Steel Dynamics Inc, Ak Steel Holding Corp, United States Steel Corp and Nucor Corp.Previous Post » Fed Extends Twist and Dollar Rally in Process