CMC News and Press, Commercial Metals Company From 10/14/21

Earnings season began to heat up on Thursday, with quarterly results driving much of the pre-market action. UnitedHealth (NYSE:UNH) helped lead the charge, rising in pre-market trading on better-than-expected financial figures. Taiwan Semiconductor (NYSE:TSM) and Walgreens Boots Alliance (NAS...

Commercial Metals Company Reports Record Fourth Quarter And Full Year Fiscal 2021 Results - Achieved record quarterly Earnings from Continuing Operations of $152.3 million, or $1.24 per diluted share; and record Core EBITDA from Continuing Operations of $255.9 million - Repo...

Commercial Metals Company Announces New $350 Million Share Repurchase Program And 17% Increase In Quarterly Dividend PR Newswire IRVING, Texas , Oct. 13, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that its Board of Directors h...

U.S. Steel (NYSE:X) -4% pre-market after Goldman Sachs downgrades shares to Sell from Neutral with a $21 price target, cut from $24, seeing "higher capital intensity driving negative free cash flow momentum." As Goldman expects some of the major producers could struggle as higher steel prices...

Commercial Metals Company To Sell Rancho Cucamonga Site PR Newswire IRVING, Texas , Sept. 30, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced it has reached an agreement to sell the land underlying its former Steel California and R...

Bruce Berkowitz’s 13F stock portfolio value increased this quarter from $1.21B to $1.27B. Several small positions were dropped, and new ones added during the quarter. The 13F portfolio is mostly invested in St. Joe Company. For further details see: Tracking Bruce ...

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Commercial Metals Company To Be Featured In National TV Series 'EARTH With John Holden' PR Newswire IRVING, Texas , Sept. 23, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) will be featured in the September 26 th edition of EARTH with ...

Good earnings results have likely caused the share price to get ahead of itself. Positive news on the proposed infrastructure bill could likely result in additional share price gains in the short term. Now is likely not the best time to buy Commercial Metals Company shares with a ...

Recent third quarter numbers were the best in the company's 100+ year history. We believe momentum will continue. Share price appreciation will depend on how well management can put cash to work in upcoming quarters. If ROE can stay above 15% on average per quarter, we see sus...