Commercial Metals (CMC) is at the right place, at the right time. The place is the steel manufacturing and metal recycling markets, benefiting from a recovery in the global economy, and the sustainable development movement. The time is the last 12 months, that have seen steel and scrap metal prices rising more than 60%. I’m bullish on CMC. (See Insiders’ Hot Stocks on TipRanks) Solid Performance Last week, CMC reported solid Q4 financial results. Earnings came in at $152.3 million, or $1.24 per diluted share, on net sales of $2 billion. That compares with $67.8 million, or $0.56 per diluted share a year ago, on net sales of $1.4 billion.
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Commercial Metals (NYSE:CMC)
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From Oct 2021 to Nov 2021 Click Here for more Commercial Metals Charts.
Commercial Metals (NYSE:CMC)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Commercial Metals Charts.