Overview
- CMC will post first-quarter results before Thursday’s opening bell, with Benzinga Pro consensus at $1.54 EPS and $2.05 billion in revenue, up from $0.78 and $1.91 billion a year earlier.
- On Jan. 5 the company declared a $0.18 quarterly dividend, equating to $0.72 annually and an indicated yield of about 0.97%.
- Shares moved higher into the release, gaining 2.6% Tuesday to close at $74.61 after a prior close of $72.69.
- Recent analyst actions include Jefferies upgrading to Buy with a $78 target on Dec. 10, Wells Fargo raising its target to $79 on Dec. 15, and JPMorgan upgrading to Overweight with a $78 target on Dec. 5.
- Benzinga’s dividend math suggests about 8,333 shares—roughly $621,725 at recent prices—would be needed to target $500 in monthly income, with yields subject to price or payout changes.