Zacks Research Analysts Raise Earnings Estimates for CMC

Commercial Metals Company (NYSE:CMC) – Analysts at Zacks Research upped their Q2 2027 earnings per share (EPS) estimates for Commercial Metals in a research report issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.19 per share for the quarter, up from their previous estimate of $1.18. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals’ FY2027 earnings at $6.65 EPS, Q1 2028 earnings at $1.68 EPS and Q2 2028 earnings at $1.52 EPS.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.55 by $0.29. Commercial Metals had a return on equity of 11.43% and a net margin of 5.46%.The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 11.0% on a year-over-year basis.

Several other brokerages have also commented on CMC. Morgan Stanley upped their price target on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. upgraded shares of Commercial Metals from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $64.00 to $78.00 in a report on Friday, December 5th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 price objective on shares of Commercial Metals in a research note on Tuesday, December 30th. Jefferies Financial Group set a $85.00 target price on Commercial Metals and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Commercial Metals currently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Commercial Metals Price Performance

CMC opened at $61.10 on Friday. The company’s 50 day simple moving average is $75.07 and its 200 day simple moving average is $66.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.70 and a current ratio of 4.47. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.87. The stock has a market capitalization of $6.78 billion, a PE ratio of 15.75, a P/E/G ratio of 0.33 and a beta of 1.47.

Institutional Trading of Commercial Metals

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its position in Commercial Metals by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 23,615 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 216 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Commercial Metals by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 38,839 shares of the basic materials company’s stock worth $2,686,000 after purchasing an additional 9,102 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after buying an additional 716 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Commercial Metals by 7.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,803 shares of the basic materials company’s stock worth $955,000 after buying an additional 986 shares during the period. Finally, Vident Advisory LLC acquired a new stake in shares of Commercial Metals in the fourth quarter valued at about $1,113,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Commercial Metals

In other Commercial Metals news, Director Dennis V. Arriola acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was bought at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the purchase, the director directly owned 9,238 shares in the company, valued at $689,986.22. This represents a 27.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the sale, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. The trade was a 32.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is owned by insiders.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. Commercial Metals’s payout ratio is 18.56%.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.