Zacks Research Issues Pessimistic Forecast for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research decreased their Q3 2026 earnings estimates for Commercial Metals in a report released on Friday, June 12th. Zacks Research analyst Team now expects that the basic materials company will earn $1.61 per share for the quarter, down from their prior forecast of $1.72. The consensus estimate for Commercial Metals’ current full-year earnings is $6.40 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.82 EPS, FY2026 earnings at $6.43 EPS, Q1 2027 earnings at $1.58 EPS, Q3 2027 earnings at $1.70 EPS, Q4 2027 earnings at $1.97 EPS, FY2027 earnings at $6.62 EPS, Q1 2028 earnings at $1.59 EPS, Q2 2028 earnings at $1.37 EPS, Q3 2028 earnings at $1.72 EPS and FY2028 earnings at $6.65 EPS.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Barclays began coverage on Commercial Metals in a research report on Thursday, May 21st. They set an “equal weight” rating and a $75.00 price objective on the stock. Wall Street Zen lowered Commercial Metals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. KeyCorp initiated coverage on Commercial Metals in a report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $77.00 price target on shares of Commercial Metals in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.10.

Commercial Metals Stock Down 0.0%

CMC stock opened at $77.73 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average of $70.20 and a two-hundred day moving average of $70.70. Commercial Metals has a 12 month low of $47.06 and a 12 month high of $84.87. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.47 and a beta of 1.50.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year.

Commercial Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were issued a $0.20 dividend. This is a boost from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, April 6th. Commercial Metals’s payout ratio is currently 16.04%.

Institutional Investors Weigh In On Commercial Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC acquired a new position in Commercial Metals in the third quarter valued at about $821,000. American Century Companies Inc. increased its position in shares of Commercial Metals by 6.6% during the third quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company’s stock valued at $104,474,000 after acquiring an additional 112,267 shares during the last quarter. Qsemble Capital Management LP raised its stake in shares of Commercial Metals by 118.6% in the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock valued at $3,453,000 after acquiring an additional 27,062 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Commercial Metals by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 884,604 shares of the basic materials company’s stock worth $50,670,000 after acquiring an additional 64,491 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Commercial Metals by 14.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 459,657 shares of the basic materials company’s stock worth $26,329,000 after acquiring an additional 56,705 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Key Stories Impacting Commercial Metals

Here are the key news stories impacting Commercial Metals this week:

• Negative Sentiment: Zacks Research trimmed its near-term and longer-dated EPS forecasts for Commercial Metals, including FY2026, FY2027, FY2028, and several quarterly periods, signaling a more cautious view on profitability. Article Title
• Neutral Sentiment: Despite the cuts, Zacks’ updated estimates remain roughly in line with or slightly above the current consensus for full-year earnings, suggesting the revisions were not severe enough to materially change the broader outlook.
• Neutral Sentiment: The company recently reported quarterly EPS below expectations, but revenue beat estimates and was up sharply year over year, leaving investors to weigh weaker profit delivery against solid sales momentum.

About Commercial Metals

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.