Zacks Research Cuts Earnings Estimates for Commercial Metals

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research cut their FY2027 EPS estimates for Commercial Metals in a report released on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the basic materials company will earn $7.05 per share for the year, down from their previous estimate of $7.06. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.63 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2027 earnings at $2.04 EPS.

Other research analysts have also issued research reports about the company. Jefferies Financial Group upgraded Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Morgan Stanley boosted their price objective on Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Wall Street Zen lowered Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. JPMorgan Chase & Co. cut 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. Finally, Weiss Ratings raised shares of Commercial Metals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.45.

Commercial Metals Stock Performance

Shares of Commercial Metals stock opened at $66.44 on Thursday. The business has a 50-day simple moving average of $70.48 and a 200 day simple moving average of $70.58. Commercial Metals has a one year low of $49.66 and a one year high of $84.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.38 and a beta of 1.54.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in Commercial Metals by 1.5% during the fourth quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock worth $440,341,000 after buying an additional 91,104 shares in the last quarter. Boston Partners lifted its stake in Commercial Metals by 1.9% during the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock valued at $208,629,000 after acquiring an additional 67,139 shares in the last quarter. Geode Capital Management LLC lifted its stake in Commercial Metals by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after acquiring an additional 86,749 shares in the last quarter. Invesco Ltd. boosted its holdings in Commercial Metals by 4.8% during the 3rd quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock worth $95,144,000 after acquiring an additional 76,365 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Commercial Metals by 87.4% during the 1st quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock worth $100,205,000 after acquiring an additional 760,985 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In related news, CEO Peter R. Matt acquired 8,230 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was purchased at an average cost of $61.30 per share, with a total value of $504,499.00. Following the acquisition, the chief executive officer owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Commercial Metals’s payout ratio is 15.07%.

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.