Zacks Research Has Optimistic Outlook of CMC FY2026 Earnings

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research increased their FY2026 earnings estimates for Commercial Metals in a note issued to investors on Friday, July 24th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $6.64 for the year, up from their prior estimate of $6.62. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.64 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.91 EPS, Q2 2027 earnings at $1.44 EPS, Q3 2027 earnings at $1.82 EPS, Q1 2028 earnings at $1.81 EPS, Q2 2028 earnings at $1.53 EPS, Q3 2028 earnings at $1.85 EPS and FY2028 earnings at $7.27 EPS.

Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. The business had revenue of $2.48 billion during 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 company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS.

Several other research firms also recently issued reports on CMC. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded Commercial Metals to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Wednesday, July 8th. Finally, UBS Group upgraded Commercial Metals from a “neutral” rating to a “buy” rating and raised their price target for the stock from $79.00 to $89.00 in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Commercial Metals Price Performance

Shares of NYSE:CMC opened at $68.91 on Monday. The company’s fifty day moving average price is $70.14 and its 200 day moving average price is $70.48. Commercial Metals has a 12 month low of $49.66 and a 12 month 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 $7.62 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.40 and a beta of 1.54.

Commercial Metals Dividend Announcement

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

Insider Transactions at Commercial Metals

In related news, CEO Peter R. Matt purchased 8,230 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the transaction, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. The trade was a 4.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Qsemble Capital Management LP raised its position in Commercial Metals by 118.6% during the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock worth $3,453,000 after buying an additional 27,062 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Commercial Metals by 11.5% in the first quarter. California Public Employees Retirement System now owns 277,877 shares of the basic materials company’s stock valued at $17,070,000 after acquiring an additional 28,693 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Commercial Metals by 45.5% in the third quarter. Tudor Investment Corp ET AL now owns 217,082 shares of the basic materials company’s stock valued at $12,434,000 after acquiring an additional 67,864 shares in the last quarter. NFJ Investment Group LLC acquired a new position in shares of Commercial Metals during the fourth quarter worth about $12,600,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Commercial Metals by 2.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 977,385 shares of the basic materials company’s stock worth $67,655,000 after acquiring an additional 27,775 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.