Zacks Research Issues Negative Estimate for CMC Earnings

Commercial Metals (NYSE:CMC) – Equities researchers at Zacks Research cut their Q2 2026 earnings per share estimates for shares of Commercial Metals in a research note issued to investors on Tuesday, April 22nd. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings of $0.78 per share for the quarter, down from their previous estimate of $0.79. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals’ FY2026 earnings at $4.18 EPS, Q2 2027 earnings at $0.80 EPS and FY2027 earnings at $4.28 EPS.

Several other research firms have also issued reports on CMC. UBS Group dropped their target price on Commercial Metals from $54.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. BNP Paribas downgraded Commercial Metals from an “outperform” rating to a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets lowered their target price on shares of Commercial Metals from $58.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, March 21st. Morgan Stanley cut their price target on shares of Commercial Metals from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Commercial Metals currently has an average rating of “Hold” and an average target price of $60.33.

Commercial Metals Trading Up 2.6 %

Shares of NYSE:CMC opened at $44.39 on Wednesday. The company’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $51.19. Commercial Metals has a one year low of $37.92 and a one year high of $64.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. The stock has a market capitalization of $5.02 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, March 20th. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS.

Commercial Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, March 31st. Commercial Metals’s payout ratio is 120.00%.

Insider Activity at Commercial Metals

In other news, Director John R. Mcpherson purchased 2,475 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $40.42 per share, with a total value of $100,039.50. Following the acquisition, the director now owns 15,141 shares in the company, valued at approximately $611,999.22. This trade represents a 19.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Commercial Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC increased its position in Commercial Metals by 5.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,528 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 229 shares during the period. Mariner LLC increased its holdings in shares of Commercial Metals by 0.9% during the fourth quarter. Mariner LLC now owns 24,735 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 232 shares during the period. Truist Financial Corp raised its position in shares of Commercial Metals by 3.5% in the fourth quarter. Truist Financial Corp now owns 7,150 shares of the basic materials company’s stock valued at $355,000 after buying an additional 242 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Commercial Metals by 10.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company’s stock valued at $138,000 after buying an additional 254 shares during the period. Finally, Arizona State Retirement System grew its position in Commercial Metals by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,373 shares of the basic materials company’s stock worth $1,655,000 after buying an additional 262 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.