Zacks Research Expects Higher Earnings for Commercial Metals

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research boosted their Q3 2026 earnings estimates for shares of Commercial Metals in a research report issued on Thursday, August 14th. Zacks Research analyst S. Deb now expects that the basic materials company will earn $0.99 per share for the quarter, up from their prior estimate of $0.97. 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 $4.15 EPS, Q1 2027 earnings at $1.23 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $0.99 EPS and FY2027 earnings at $4.54 EPS.

Several other research firms have also weighed in on CMC. JPMorgan Chase & Co. increased their price objective on shares of Commercial Metals from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. UBS Group reiterated a “neutral” rating and set a $56.00 price objective (up previously from $48.00) on shares of Commercial Metals in a research note on Wednesday. Morgan Stanley set a $57.50 price objective on shares of Commercial Metals in a research note on Wednesday, June 25th. Wolfe Research upgraded shares of Commercial Metals from a “peer perform” rating to an “outperform” rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company upgraded shares of Commercial Metals to a “strong-buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Commercial Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.81.

Commercial Metals Stock Performance

Shares of CMC stock opened at $56.40 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. Commercial Metals has a one year low of $37.92 and a one year high of $64.53. The company’s 50-day simple moving average is $51.66 and its 200-day simple moving average is $48.36. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 181.94, a PEG ratio of 2.60 and a beta of 1.28.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Monday, June 23rd. The basic materials company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company earned $1.02 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis.

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were paid a $0.18 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Commercial Metals’s dividend payout ratio (DPR) is presently 232.26%.

Institutional Investors Weigh In On Commercial Metals

Several large investors have recently made changes to their positions in CMC. Bank of Montreal Can increased its stake in shares of Commercial Metals by 9.5% in the fourth quarter. Bank of Montreal Can now owns 15,801 shares of the basic materials company’s stock valued at $784,000 after purchasing an additional 1,369 shares during the period. Renaissance Technologies LLC increased its stake in shares of Commercial Metals by 395.3% in the fourth quarter. Renaissance Technologies LLC now owns 149,100 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 119,000 shares during the period. Sterling Capital Management LLC increased its stake in shares of Commercial Metals by 811.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,654 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 3,253 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Commercial Metals in the fourth quarter valued at approximately $233,000. Finally, Barclays PLC increased its stake in shares of Commercial Metals by 24.5% in the fourth quarter. Barclays PLC now owns 262,511 shares of the basic materials company’s stock valued at $13,020,000 after purchasing an additional 51,742 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Commercial Metals

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.