Q3 EPS Forecast for Commercial Metals Lowered by Analyst

Commercial Metals Company (NYSE:CMC) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for shares of Commercial Metals in a report issued on Thursday, April 9th. Zacks Research analyst Team now expects that the basic materials company will earn $1.78 per share for the quarter, down from their previous estimate of $1.91. Zacks Research currently has a “Hold” rating on the stock. 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 $6.71 EPS, Q2 2027 earnings at $1.38 EPS, Q3 2027 earnings at $1.81 EPS, FY2027 earnings at $6.96 EPS and FY2028 earnings at $7.06 EPS.

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 the consensus estimate of $1.28 by ($0.12). The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

CMC has been the subject of several other research reports. Wall Street Zen downgraded Commercial Metals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Morgan Stanley raised their target price on Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on Commercial Metals in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price for the company. Wells Fargo & Company cut their target price on Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Commercial Metals currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Commercial Metals Stock Up 0.4%

CMC stock opened at $65.81 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.55 and a current ratio of 2.38. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.38 and a beta of 1.47. Commercial Metals has a fifty-two week low of $40.00 and a fifty-two week high of $84.87. The stock has a fifty day moving average of $69.83 and a 200-day moving average of $66.79.

Institutional Trading of Commercial Metals

A number of large investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of Commercial Metals by 1.5% during the 4th quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after acquiring an additional 91,104 shares during the last quarter. Boston Partners boosted its position in shares of 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 during the last quarter. American Century Companies Inc. boosted its position in shares of Commercial Metals by 6.6% during the 3rd 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. Finally, Invesco Ltd. boosted its position in shares of Commercial Metals by 4.8% during the 3rd quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock valued at $95,144,000 after acquiring an additional 76,365 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Activity

In other Commercial Metals news, insider Jennifer J. Durbin sold 25,050 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total value of $2,003,248.50. Following the completion of the transaction, the insider owned 52,880 shares in the company, valued at $4,228,813.60. This trade represents a 32.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis V. Arriola purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were acquired at an average price of $74.69 per share, with a total value of $149,380.00. Following the transaction, the director owned 9,238 shares in the company, valued at approximately $689,986.22. The trade was a 27.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is owned by company insiders.

Commercial Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th will be paid a $0.20 dividend. The ex-dividend date is Monday, April 6th. This represents a $0.80 annualized dividend and a yield of 1.2%. This is an increase from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s dividend payout ratio is 16.04%.

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.