Q4 EPS Estimate for Commercial Metals Reduced by Analyst

Commercial Metals Company (NYSE:CMC) – Zacks Research decreased their Q4 2027 earnings estimates for shares of Commercial Metals in a report issued on Wednesday, April 22nd. Zacks Research analyst Team now forecasts that the basic materials company will earn $2.09 per share for the quarter, down from their prior estimate of $2.10. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.75 per share. Zacks Research also issued estimates for Commercial Metals’ Q2 2028 earnings at $1.43 EPS and FY2028 earnings at $7.03 EPS.

CMC has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Morgan Stanley upped their target price on shares of Commercial Metals from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Wells Fargo & Company lowered their target price on shares of Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, March 27th. Wall Street Zen cut shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Commercial Metals Trading Up 1.7%

Shares of NYSE:CMC opened at $69.18 on Friday. The company’s 50 day moving average is $66.86 and its two-hundred day moving average is $67.41. Commercial Metals has a 52 week low of $43.01 and a 52 week high of $84.87. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75. The company has a market cap of $7.67 billion, a PE ratio of 15.41, a P/E/G ratio of 0.40 and a beta of 1.47.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis.

Commercial Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, April 6th. This represents a $0.80 dividend on an annualized basis 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 (DPR) is currently 16.04%.

Insiders Place Their Bets

In related news, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the sale, the insider owned 52,880 shares in the company, valued at $4,228,813.60. This represents a 32.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Commercial Metals

A number of large investors have recently bought and sold shares of CMC. Artemis Investment Management LLP acquired a new stake in Commercial Metals during the 4th quarter worth $103,962,000. Norges Bank acquired a new stake in Commercial Metals during the 4th quarter worth $97,983,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Commercial Metals during the 3rd quarter worth $54,394,000. Encompass Capital Advisors LLC acquired a new stake in Commercial Metals during the 4th quarter worth $41,523,000. Finally, Merewether Investment Management LP acquired a new stake in Commercial Metals during the 3rd quarter worth $26,847,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.