Zacks Research Brokers Boost Earnings Estimates for CMC

Commercial Metals Company (NYSE:CMC) – Research analysts at Zacks Research increased their Q1 2027 earnings per share estimates for shares of Commercial Metals in a note issued to investors on Wednesday, February 4th. Zacks Research analyst Team now expects that the basic materials company will earn $1.65 per share for the quarter, up from their previous estimate of $1.63. 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.

CMC has been the subject of several other research reports. Wells Fargo & Company upped their price target on shares of Commercial Metals from $68.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group set a $85.00 price objective on shares of Commercial Metals and gave the stock a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. Citigroup lifted their price target on Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Morgan Stanley boosted their price target on Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.70.

Commercial Metals Stock Down 2.6%

Shares of Commercial Metals stock opened at $80.57 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 3.70. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.44 and a beta of 1.49. The firm’s 50-day moving average is $72.29 and its two-hundred day moving average is $62.69. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.12.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings results on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.55 by $0.29. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. Commercial Metals had a return on equity of 11.43% and a net margin of 5.46%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share.

Commercial Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 16th. Commercial Metals’s payout ratio is 18.56%.

Insider Buying and Selling at Commercial Metals

In related news, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the transaction, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. This represents a 32.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dennis V. Arriola purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was acquired at an average price of $74.69 per share, with a total value of $149,380.00. Following the completion of the purchase, the director owned 9,238 shares of the company’s stock, valued at $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 insiders.

Institutional Trading of Commercial Metals

Several large investors have recently bought and sold shares of the stock. Drummond Knight Asset Management Pty Ltd acquired a new stake in Commercial Metals during the third quarter worth about $15,579,000. Allspring Global Investments Holdings LLC boosted its position in Commercial Metals by 11.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 225,817 shares of the basic materials company’s stock worth $13,312,000 after purchasing an additional 22,587 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Commercial Metals by 430.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,247 shares of the basic materials company’s stock worth $1,675,000 after purchasing an additional 23,738 shares during the period. Rhumbline Advisers grew its stake in shares of Commercial Metals by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 393,334 shares of the basic materials company’s stock worth $19,238,000 after purchasing an additional 5,147 shares during the period. Finally, Hodges Capital Management Inc. increased its holdings in shares of Commercial Metals by 3.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 251,468 shares of the basic materials company’s stock valued at $12,299,000 after purchasing an additional 8,267 shares in the last quarter. Hedge funds and other institutional investors 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.