Zacks Research Issues Optimistic Forecast for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Investment analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Commercial Metals in a research note issued on Wednesday, March 11th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.65. 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’ Q3 2027 earnings at $1.69 EPS and Q4 2027 earnings at $2.11 EPS.

Several other research firms have also weighed in on CMC. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. The Goldman Sachs Group restated a “buy” rating and set a $84.00 price objective on shares of Commercial Metals in a research report on Tuesday, December 30th. JPMorgan Chase & Co. raised Commercial Metals from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $64.00 to $78.00 in a report on Friday, December 5th. Wells Fargo & Company upped their target price on shares of Commercial Metals from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group set a $85.00 price target on Commercial Metals and gave the stock a “buy” rating in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Commercial Metals Stock Down 7.1%

Commercial Metals stock opened at $61.78 on Thursday. The company has a current ratio of 4.47, a quick ratio of 3.70 and a debt-to-equity ratio of 0.77. Commercial Metals has a 1-year low of $37.92 and a 1-year high of $84.87. The firm’s fifty day simple moving average is $75.28 and its 200-day simple moving average is $66.25. The company has a market capitalization of $6.85 billion, a P/E ratio of 15.92, a P/E/G ratio of 0.36 and a beta of 1.47.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings data on Thursday, January 8th. The basic materials company reported $1.84 earnings per share 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 net margin of 5.46% and a return on equity of 11.43%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share.

Hedge Funds Weigh In On Commercial Metals

Several institutional investors have recently modified their holdings of CMC. State Street Corp boosted its stake in 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 worth $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 third quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock worth $208,629,000 after purchasing an additional 67,139 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Commercial Metals by 10.0% in the 2nd quarter. Franklin Resources Inc. now owns 3,193,930 shares of the basic materials company’s stock valued at $156,215,000 after buying an additional 290,256 shares during the period. Geode Capital Management LLC increased its position in shares of Commercial Metals by 3.1% in 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 buying an additional 86,749 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in 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 worth $104,474,000 after buying an additional 112,267 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Commercial Metals

In related news, Director Dennis V. Arriola acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was acquired at an average cost of $74.69 per share, with a total value of $149,380.00. Following the completion of the purchase, the director directly owned 9,238 shares in the company, valued at approximately $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total value of $2,003,248.50. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. Insiders own 0.62% of the company’s stock.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were given a dividend of $0.18 per share. The ex-dividend date was Friday, January 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Commercial Metals’s payout ratio is presently 18.56%.

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.