What is Zacks Research’s Forecast for CMC Q2 Earnings?

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research raised their Q2 2027 earnings per share estimates for shares of Commercial Metals in a research report issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $1.19 per share for the quarter, up from their prior estimate of $1.18. 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’ FY2027 earnings at $6.65 EPS, Q1 2028 earnings at $1.68 EPS and Q2 2028 earnings at $1.52 EPS.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.29. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group restated a “buy” rating and set a $84.00 target price on shares of Commercial Metals in a research note on Tuesday, December 30th. Citigroup raised 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. Morgan Stanley upped their price objective on Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Wells Fargo & Company increased their target price on Commercial Metals from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised Commercial Metals from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $64.00 to $78.00 in a research note on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Commercial Metals currently has a consensus rating of “Moderate Buy” and an average price target of $72.80.

Commercial Metals Stock Performance

Shares of NYSE CMC opened at $61.10 on Friday. The stock has a market cap of $6.78 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 0.33 and a beta of 1.47. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.87. The firm has a fifty day moving average price of $75.07 and a 200-day moving average price of $66.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 3.70.

Hedge Funds Weigh In On Commercial Metals

Several institutional investors have recently added to or reduced their stakes in CMC. Root Financial Partners LLC bought a new stake in Commercial Metals in the 3rd quarter worth approximately $25,000. Rothschild Investment LLC boosted its position in shares of Commercial Metals by 169.6% during the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 324 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Commercial Metals by 282.3% in the second quarter. SBI Securities Co. Ltd. now owns 692 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 511 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Commercial Metals by 42.4% in the third quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 183 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Commercial Metals by 110.7% in the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at Commercial Metals

In other Commercial Metals news, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis V. Arriola acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were purchased 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 of the company’s stock, valued at approximately $689,986.22. This represents a 27.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is owned by insiders.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, January 16th. Commercial Metals’s payout ratio is currently 18.56%.

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.