Zacks Research Issues Optimistic Forecast for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research increased their Q2 2028 earnings per share estimates for shares of Commercial Metals in a report released on Tuesday, July 14th. Zacks Research analyst Team now expects that the basic materials company will earn $1.52 per share for the quarter, up from their previous forecast of $1.51. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.63 per share. Zacks Research also issued estimates for Commercial Metals’ FY2028 earnings at $7.24 EPS.

Several other analysts have also issued reports on the stock. Barclays began coverage on shares of Commercial Metals in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. BNP Paribas Exane raised shares of Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Wednesday, July 8th. Wall Street Zen cut Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Weiss Ratings raised Commercial Metals from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets decreased their target price on Commercial Metals from $80.00 to $77.00 and set a “market perform” rating on the stock in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Commercial Metals presently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Commercial Metals Stock Performance

NYSE:CMC opened at $66.34 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The company has a fifty day moving average of $70.57 and a two-hundred day moving average of $70.61. The stock has a market capitalization of $7.34 billion, a PE ratio of 12.49, a P/E/G ratio of 0.39 and a beta of 1.54. Commercial Metals has a fifty-two week low of $49.66 and a fifty-two week high of $84.87.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS.

Hedge Funds Weigh In On Commercial Metals

A number of institutional investors have recently bought and sold shares of CMC. Global Retirement Partners LLC boosted its holdings in Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 301 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Commercial Metals during the 4th quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Commercial Metals by 617.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after buying an additional 716 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Commercial Metals during the 4th quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Commercial Metals by 105.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the basic materials company’s stock valued at $75,000 after buying an additional 626 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Peter R. Matt acquired 8,230 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average price of $61.30 per share, with a total value of $504,499.00. Following the completion of the acquisition, the chief executive officer owned 181,522 shares of the company’s stock, valued at $11,127,298.60. This trade represents a 4.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Commercial Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Commercial Metals’s payout ratio is presently 15.07%.

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.