FY2027 EPS Forecast for Commercial Metals Reduced by Analyst

Commercial Metals Company (NYSE:CMC) – Research analysts at Zacks Research reduced their FY2027 earnings estimates for Commercial Metals in a research note issued to investors on Tuesday, July 14th. Zacks Research analyst Team now forecasts that the basic materials company will earn $7.05 per share for the year, down from their previous forecast of $7.06. 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’ Q4 2027 earnings at $2.04 EPS.

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

Several other analysts also recently issued reports on CMC. JPMorgan Chase & Co. dropped their price target on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings upgraded Commercial Metals from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. The Goldman Sachs Group started coverage on Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price on the stock. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Wednesday, July 8th. Finally, Citigroup cut their target price on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Commercial Metals presently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Commercial Metals Price Performance

Shares of NYSE CMC opened at $66.34 on Thursday. The company has a fifty day moving average price of $70.57 and a 200 day moving average price of $70.61. The firm has a market cap of $7.34 billion, a PE ratio of 12.49, a PEG ratio of 0.39 and a beta of 1.54. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. Commercial Metals has a 1-year low of $49.66 and a 1-year high of $84.87.

Commercial Metals Announces Dividend

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

Insider Buying and Selling at Commercial Metals

In related news, CEO Peter R. Matt acquired 8,230 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was bought at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the acquisition, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. The trade was a 4.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by insiders.

Institutional Trading of Commercial Metals

Several institutional investors and hedge funds have recently bought and sold shares of CMC. Royal Bank of Canada increased its position in shares of Commercial Metals by 1.4% during the 1st quarter. Royal Bank of Canada now owns 90,989 shares of the basic materials company’s stock worth $4,186,000 after purchasing an additional 1,219 shares during the last quarter. Amundi raised its stake in shares of Commercial Metals by 13.3% during the 1st quarter. Amundi now owns 2,480 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 291 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Commercial Metals by 614.9% in the 1st quarter. Jones Financial Companies Lllp now owns 11,767 shares of the basic materials company’s stock valued at $541,000 after buying an additional 10,121 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Commercial Metals by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,033,514 shares of the basic materials company’s stock valued at $47,552,000 after buying an additional 56,875 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Commercial Metals by 1.8% in the 1st quarter. Empowered Funds LLC now owns 53,305 shares of the basic materials company’s stock valued at $2,453,000 after buying an additional 941 shares during the last quarter. 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.