Zacks Research Cuts Earnings Estimates for Commercial Metals

Commercial Metals (NYSE:CMC - Free Report) - Research analysts at Zacks Research decreased their Q2 2025 earnings per share estimates for shares of Commercial Metals in a research report issued on Monday, January 20th. Zacks Research analyst S. Deb now expects that the basic materials company will earn $0.59 per share for the quarter, down from their previous estimate of $0.89. The consensus estimate for Commercial Metals' current full-year earnings is $3.28 per share. Zacks Research also issued estimates for Commercial Metals' Q3 2025 earnings at $0.83 EPS, FY2025 earnings at $3.36 EPS, Q2 2026 earnings at $0.90 EPS, FY2026 earnings at $4.53 EPS and FY2027 earnings at $4.76 EPS.

CMC has been the topic of a number of other research reports. Jefferies Financial Group cut their price target on Commercial Metals from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. BNP Paribas downgraded Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. The Goldman Sachs Group initiated coverage on Commercial Metals in a research note on Monday, December 2nd. They set a "buy" rating and a $75.00 price objective on the stock. Morgan Stanley started coverage on Commercial Metals in a research note on Thursday, December 19th. They set an "equal weight" rating and a $65.00 price objective on the stock. Finally, Wolfe Research cut Commercial Metals from an "outperform" rating to a "peer perform" rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $63.83.

Commercial Metals Trading Down 0.0 %

Shares of CMC stock traded down $0.02 during trading hours on Thursday, reaching $50.25. The company had a trading volume of 694,457 shares, compared to its average volume of 1,285,174. The company has a 50 day moving average of $54.93 and a 200 day moving average of $54.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 45.27, a P/E/G ratio of 2.51 and a beta of 1.19. Commercial Metals has a 1-year low of $45.50 and a 1-year high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its quarterly earnings data on Monday, January 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year.

Hedge Funds Weigh In On Commercial Metals

Several hedge funds have recently modified their holdings of CMC. nVerses Capital LLC bought a new position in Commercial Metals during the third quarter worth about $66,000. GAMMA Investing LLC grew its holdings in Commercial Metals by 56.6% during the fourth quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company's stock worth $130,000 after purchasing an additional 944 shares during the period. Union Bancaire Privee UBP SA bought a new position in Commercial Metals during the fourth quarter worth about $134,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Commercial Metals by 10.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company's stock worth $138,000 after purchasing an additional 254 shares during the period. Finally, KBC Group NV lifted its position in Commercial Metals by 15.9% during the third quarter. KBC Group NV now owns 3,099 shares of the basic materials company's stock worth $170,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 16th. Commercial Metals's payout ratio is 64.86%.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.