Zacks Research Analysts Lower Earnings Estimates for CMC

Commercial Metals (NYSE:CMC - Free Report) - Research analysts at Zacks Research lowered their Q2 2026 EPS estimates for Commercial Metals in a research report issued to clients and investors on Tuesday, April 22nd. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $0.78 for the quarter, down from their previous estimate of $0.79. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' FY2026 earnings at $4.18 EPS, Q2 2027 earnings at $0.80 EPS and FY2027 earnings at $4.28 EPS.

Several other analysts have also issued reports on CMC. Morgan Stanley dropped their target price on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. BNP Paribas lowered shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. Jefferies Financial Group lowered their price objective on Commercial Metals from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. UBS Group cut their price target on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Finally, BMO Capital Markets decreased their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Commercial Metals currently has a consensus rating of "Hold" and an average price target of $60.33.

Commercial Metals Stock Up 3.0 %

NYSE:CMC opened at $42.84 on Wednesday. The stock has a 50-day simple moving average of $45.89 and a 200 day simple moving average of $51.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The company has a market cap of $4.84 billion, a PE ratio of 38.60, a PEG ratio of 2.62 and a beta of 1.16. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The basic materials company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $0.88 EPS. The company's revenue for the quarter was down 5.1% on a year-over-year basis.

Institutional Trading of Commercial Metals

A number of institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Commercial Metals in the fourth quarter valued at $33,000. Heck Capital Advisors LLC purchased a new stake in Commercial Metals in the 4th quarter valued at about $34,000. V Square Quantitative Management LLC lifted its holdings in Commercial Metals by 60.7% during the fourth quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock worth $35,000 after acquiring an additional 267 shares during the period. UMB Bank n.a. boosted its holdings in shares of Commercial Metals by 51.9% in the 1st quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock worth $36,000 after buying an additional 268 shares during the last quarter. Finally, South Plains Financial Inc. purchased a new position in Commercial Metals in the fourth quarter valued at about $73,000. Institutional investors own 86.90% of the company's stock.

Insiders Place Their Bets

In other news, Director John R. Mcpherson bought 2,475 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $40.42 per share, with a total value of $100,039.50. Following the transaction, the director now owns 15,141 shares of the company's stock, valued at $611,999.22. This trade represents a 19.54 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company's stock.

Commercial Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, March 31st. Commercial Metals's dividend payout ratio is currently 120.00%.

About Commercial Metals

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.

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