Zacks Research Issues Optimistic Outlook for CMC Earnings

Commercial Metals (NYSE:CMC - Free Report) - Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Commercial Metals in a report released on Tuesday, March 18th. Zacks Research analyst S. Deb now forecasts that the basic materials company will earn $0.94 per share for the quarter, up from their previous estimate of $0.93. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share.

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

Other equities analysts have also recently issued research reports about the company. BNP Paribas cut Commercial Metals from an "outperform" rating to a "neutral" rating in a research report on Friday, January 3rd. The Goldman Sachs Group started coverage on Commercial Metals in a research report on Monday, December 2nd. They issued a "buy" rating and a $75.00 price objective for the company. Morgan Stanley dropped their target price on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. UBS Group reduced their price target on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a report on Monday. Finally, Jefferies Financial Group cut their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $60.33.

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Commercial Metals Stock Performance

CMC stock traded down $0.17 during mid-day trading on Friday, reaching $48.58. 1,207,848 shares of the stock traded hands, compared to its average volume of 865,685. The firm has a market capitalization of $5.52 billion, a PE ratio of 43.77, a P/E/G ratio of 2.62 and a beta of 1.17. The business has a 50-day moving average of $48.86 and a two-hundred day moving average of $52.73. Commercial Metals has a 52 week low of $42.62 and a 52 week high of $64.53. The company has a quick ratio of 1.94, a current ratio of 2.76 and a debt-to-equity ratio of 0.29.

Institutional Trading of Commercial Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cim LLC grew its stake in shares of Commercial Metals by 1.8% in the 4th quarter. Cim LLC now owns 41,784 shares of the basic materials company's stock valued at $2,072,000 after purchasing an additional 744 shares during the period. Park Square Financial Group LLC bought a new stake in Commercial Metals in the fourth quarter valued at $33,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Commercial Metals during the fourth quarter worth $4,475,000. Heck Capital Advisors LLC bought a new position in shares of Commercial Metals during the fourth quarter valued at $34,000. Finally, Integrated Advisors Network LLC boosted its stake in shares of Commercial Metals by 9.3% in the 4th quarter. Integrated Advisors Network LLC now owns 8,972 shares of the basic materials company's stock valued at $445,000 after purchasing an additional 760 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Commercial Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, March 31st. Commercial Metals's payout ratio is 120.00%.

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.