Zacks Research Issues Pessimistic Estimate for CMC Earnings

Commercial Metals (NYSE:CMC - Free Report) - Stock analysts at Zacks Research dropped their Q2 2025 earnings per share estimates for Commercial Metals in a research report issued to clients and investors on Wednesday, February 26th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.59. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' Q3 2025 earnings at $0.61 EPS and FY2025 earnings at $2.86 EPS.

A number of other analysts have also commented on the company. Jefferies Financial Group lowered their price objective on Commercial Metals from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group began coverage on Commercial Metals in a research report on Monday, December 2nd. They set a "buy" rating and a $75.00 target price for the company. UBS Group upgraded Commercial Metals from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $56.00 to $54.00 in a research report on Friday, January 10th. BMO Capital Markets decreased their target price on Commercial Metals from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley decreased their target price on Commercial Metals from $65.00 to $56.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Commercial Metals presently has a consensus rating of "Hold" and a consensus price target of $62.33.

Commercial Metals Price Performance

Shares of CMC stock opened at $48.40 on Monday. The stock has a 50-day moving average price of $49.89 and a 200 day moving average price of $53.54. The company has a quick ratio of 1.94, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.62 and a beta of 1.18. Commercial Metals has a 12 month low of $45.50 and a 12 month high of $64.53.

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

Commercial Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Thursday, January 16th. Commercial Metals's dividend payout ratio (DPR) is presently 64.86%.

Hedge Funds Weigh In On Commercial Metals

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Commercial Metals by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,081,153 shares of the basic materials company's stock valued at $59,420,000 after purchasing an additional 66,092 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Commercial Metals by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,714,116 shares of the basic materials company's stock valued at $94,208,000 after purchasing an additional 17,931 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Commercial Metals by 66.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 71,151 shares of the basic materials company's stock valued at $3,529,000 after acquiring an additional 28,297 shares in the last quarter. Vestcor Inc boosted its position in Commercial Metals by 108.0% during the 3rd quarter. Vestcor Inc now owns 18,103 shares of the basic materials company's stock worth $995,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Covea Finance boosted its position in Commercial Metals by 44.2% during the 4th quarter. Covea Finance now owns 62,000 shares of the basic materials company's stock worth $3,075,000 after acquiring an additional 19,000 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

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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