Zacks Research Cuts Earnings Estimates for Commercial Metals

Commercial Metals (NYSE:CMC - Free Report) - Analysts at Zacks Research decreased their Q2 2025 earnings per share (EPS) estimates for Commercial Metals in a research note issued on Tuesday, March 18th. Zacks Research analyst S. Deb now forecasts that the basic materials company will earn $0.31 per share for the quarter, down from their prior estimate of $0.35. 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 $0.57 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $2.77 EPS, Q1 2026 earnings at $1.00 EPS, Q4 2026 earnings at $1.47 EPS, FY2026 earnings at $4.31 EPS and FY2027 earnings at $4.43 EPS.

Other research analysts have also issued research reports about the stock. BNP Paribas lowered shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. BMO Capital Markets cut their target price on Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a research report on Friday. Jefferies Financial Group lowered their price target 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 initiated coverage on Commercial Metals in a report on Monday, December 2nd. They issued a "buy" rating and a $75.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.33.

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Commercial Metals Stock Up 4.9 %

Shares of CMC traded up $2.30 during mid-day trading on Thursday, hitting $48.89. 1,568,190 shares of the company traded hands, compared to its average volume of 866,506. The company has a market capitalization of $5.56 billion, a PE ratio of 44.04, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17. 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 business has a 50 day moving average of $48.87 and a 200 day moving average of $52.74. Commercial Metals has a 1-year low of $42.62 and a 1-year high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its earnings results 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). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share.

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a $0.18 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 1.47%. Commercial Metals's dividend payout ratio is presently 120.00%.

Hedge Funds Weigh In On Commercial Metals

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC grew its position in Commercial Metals by 5.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,528 shares of the basic materials company's stock valued at $225,000 after buying an additional 229 shares during the period. Mariner LLC grew its position in shares of Commercial Metals by 0.9% during the 4th quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock valued at $1,227,000 after acquiring an additional 232 shares during the period. Truist Financial Corp increased its stake in shares of Commercial Metals by 3.5% in the 4th quarter. Truist Financial Corp now owns 7,150 shares of the basic materials company's stock valued at $355,000 after purchasing an additional 242 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Commercial Metals by 10.0% in the 4th 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, Arizona State Retirement System boosted its position in Commercial Metals by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,373 shares of the basic materials company's stock worth $1,655,000 after purchasing an additional 262 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.