Q3 EPS Forecast for Commercial Metals Reduced by Analyst

Commercial Metals (NYSE:CMC - Free Report) - Equities research analysts at Zacks Research decreased their Q3 2026 EPS estimates for Commercial Metals in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings of $1.23 per share for the quarter, down from their previous forecast of $1.25. The consensus estimate for Commercial Metals' current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Commercial Metals' FY2026 earnings at $5.27 EPS and FY2027 earnings at $5.56 EPS.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.07 billion.

A number of other brokerages also recently commented on CMC. BMO Capital Markets set a $62.00 target price on shares of Commercial Metals and gave the stock a "market perform" rating in a report on Friday, October 18th. Wolfe Research lowered shares of Commercial Metals from an "outperform" rating to a "peer perform" rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on Commercial Metals in a report on Tuesday, September 3rd. They set a "buy" rating and a $65.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.25.

Commercial Metals Trading Down 0.1 %

CMC stock traded down $0.08 during midday trading on Friday, reaching $59.35. The company's stock had a trading volume of 771,755 shares, compared to its average volume of 868,493. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.61 and a beta of 1.14. Commercial Metals has a 1 year low of $43.52 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.78 and a current ratio of 3.94. The stock has a fifty day simple moving average of $54.28 and a two-hundred day simple moving average of $54.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Commercial Metals during the third quarter worth approximately $66,000. Archer Investment Corp acquired a new position in shares of Commercial Metals in the 2nd quarter valued at $77,000. GAMMA Investing LLC grew its position in shares of Commercial Metals by 21.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,572 shares of the basic materials company's stock valued at $86,000 after buying an additional 282 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Commercial Metals in the second quarter valued at $129,000. Finally, KBC Group NV boosted its stake in Commercial Metals by 15.9% in the third quarter. KBC Group NV now owns 3,099 shares of the basic materials company's stock valued at $170,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, October 31st. Commercial Metals's dividend payout ratio is presently 17.39%.

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.