Zacks Research Has Bearish Estimate for CMC FY2027 Earnings

Commercial Metals (NYSE:CMC) – Research analysts at Zacks Research reduced their FY2027 EPS estimates for Commercial Metals in a report issued on Thursday, December 19th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $5.47 per share for the year, down from their prior estimate of $5.56. The consensus estimate for Commercial Metals’ current full-year earnings is $4.26 per share.

Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research report on Monday, December 2nd. They issued a “buy” rating and a $75.00 price target for the company. Jefferies Financial Group started coverage on shares of Commercial Metals in a research note on Tuesday, September 3rd. They set a “buy” rating and a $65.00 target price on the stock. BMO Capital Markets set a $62.00 price objective on shares of Commercial Metals and gave the company a “market perform” rating in a report on Friday, October 18th. Wolfe Research downgraded Commercial Metals from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley began coverage on Commercial Metals in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Commercial Metals currently has a consensus rating of “Hold” and an average price target of $65.33.

Commercial Metals Trading Down 1.0 %

NYSE CMC opened at $49.78 on Monday. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15. Commercial Metals has a twelve month low of $47.42 and a twelve month high of $64.53. The company has a quick ratio of 2.78, a current ratio of 3.94 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $57.84 and its 200 day moving average is $55.14.

Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.07 billion. Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. Commercial Metals’s payout ratio is currently 17.39%.

Hedge Funds Weigh In On Commercial Metals

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Commercial Metals in the 3rd quarter worth approximately $66,000. Archer Investment Corp bought a new stake in Commercial Metals during the second quarter worth about $77,000. KBC Group NV raised its holdings in shares of Commercial Metals by 15.9% during the 3rd quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock valued at $170,000 after buying an additional 425 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Commercial Metals during the second quarter worth approximately $195,000. Finally, Highland Capital Management LLC purchased a new position in Commercial Metals in the 3rd quarter worth $206,000. 86.90% of the stock is owned by institutional investors.

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.