Zacks Research Issues Positive Forecast for CMC Earnings

Commercial Metals (NYSE:CMC) – Research analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Commercial Metals in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings of $0.94 per share for the quarter, up from their prior estimate of $0.93. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share.

CMC has been the subject of a number of other research reports. The Goldman Sachs Group initiated coverage on Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 price objective for the company. Jefferies Financial Group reduced their price target on Commercial Metals from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, January 6th. UBS Group raised Commercial Metals from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $54.00 in a report on Friday, January 10th. BNP Paribas downgraded Commercial Metals from an “outperform” rating to a “neutral” rating in a report on Friday, January 3rd. Finally, Morgan Stanley reduced their target price on shares of Commercial Metals from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.17.

Commercial Metals Stock Performance

Shares of CMC stock opened at $46.67 on Friday. Commercial Metals has a 52 week low of $42.62 and a 52 week high of $64.53. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 2.62 and a beta of 1.17. The company has a 50-day simple moving average of $48.86 and a 200 day simple moving average of $52.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76.

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

Institutional Trading of Commercial Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in Commercial Metals by 0.4% in the third quarter. State Street Corp now owns 5,830,412 shares of the basic materials company’s stock valued at $320,439,000 after acquiring an additional 24,665 shares during the last quarter. Boston Partners raised its holdings in shares of Commercial Metals by 6.4% during the 4th quarter. Boston Partners now owns 4,055,150 shares of the basic materials company’s stock worth $201,178,000 after buying an additional 243,921 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Commercial Metals by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,839,601 shares of the basic materials company’s stock worth $156,093,000 after buying an additional 28,019 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Commercial Metals by 11.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,422,427 shares of the basic materials company’s stock valued at $120,152,000 after buying an additional 245,468 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Commercial Metals by 87.0% in the fourth quarter. Franklin Resources Inc. now owns 1,919,445 shares of the basic materials company’s stock valued at $95,204,000 after acquiring an additional 893,094 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 31st. Commercial Metals’s dividend payout ratio is currently 120.00%.

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.