Q3 EPS Forecast for Commercial Metals Reduced by Analyst

Commercial Metals (NYSE:CMC) – Equities researchers at Zacks Research decreased their Q3 2026 earnings estimates for Commercial Metals in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $1.23 for the quarter, down from their previous estimate 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) last released its quarterly earnings data on Thursday, October 17th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.07 billion.

A number of other equities analysts have also issued reports on CMC. Wolfe Research lowered Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Commercial Metals in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 price target for the company. Finally, BMO Capital Markets set a $62.00 price target on Commercial Metals and gave the company a “market perform” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.25.

Commercial Metals Trading Down 0.1 %

Shares of NYSE:CMC opened at $59.35 on Friday. Commercial Metals has a fifty-two week low of $43.52 and a fifty-two week high of $63.40. 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 company has a market cap of $6.76 billion, a PE ratio of 14.34, a P/E/G ratio of 2.61 and a beta of 1.14. The company’s 50-day moving average price is $54.47 and its 200 day moving average price is $54.57.

Commercial Metals Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners lifted its stake in Commercial Metals by 23,390.7% in the first quarter. Boston Partners now owns 3,076,337 shares of the basic materials company’s stock valued at $180,752,000 after acquiring an additional 3,063,241 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Commercial Metals during the second quarter valued at about $50,132,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Commercial Metals by 122.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,245,535 shares of the basic materials company’s stock worth $68,455,000 after buying an additional 686,519 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Commercial Metals in the third quarter valued at approximately $16,731,000. Finally, Van ECK Associates Corp grew its stake in Commercial Metals by 204.3% in the 3rd quarter. Van ECK Associates Corp now owns 420,808 shares of the basic materials company’s stock valued at $21,570,000 after buying an additional 282,511 shares during the last quarter. Hedge funds and other 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.