Zacks Research Issues Positive Estimate for CMC Earnings

Commercial Metals (NYSE:CMC) – Analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Commercial Metals in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $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.

Commercial Metals (NYSE:CMC) last issued 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 firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS.

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

Commercial Metals Price Performance

Shares of Commercial Metals stock opened at $46.67 on Friday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17. The company has a fifty day moving average of $48.86 and a 200-day moving average of $52.72. Commercial Metals has a 52-week low of $42.62 and a 52-week high of $64.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC purchased a new position in shares of Commercial Metals during the fourth quarter valued at about $33,000. Heck Capital Advisors LLC bought a new stake in Commercial Metals during the 4th quarter valued at approximately $34,000. V Square Quantitative Management LLC grew its holdings in shares of Commercial Metals by 60.7% during the 4th quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 267 shares during the period. South Plains Financial Inc. purchased a new position in shares of Commercial Metals during the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Commercial Metals by 22.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 297 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Commercial Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 31st. Commercial Metals’s payout ratio is 64.86%.

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.