FY2027 EPS Estimate for Commercial Metals Reduced by Analyst

Commercial Metals (NYSE:CMC) – Zacks Research dropped their FY2027 EPS estimates for shares of Commercial Metals in a report released on Thursday, December 19th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $5.47 for the year, down from their previous forecast of $5.56. The consensus estimate for Commercial Metals’ current full-year earnings is $4.26 per share.

A number of other analysts have also weighed in 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 research note on Friday, October 18th. Jefferies Financial Group began coverage on shares of Commercial Metals in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 price objective on the stock. UBS Group restated a “sell” rating and issued a $56.00 price objective (down from $62.00) on shares of Commercial Metals in a report on Thursday, December 12th. The Goldman Sachs Group initiated coverage on Commercial Metals in a report on Monday, December 2nd. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Commercial Metals in a research note on Thursday. They issued an “equal weight” rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.33.

Commercial Metals Price Performance

CMC stock opened at $50.27 on Monday. The business’s 50-day moving average is $57.84 and its two-hundred day moving average is $55.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.94 and a quick ratio of 2.78. The firm has a market capitalization of $5.73 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.74 and a beta of 1.15. Commercial Metals has a 1 year low of $47.42 and a 1 year high of $64.53.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data 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 company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.07 billion.

Hedge Funds Weigh In On Commercial Metals

Large investors have recently bought and sold shares of the stock. Vestcor Inc increased its position in Commercial Metals by 108.0% during the third quarter. Vestcor Inc now owns 18,103 shares of the basic materials company’s stock worth $995,000 after buying an additional 9,400 shares during the period. Seizert Capital Partners LLC grew its position in shares of Commercial Metals by 32.5% during the third quarter. Seizert Capital Partners LLC now owns 75,873 shares of the basic materials company’s stock worth $4,170,000 after acquiring an additional 18,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Commercial Metals by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,462,317 shares of the basic materials company’s stock valued at $80,369,000 after acquiring an additional 18,262 shares during the period. Intech Investment Management LLC raised its position in Commercial Metals by 87.8% in the 3rd quarter. Intech Investment Management LLC now owns 36,392 shares of the basic materials company’s stock valued at $2,000,000 after purchasing an additional 17,010 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Commercial Metals by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 714,808 shares of the basic materials company’s stock worth $39,286,000 after purchasing an additional 113,156 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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 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 yield of 1.43%. Commercial Metals’s dividend payout ratio is currently 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.