Q2 EPS Forecast for Commercial Metals Lifted by Analyst

Commercial Metals Company (NYSE:CMC) – Zacks Research raised their Q2 2027 earnings estimates for shares of Commercial Metals in a research report issued to clients and investors on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.19 per share for the quarter, up from their prior estimate of $1.18. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals’ FY2027 earnings at $6.65 EPS, Q1 2028 earnings at $1.68 EPS and Q2 2028 earnings at $1.52 EPS.

Commercial Metals (NYSE:CMC) last released its quarterly earnings results on Thursday, January 8th. The basic materials company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.29. Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year.

CMC has been the topic of a number of other reports. The Goldman Sachs Group reiterated a “buy” rating and set a $84.00 price target on shares of Commercial Metals in a report on Tuesday, December 30th. JPMorgan Chase & Co. raised shares of Commercial Metals from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $64.00 to $78.00 in a report on Friday, December 5th. Morgan Stanley lifted their price objective on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Commercial Metals from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Wells Fargo & Company upped their price target on shares of Commercial Metals from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.80.

Commercial Metals Stock Performance

Shares of CMC stock traded down $0.62 during trading on Friday, hitting $61.16. The company’s stock had a trading volume of 57,186 shares, compared to its average volume of 1,252,863. The company has a current ratio of 4.47, a quick ratio of 3.70 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.78 billion, a PE ratio of 15.86, a P/E/G ratio of 0.36 and a beta of 1.47. The business has a fifty day moving average of $75.28 and a 200-day moving average of $66.25. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $84.87.

Commercial Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio (DPR) is 18.56%.

Insiders Place Their Bets

In other Commercial Metals news, insider Jennifer J. Durbin sold 25,050 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total value of $2,003,248.50. Following the completion of the sale, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. The trade was a 32.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis V. Arriola acquired 2,000 shares of Commercial Metals stock in a transaction dated Tuesday, January 20th. The shares were bought at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the purchase, the director directly owned 9,238 shares of the company’s stock, valued at approximately $689,986.22. The trade was a 27.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Commercial Metals

A number of large investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Commercial Metals during the third quarter valued at approximately $25,000. Rothschild Investment LLC grew its position in shares of Commercial Metals by 169.6% during the third quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 324 shares in the last quarter. Global Retirement Partners LLC grew its stake in Commercial Metals by 110.7% during the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 301 shares in the last quarter. Spire Wealth Management raised its stake in Commercial Metals by 42.4% during the third quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 183 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Commercial Metals by 282.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 692 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 511 shares during the period. 86.90% of the stock is currently owned by institutional investors.

About Commercial Metals

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.