FY2025 EPS Estimate for Commercial Metals Lowered by Analyst

Commercial Metals (NYSE:CMC - Free Report) - Investment analysts at Zacks Research decreased their FY2025 earnings per share estimates for shares of Commercial Metals in a report released on Thursday, April 3rd. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings of $2.76 per share for the year, down from their previous estimate of $2.77. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' Q2 2026 earnings at $0.79 EPS, FY2026 earnings at $4.20 EPS, Q2 2027 earnings at $0.83 EPS and FY2027 earnings at $4.34 EPS.

Several other equities analysts have also recently commented on the company. UBS Group cut their price target on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Jefferies Financial Group decreased their target price on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. BNP Paribas lowered shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a research report on Friday, January 3rd. Morgan Stanley cut their price target on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Finally, BMO Capital Markets lowered their price objective on Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a research note on Friday, March 21st. Six research 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 currently has an average rating of "Hold" and a consensus target price of $60.33.

Commercial Metals Stock Performance

Shares of CMC traded up $4.07 during trading hours on Friday, reaching $43.27. 589,573 shares of the company traded hands, compared to its average volume of 932,774. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The stock's fifty day moving average is $47.44 and its 200 day moving average is $52.19. Commercial Metals has a 1-year low of $37.82 and a 1-year high of $64.53. The stock has a market cap of $4.89 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its quarterly earnings data 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). Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company's revenue was down 5.1% on a year-over-year basis.

Commercial Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. Commercial Metals's payout ratio is currently 120.00%.

Insider Activity

In other Commercial Metals news, Director John R. Mcpherson acquired 2,475 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $40.42 per share, for a total transaction of $100,039.50. Following the completion of the acquisition, the director now directly owns 15,141 shares of the company's stock, valued at approximately $611,999.22. This represents a 19.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Commercial Metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Commercial Metals in the fourth quarter valued at about $69,261,000. Franklin Resources Inc. grew its position in shares of Commercial Metals by 87.0% during the 4th quarter. Franklin Resources Inc. now owns 1,919,445 shares of the basic materials company's stock worth $95,204,000 after buying an additional 893,094 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Commercial Metals by 15,350.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 568,095 shares of the basic materials company's stock valued at $28,178,000 after acquiring an additional 564,418 shares during the period. JPMorgan Chase & Co. boosted its stake in Commercial Metals by 45.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,576,316 shares of the basic materials company's stock worth $78,185,000 after acquiring an additional 495,163 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Commercial Metals by 34.1% in the fourth quarter. First Trust Advisors LP now owns 1,754,840 shares of the basic materials company's stock valued at $87,040,000 after purchasing an additional 446,317 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

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.