Q1 EPS Estimate for Commercial Metals Boosted by Analyst

Key Points

• Zacks Research raised its Q1 2027 EPS estimate for Commercial Metals to $1.67 (from $1.65) while maintaining a "Hold" rating; the consensus full‑year EPS estimate is $3.09.
• In the most recent quarter (reported Jan. 8) CMC delivered $1.84 EPS versus $1.55 expected and $2.12 billion in revenue, with revenue up 11% year‑over‑year.
• Analyst sentiment leans positive: eight Buy vs. four Hold ratings, a MarketBeat consensus of Moderate Buy, and a consensus target price of $72.80, with several brokers recently raising targets and ratings.

Commercial Metals Company (NYSE:CMC - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2027 earnings estimates for shares of Commercial Metals in a research note issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $1.67 for the quarter, up from their prior forecast of $1.65. 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' Q3 2027 earnings at $1.69 EPS and Q4 2027 earnings at $2.11 EPS.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.55 by $0.29. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share.

A number of other brokerages have also weighed in on CMC. Jefferies Financial Group set a $85.00 price objective on Commercial Metals and gave the stock a "buy" rating in a research report on Thursday, January 8th. Weiss Ratings restated a "hold (c)" rating on shares of Commercial Metals in a report on Wednesday, January 21st. Wells Fargo & Company raised their price target on Commercial Metals from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, March 2nd. Morgan Stanley boosted their price objective on shares of Commercial Metals from $68.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of Commercial Metals from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $64.00 to $78.00 in a report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.80.

Commercial Metals Stock Up 0.3%

Shares of NYSE:CMC opened at $66.51 on Thursday. The stock's 50-day moving average is $75.43 and its 200 day moving average is $66.28. The company has a market cap of $7.38 billion, a PE ratio of 17.14, a P/E/G ratio of 0.36 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 3.70. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.87.

Commercial Metals Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.1%. Commercial Metals's dividend payout ratio (DPR) is currently 18.56%.

Insider Buying and Selling

In related news, Director Dennis V. Arriola acquired 2,000 shares of Commercial Metals stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average price of $74.69 per share, with a total value of $149,380.00. Following the transaction, the director directly owned 9,238 shares in the company, valued at approximately $689,986.22. This represents a 27.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer J. Durbin sold 25,050 shares of the business's stock in a transaction on Tuesday, February 3rd. The stock was 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 in the company, valued at $4,228,813.60. This trade represents a 32.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Commercial Metals

A number of institutional investors and hedge funds have recently bought and sold shares of CMC. State Street Corp grew its holdings in shares of Commercial Metals by 1.5% during the fourth quarter. State Street Corp now owns 6,361,477 shares of the basic materials company's stock valued at $440,341,000 after buying an additional 91,104 shares during the last quarter. Boston Partners increased its holdings in shares of Commercial Metals by 1.9% in the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company's stock worth $208,629,000 after purchasing an additional 67,139 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Commercial Metals by 10.0% in the second quarter. Franklin Resources Inc. now owns 3,193,930 shares of the basic materials company's stock worth $156,215,000 after purchasing an additional 290,256 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Commercial Metals by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company's stock worth $202,626,000 after purchasing an additional 86,749 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Commercial Metals by 6.6% during the third quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company's stock valued at $104,474,000 after purchasing an additional 112,267 shares in the last quarter. 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.

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