Zacks Research Issues Positive Forecast for CMC Earnings

Commercial Metals Company (NYSE:CMC - Free Report) - Investment analysts at Zacks Research upped their Q2 2026 earnings per share estimates for Commercial Metals in a research report issued on Thursday, August 14th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $0.68 per share for the quarter, up from their previous estimate of $0.67. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' Q4 2026 earnings at $1.48 EPS.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its earnings results on Monday, June 23rd. The basic materials company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.11). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.04 billion. Commercial Metals had a return on equity of 7.45% and a net margin of 0.48%.The firm's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS.

CMC has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on Commercial Metals from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $55.00 price objective (down previously from $57.00) on shares of Commercial Metals in a research note on Tuesday, June 24th. Wolfe Research raised Commercial Metals from a "peer perform" rating to an "outperform" rating in a research note on Friday, June 20th. Morgan Stanley set a $57.50 price objective on Commercial Metals in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company raised Commercial Metals to a "strong-buy" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.81.

Commercial Metals Trading Down 0.3%

Shares of Commercial Metals stock traded down $0.1890 on Monday, hitting $56.2310. The stock had a trading volume of 208,293 shares, compared to its average volume of 1,096,258. The stock has a 50 day moving average of $52.08 and a 200 day moving average of $48.53. Commercial Metals has a twelve month low of $37.92 and a twelve month high of $64.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. The firm has a market capitalization of $6.29 billion, a P/E ratio of 181.46, a PEG ratio of 2.65 and a beta of 1.28.

Commercial Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were issued a $0.18 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.3%. Commercial Metals's dividend payout ratio is presently 232.26%.

Institutional Trading of Commercial Metals

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in shares of Commercial Metals by 4.4% in the 2nd quarter. Captrust Financial Advisors now owns 4,813 shares of the basic materials company's stock worth $235,000 after purchasing an additional 202 shares in the last quarter. Isthmus Partners LLC raised its position in Commercial Metals by 3.2% in the 1st quarter. Isthmus Partners LLC now owns 7,381 shares of the basic materials company's stock valued at $340,000 after buying an additional 226 shares during the last quarter. Choreo LLC raised its position in Commercial Metals by 2.1% in the 1st quarter. Choreo LLC now owns 11,015 shares of the basic materials company's stock valued at $509,000 after buying an additional 228 shares during the last quarter. Paulson Wealth Management Inc. grew its stake in shares of Commercial Metals by 5.2% in the 2nd quarter. Paulson Wealth Management Inc. now owns 4,674 shares of the basic materials company's stock worth $229,000 after acquiring an additional 229 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Commercial Metals by 0.9% in the fourth quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock valued at $1,227,000 after purchasing an additional 232 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

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.