Zacks Research Has Positive Forecast for CMC Q2 Earnings

Commercial Metals Company (NYSE:CMC - Free Report) - Stock analysts at Zacks Research increased their Q2 2026 earnings per share estimates for shares of Commercial Metals in a report released on Thursday, August 14th. Zacks Research analyst Team now anticipates that the basic materials company will earn $0.68 per share for the quarter, up from their previous forecast 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 announced its quarterly earnings results on Monday, June 23rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.11). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.04 billion. Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share.

Several other brokerages have also commented on CMC. Morgan Stanley set a $57.50 price target on shares of Commercial Metals in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Commercial Metals from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company upgraded shares of Commercial Metals to a "strong-buy" rating in a report on Thursday, August 14th. UBS Group raised their price target on shares of Commercial Metals from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Commercial Metals in a report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.81.

Commercial Metals Stock Up 5.2%

CMC traded up $2.9480 during midday trading on Monday, hitting $59.2580. 295,944 shares of the company's stock traded hands, compared to its average volume of 1,093,084. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.86 and a quick ratio of 2.00. The company has a market cap of $6.63 billion, a PE ratio of 190.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28. The stock's fifty day simple moving average is $52.23 and its 200-day simple moving average is $48.59. Commercial Metals has a one year low of $37.92 and a one year high of $64.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in 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 during the last quarter. Isthmus Partners LLC boosted its position in shares of Commercial Metals by 3.2% during the 1st quarter. Isthmus Partners LLC now owns 7,381 shares of the basic materials company's stock valued at $340,000 after acquiring an additional 226 shares in the last quarter. Choreo LLC boosted its position in shares of Commercial Metals by 2.1% during the 1st quarter. Choreo LLC now owns 11,015 shares of the basic materials company's stock valued at $509,000 after acquiring an additional 228 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in shares of Commercial Metals by 5.2% during the 2nd quarter. Paulson Wealth Management Inc. now owns 4,674 shares of the basic materials company's stock valued at $229,000 after acquiring an additional 229 shares in the last quarter. Finally, Mariner LLC boosted its position in shares of Commercial Metals by 0.9% during the 4th quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock valued at $1,227,000 after acquiring an additional 232 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were paid a $0.18 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. Commercial Metals's dividend payout ratio (DPR) is presently 232.26%.

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.