Q3 EPS Estimate for Commercial Metals Lowered by Analyst

Key Points

• Q3 EPS estimate cut: Zacks Research lowered its Q3 2026 EPS estimate for Commercial Metals to $1.78 from $1.91 and maintains a "Hold" rating, while projecting FY2026 EPS of $6.71 and noting a consensus full‑year estimate of $3.09.
• Recent results and dividend hike: The company reported $1.16 EPS for the latest quarter (vs. $1.28 expected) on $2.13B revenue, and raised its quarterly dividend to $0.20 ($0.80 annualized, ~1.2% yield).
• Market positioning and insider activity: CMC trades in the mid‑$60s with a $7.28B market cap and a ~14.6 P/E; insiders showed mixed activity (a director bought 2,000 shares while an executive sold 25,050) and institutional ownership is about 86.9%.

Commercial Metals Company (NYSE:CMC - Free Report) - Analysts at Zacks Research cut their Q3 2026 earnings per share estimates for Commercial Metals in a note issued to investors on Thursday, April 9th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $1.78 per share for the quarter, down from their previous estimate of $1.91. Zacks Research currently 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' FY2026 earnings at $6.71 EPS, Q2 2027 earnings at $1.38 EPS, Q3 2027 earnings at $1.81 EPS, FY2027 earnings at $6.96 EPS and FY2028 earnings at $7.06 EPS.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group set a $85.00 target price on Commercial Metals and gave the stock a "buy" rating in a research note on Thursday, January 8th. Weiss Ratings restated a "hold (c)" rating on shares of Commercial Metals in a research note on Wednesday, January 21st. Citigroup upped their target price on Commercial Metals from $65.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. KeyCorp began coverage on Commercial Metals in a research note on Wednesday, March 25th. They set a "sector weight" rating for the company. Finally, Morgan Stanley upped their target price on Commercial Metals from $68.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Commercial Metals presently has an average rating of "Moderate Buy" and an average price target of $72.00.

Commercial Metals Stock Up 2.2%

NYSE CMC opened at $65.70 on Friday. The business has a fifty day moving average price of $70.05 and a two-hundred day moving average price of $66.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55. Commercial Metals has a fifty-two week low of $40.00 and a fifty-two week high of $84.87. The stock has a market capitalization of $7.28 billion, a PE ratio of 14.63, a PEG ratio of 0.36 and a beta of 1.47.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.10 billion. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The company's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share.

Commercial Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, April 6th. This is a positive change from Commercial Metals's previous quarterly dividend of $0.18. Commercial Metals's dividend payout ratio is currently 16.04%.

Insiders Place Their Bets

In other news, Director Dennis V. Arriola purchased 2,000 shares of the company's stock in a transaction dated Tuesday, January 20th. The stock was bought at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the purchase, the director owned 9,238 shares of the company's stock, valued at approximately $689,986.22. The trade was a 27.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer J. Durbin sold 25,050 shares of the 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMC. Drummond Knight Asset Management Pty Ltd acquired a new stake in Commercial Metals in the third quarter valued at $15,579,000. Allspring Global Investments Holdings LLC increased its holdings in Commercial Metals by 11.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 225,817 shares of the basic materials company's stock valued at $13,312,000 after purchasing an additional 22,587 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Commercial Metals by 430.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,247 shares of the basic materials company's stock valued at $1,675,000 after purchasing an additional 23,738 shares during the period. American Century Companies Inc. increased its holdings in Commercial Metals by 6.6% in 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 during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Commercial Metals in the third quarter valued at $910,000. 86.90% of the stock is currently owned by institutional investors.

Commercial Metals Company Profile

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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