Q4 EPS Estimates for Commercial Metals Cut by Zacks Research

Key Points

• Zacks Research cut its Q4 2026 EPS estimate for Commercial Metals to $1.93 from $2.27 and maintains a "Hold" rating, while also issuing EPS projections of $2.10 for Q4 2027 and $1.44 for Q2 2028.
• In its most recent quarter Commercial Metals reported $1.16 EPS, missing the $1.28 consensus despite revenue rising 21.5% to $2.13 billion, and the company raised its quarterly dividend to $0.20 per share (ex-dividend April 6).

Commercial Metals Company (NYSE:CMC - Free Report) - Investment analysts at Zacks Research reduced their Q4 2026 earnings per share (EPS) estimates for shares of Commercial Metals in a report released on Thursday, April 9th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $1.93 per share for the quarter, down from their prior forecast of $2.27. 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' Q4 2027 earnings at $2.10 EPS and Q2 2028 earnings at $1.44 EPS.

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

Several other brokerages have also issued reports on CMC. KeyCorp started coverage on shares of Commercial Metals in a report on Wednesday, March 25th. They set a "sector weight" rating on the stock. The Goldman Sachs Group started coverage on Commercial Metals in a research report on Wednesday, April 1st. They set a "neutral" rating and a $74.00 price objective on the stock. Morgan Stanley raised their price objective on Commercial Metals from $68.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, January 9th. Wall Street Zen downgraded Commercial Metals from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 4th. Finally, Jefferies Financial Group set a $85.00 target price on shares of Commercial Metals and gave the company a "buy" rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Commercial Metals Price Performance

NYSE CMC opened at $65.81 on Monday. The company has a market cap of $7.30 billion, a PE ratio of 14.66, a P/E/G ratio of 0.38 and a beta of 1.47. The firm's 50 day moving average price is $69.83 and its 200-day moving average price is $66.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.55 and a current ratio of 2.38. Commercial Metals has a 52-week low of $40.00 and a 52-week high of $84.87.

Commercial Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, April 6th. This is an increase from Commercial Metals's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Commercial Metals's payout ratio is presently 16.04%.

Insider Buying and Selling at Commercial Metals

In other news, insider Jennifer J. Durbin sold 25,050 shares of Commercial Metals stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the sale, the insider directly owned 52,880 shares in the company, valued at approximately $4,228,813.60. The trade was a 32.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis V. Arriola bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average cost of $74.69 per share, with a total value of $149,380.00. Following the acquisition, the director directly owned 9,238 shares of the company's stock, valued at approximately $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMC. Root Financial Partners LLC acquired a new position in Commercial Metals during the third quarter valued at $25,000. Rothschild Investment LLC lifted its holdings in Commercial Metals by 169.6% in the third quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 324 shares during the period. Spire Wealth Management lifted its holdings in Commercial Metals by 42.4% in the third quarter. Spire Wealth Management now owns 615 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 183 shares during the period. Global Retirement Partners LLC lifted its holdings in Commercial Metals by 110.7% in the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 301 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in Commercial Metals in the fourth quarter valued at approximately $54,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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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