Zacks Research Has Negative Estimate for CMC FY2026 Earnings

Commercial Metals Company (NYSE:CMC - Free Report) - Equities researchers at Zacks Research dropped their FY2026 earnings estimates for Commercial Metals in a note issued to investors on Monday, June 16th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $4.09 per share for the year, down from their previous estimate of $4.19. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' Q1 2027 earnings at $1.21 EPS and Q3 2027 earnings at $0.82 EPS.

CMC has been the topic of several other research reports. UBS Group reissued a "neutral" rating on shares of Commercial Metals in a research note on Friday. JPMorgan Chase & Co. initiated coverage on shares of Commercial Metals in a research note on Friday, May 30th. They issued a "neutral" rating and a $52.00 target price on the stock. BMO Capital Markets reduced their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a research note on Friday, March 21st. Wolfe Research raised shares of Commercial Metals from a "peer perform" rating to an "outperform" rating in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Commercial Metals in a research note on Friday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $58.00.

Commercial Metals Trading Down 0.9%

Shares of CMC traded down $0.43 during midday trading on Wednesday, hitting $48.62. The stock had a trading volume of 3,521,958 shares, compared to its average volume of 980,947. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $64.53. The firm has a market cap of $5.49 billion, a PE ratio of 81.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.82 and a quick ratio of 1.94. The stock's 50 day moving average is $46.57 and its 200 day moving average is $48.27.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its earnings results on Thursday, March 20th. The basic materials company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Commercial Metals had a net margin of 0.94% and a return on equity of 8.23%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the prior year, the company posted $0.88 EPS. The company's revenue was down 5.1% compared to the same quarter last year.

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, June 30th. Commercial Metals's dividend payout ratio is presently 120.00%.

Insider Buying and Selling

In other Commercial Metals news, Director John R. Mcpherson bought 2,475 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $40.42 per share, with a total value of $100,039.50. Following the transaction, the director now owns 15,141 shares of the company's stock, valued at approximately $611,999.22. This trade represents a 19.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMC. Isthmus Partners LLC grew its position in Commercial Metals by 3.2% during the 1st quarter. Isthmus Partners LLC now owns 7,381 shares of the basic materials company's stock worth $340,000 after purchasing an additional 226 shares during the last quarter. Choreo LLC grew its position in Commercial Metals by 2.1% during the 1st quarter. Choreo LLC now owns 11,015 shares of the basic materials company's stock worth $509,000 after purchasing an additional 228 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Commercial Metals by 5.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,528 shares of the basic materials company's stock worth $225,000 after purchasing an additional 229 shares during the last quarter. Mariner LLC grew its position in Commercial Metals by 0.9% during the 4th quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock worth $1,227,000 after purchasing an additional 232 shares during the last quarter. Finally, Truist Financial Corp grew its position in Commercial Metals by 3.5% during the 4th quarter. Truist Financial Corp now owns 7,150 shares of the basic materials company's stock worth $355,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

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.