Q1 EPS Estimate for Commercial Metals Increased by Analyst

Commercial Metals Company (NYSE:CMC - Free Report) - Equities researchers at Zacks Research lifted their Q1 2026 EPS estimates for Commercial Metals in a research note issued to investors on Monday, June 16th. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings of $1.01 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.90 EPS, Q4 2026 earnings at $1.48 EPS and Q2 2027 earnings at $0.78 EPS.

Commercial Metals (NYSE:CMC - Get Free Report) last issued 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Commercial Metals's revenue was down 5.1% on a year-over-year basis.

Other analysts have also issued research reports about the company. BMO Capital Markets decreased their price target on 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. JPMorgan Chase & Co. assumed 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. Morgan Stanley reaffirmed an "equal weight" rating on shares of Commercial Metals in a report on Friday. UBS Group reissued a "neutral" rating on shares of Commercial Metals in a report on Friday. Finally, Wolfe Research raised shares of Commercial Metals from a "peer perform" rating to an "outperform" rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.00.

Commercial Metals Price Performance

Shares of CMC stock traded down $0.43 during trading hours on Tuesday, hitting $48.62. The company had a trading volume of 3,521,958 shares, compared to its average volume of 989,663. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.82. The firm's fifty day moving average is $46.43 and its 200 day moving average is $48.47. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 81.03, a PEG ratio of 2.77 and a beta of 1.27.

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 30th. Commercial Metals's dividend payout ratio is currently 120.00%.

Insiders Place Their Bets

In related news, Director John R. Mcpherson bought 2,475 shares of Commercial Metals stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $40.42 per share, for a total transaction of $100,039.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company's stock.

Institutional Trading of Commercial Metals

A number of hedge funds and other institutional investors have recently modified their holdings of CMC. Norges Bank bought a new position in Commercial Metals in the 4th quarter valued at $69,261,000. Nuveen LLC bought a new stake in shares of Commercial Metals during the first quarter worth $44,345,000. Franklin Resources Inc. lifted its stake in shares of Commercial Metals by 87.0% during the fourth quarter. Franklin Resources Inc. now owns 1,919,445 shares of the basic materials company's stock valued at $95,204,000 after acquiring an additional 893,094 shares during the period. Pacer Advisors Inc. boosted its holdings in Commercial Metals by 4,372.6% in the first quarter. Pacer Advisors Inc. now owns 759,484 shares of the basic materials company's stock valued at $34,944,000 after acquiring an additional 742,503 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Commercial Metals by 86.1% in the first quarter. American Century Companies Inc. now owns 1,587,259 shares of the basic materials company's stock valued at $73,030,000 after acquiring an additional 734,265 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Commercial Metals Company Profile

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.