Zacks Research Analysts Lower Earnings Estimates for CMC

Commercial Metals Company (NYSE:CMC) – Zacks Research cut their Q2 2027 earnings estimates for shares of Commercial Metals in a research report issued on Wednesday, February 4th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $1.18 for the quarter, down from their previous forecast of $1.21. 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’ FY2027 earnings at $6.61 EPS, Q1 2028 earnings at $1.67 EPS and FY2028 earnings at $7.12 EPS.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on Commercial Metals from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Citigroup raised their price target on Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, January 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price target on shares of Commercial Metals in a research note on Tuesday, December 30th. Jefferies Financial Group set a $85.00 price target on shares of Commercial Metals and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded Commercial Metals from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.70.

Commercial Metals Price Performance

CMC stock opened at $80.57 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.70 and a current ratio of 4.47. The firm has a 50 day moving average price of $72.29 and a 200-day moving average price of $62.69. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $84.12. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.44 and a beta of 1.49.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.55 by $0.29. Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Commercial Metals’s quarterly revenue was up 11.0% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Millennium Capital Advisors LLC bought a new position in shares of Commercial Metals during the 4th quarter valued at approximately $235,000. Qsemble Capital Management LP raised its stake in Commercial Metals by 118.6% during the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock worth $3,453,000 after acquiring an additional 27,062 shares during the period. AlphaCore Capital LLC purchased a new position in Commercial Metals during the fourth quarter valued at approximately $213,000. Isthmus Partners LLC bought a new position in shares of Commercial Metals in the fourth quarter worth approximately $504,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Commercial Metals by 29.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 39,272 shares of the basic materials company’s stock worth $2,719,000 after purchasing an additional 8,915 shares during the period. Institutional investors own 86.90% of the company’s stock.

Insider Activity

In other news, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction that occurred 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 transaction, the insider owned 52,880 shares in the company, valued at $4,228,813.60. This represents a 32.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis V. Arriola purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was acquired at an average price of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the transaction, 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 position. The SEC filing for this purchase provides additional information. 0.62% of the stock is owned by corporate insiders.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, January 16th. Commercial Metals’s dividend payout ratio is 18.56%.

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.