Zacks Research Issues Positive Estimate for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Equities researchers at Zacks Research boosted their Q1 2027 EPS estimates for shares of Commercial Metals in a research report issued on Thursday, August 6th. Zacks Research analyst Team now anticipates that the basic materials company will earn $1.79 per share for the quarter, up from their prior forecast of $1.77. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.64 per share. Zacks Research also issued estimates for Commercial Metals’ Q3 2027 earnings at $1.83 EPS, Q4 2027 earnings at $2.06 EPS, FY2027 earnings at $7.13 EPS, Q1 2028 earnings at $1.82 EPS, Q2 2028 earnings at $1.54 EPS, Q3 2028 earnings at $1.86 EPS and FY2028 earnings at $7.32 EPS.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. Commercial Metals’s revenue was up 22.9% on a year-over-year basis.

Several other analysts have also issued reports on CMC. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company increased their price target on Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised Commercial Metals to a “buy” rating in a report on Friday, May 22nd. Citigroup lowered their price objective on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Commercial Metals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.73.

Commercial Metals Price Performance

Shares of NYSE CMC opened at $73.88 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $69.82 and a two-hundred day simple moving average of $70.29. Commercial Metals has a 1-year low of $52.31 and a 1-year high of $84.87. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.52.

Institutional Investors Weigh In On Commercial Metals

Several hedge funds and other institutional investors have recently modified their holdings of CMC. USA Financial Formulas lifted its stake in Commercial Metals by 67.6% in the 1st quarter. USA Financial Formulas now owns 496 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Commercial Metals in the second quarter worth $34,000. V Square Quantitative Management LLC purchased a new stake in shares of Commercial Metals in the fourth quarter worth $54,000. Caitong International Asset Management Co. Ltd raised its position in shares of Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after buying an additional 716 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Commercial Metals during the fourth quarter valued at $59,000. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commercial Metals

In related news, CEO Peter R. Matt purchased 8,230 shares of Commercial Metals stock in a transaction dated Friday, July 10th. The stock was bought at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the transaction, the chief executive officer owned 181,522 shares in the company, valued at $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, July 6th. Commercial Metals’s dividend payout ratio (DPR) is presently 15.07%.

Commercial Metals declared that its board has approved a stock buyback program on Wednesday, August 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Key Commercial Metals News

Here are the key news stories impacting Commercial Metals this week:

• Positive Sentiment: CMC’s board authorized a $600 million increase to its existing repurchase program, bringing available capacity to approximately $717 million. The company has already repurchased about $733 million of stock since 2021. Buybacks can support earnings per share and signal that management views the shares as undervalued. CMC Announces $600 Million Increase in Share Repurchase Program Authorization
• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast for CMC to $7.13 from $7.08 and its FY2028 forecast to $7.32 from $7.27. The firm also increased estimates for Q1 2027, Q4 2027, and each of Q1–Q3 2028 by one to two cents, indicating slightly improved expectations for future profitability.
• Positive Sentiment: At its 2026 Investor Day, CMC highlighted its position as an early-stage construction-solutions provider and presented long-term growth opportunities, strategic priorities, capital-allocation plans, and financial targets. The outlook could reinforce investor confidence in the company’s multi-year growth strategy. CMC Investor Day and Long-Term Financial Targets
• Neutral Sentiment: BMO Capital Markets raised its price target from $77 to $80, implying additional upside from the referenced price, but maintained a Market Perform rating. Zacks Research likewise retains a Hold rating, suggesting analysts see moderate potential rather than a decisive near-term revaluation. BMO Capital Markets Price Target Update

About Commercial Metals

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.