Zacks Research Issues Positive Outlook for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research upped their Q1 2027 EPS estimates for shares of Commercial Metals in a research note issued to investors on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $1.67 for the quarter, up from their prior forecast of $1.65. 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’ Q3 2027 earnings at $1.69 EPS and Q4 2027 earnings at $2.11 EPS.

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

CMC has been the subject of a number of other reports. JPMorgan Chase & Co. raised Commercial Metals from a “neutral” rating to an “overweight” rating and increased their price target for the company from $64.00 to $78.00 in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. Citigroup upped their price objective on Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Jefferies Financial Group set a $85.00 target price on Commercial Metals and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Commercial Metals from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.80.

Commercial Metals Trading Up 0.3%

Shares of CMC stock opened at $66.51 on Thursday. The company has a current ratio of 4.47, a quick ratio of 3.70 and a debt-to-equity ratio of 0.77. Commercial Metals has a 12-month low of $37.92 and a 12-month high of $84.87. The stock has a market capitalization of $7.38 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.36 and a beta of 1.47. The firm’s 50 day moving average is $75.43 and its 200 day moving average is $66.28.

Institutional Trading of Commercial Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its holdings in shares of Commercial Metals by 0.9% during the 4th quarter. Corient Private Wealth LLC now owns 23,615 shares of the basic materials company’s stock worth $1,635,000 after acquiring an additional 216 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Commercial Metals by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 38,839 shares of the basic materials company’s stock worth $2,686,000 after buying an additional 9,102 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Commercial Metals by 617.2% in the 4th 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 during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Commercial Metals by 7.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,803 shares of the basic materials company’s stock valued at $955,000 after buying an additional 986 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in shares of Commercial Metals in the 4th quarter valued at about $1,113,000. 86.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Commercial Metals news, 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 bought at an average price of $74.69 per share, with a total value of $149,380.00. Following the purchase, the director owned 9,238 shares of the company’s stock, valued at $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer J. Durbin sold 25,050 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total value of $2,003,248.50. Following the completion of the transaction, the insider directly owned 52,880 shares in the company, valued at approximately $4,228,813.60. This represents a 32.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

Commercial Metals Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, January 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. Commercial Metals’s dividend payout ratio (DPR) is currently 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.