Zacks Research Issues Positive Estimate for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Zacks Research raised their Q1 2027 EPS estimates for Commercial Metals in a report issued on Wednesday, February 4th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $1.65 for the quarter, up from their prior estimate of $1.63. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share.

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

A number of other equities analysts have also commented on the company. Jefferies Financial Group set a $85.00 price objective on Commercial Metals and gave the stock a “buy” rating in a research note on Thursday, January 8th. Morgan Stanley raised their price target on Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 price target on shares of Commercial Metals in a research note on Tuesday, December 30th. JPMorgan Chase & Co. raised shares of Commercial Metals from a “neutral” rating to an “overweight” rating and raised their target price for the company from $64.00 to $78.00 in a report on Friday, December 5th. Finally, UBS Group reissued a “neutral” rating on shares of Commercial Metals in a report on Monday, October 27th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.70.

Commercial Metals Stock Up 0.9%

NYSE CMC opened at $82.64 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. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 0.44 and a beta of 1.49. The company has a 50 day moving average of $71.96 and a 200-day moving average of $62.56. Commercial Metals has a 1-year low of $37.92 and a 1-year high of $84.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC raised its position in Commercial Metals by 3.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 149 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Commercial Metals by 2.3% in the third quarter. Blue Trust Inc. now owns 7,867 shares of the basic materials company’s stock valued at $451,000 after buying an additional 180 shares during the period. Spire Wealth Management raised its holdings in Commercial Metals by 42.4% in the 3rd quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after buying an additional 183 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Commercial Metals by 2.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,626 shares of the basic materials company’s stock worth $380,000 after buying an additional 188 shares during the period. Finally, Captrust Financial Advisors boosted its position in Commercial Metals by 4.4% during the 2nd quarter. Captrust Financial Advisors now owns 4,813 shares of the basic materials company’s stock worth $235,000 after buying an additional 202 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Commercial Metals

In related news, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the transaction, the insider directly owned 52,880 shares in the company, valued at $4,228,813.60. This represents a 32.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis V. Arriola bought 2,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was bought at an average price of $74.69 per share, for a total transaction of $149,380.00. Following the transaction, the director directly owned 9,238 shares of the company’s stock, valued at approximately $689,986.22. This represents a 27.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by corporate insiders.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.72 annualized dividend and a yield of 0.9%. Commercial Metals’s payout ratio is presently 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.