Zacks Research Has Positive Forecast for CMC FY2027 Earnings

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research boosted their FY2027 earnings estimates for Commercial Metals in a research report issued to clients and investors on Friday, July 24th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $7.08 per share for the year, up from their previous estimate of $7.05. Zacks Research 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’ Q4 2027 earnings at $2.05 EPS.

CMC has been the topic of several other reports. Wall Street Zen cut Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings raised Commercial Metals from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Morgan Stanley boosted their price target on Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Jefferies Financial Group raised Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.45.

Commercial Metals Price Performance

Shares of CMC opened at $68.12 on Tuesday. Commercial Metals has a twelve month low of $49.66 and a twelve month high of $84.87. The company has a market capitalization of $7.53 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. The firm has a 50 day moving average of $70.10 and a 200 day moving average of $70.43. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73.

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

Hedge Funds Weigh In On Commercial Metals

A number of institutional investors and hedge funds have recently made changes to their positions in CMC. State Street Corp grew its position in Commercial Metals by 1.5% during the fourth quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after buying an additional 91,104 shares during the period. Boston Partners raised its position in Commercial Metals by 1.9% in the third quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock worth $208,629,000 after acquiring an additional 67,139 shares during the period. Geode Capital Management LLC raised its position in Commercial Metals by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock worth $202,626,000 after acquiring an additional 86,749 shares during the period. Invesco Ltd. boosted its stake in shares of Commercial Metals by 4.8% during the 3rd quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock worth $95,144,000 after acquiring an additional 76,365 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Commercial Metals by 87.4% during the 1st quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock worth $100,205,000 after acquiring an additional 760,985 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Activity at Commercial Metals

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

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. Commercial Metals’s payout ratio is currently 15.07%.

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.