Zacks Research Has Optimistic Outlook of CMC Q1 Earnings

Commercial Metals Company (NYSE:CMC) – Analysts at Zacks Research raised their Q1 2027 EPS estimates for Commercial Metals in a research note issued on Thursday, August 6th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $1.79 for the quarter, up from their prior estimate of $1.77. 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’ 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.

Several other research analysts have also issued reports on the company. Bank of America cut their price target on Commercial Metals from $84.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Morgan Stanley boosted their price objective on Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Citigroup lowered their target price on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Barclays began coverage on Commercial Metals in a report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, UBS Group upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and boosted their price target for the company from $79.00 to $89.00 in a research note on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.73.

Commercial Metals Stock Performance

Shares of Commercial Metals stock opened at $73.88 on Friday. Commercial Metals has a one year low of $52.31 and a one year high of $84.87. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.44 and a beta of 1.52. The business has a 50-day simple moving average of $69.82 and a 200 day simple moving average of $70.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54.

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

Hedge Funds Weigh In On Commercial Metals

Several large investors have recently bought and sold shares of CMC. Global Retirement Partners LLC purchased a new position in Commercial Metals during the 2nd quarter worth $34,000. Bank of New York Mellon Corp purchased a new stake in shares of Commercial Metals in the second quarter valued at about $59,572,000. State of Wyoming bought a new position in shares of Commercial Metals during the second quarter valued at about $125,000. GSA Capital Partners LLP bought a new position in shares of Commercial Metals during the second quarter valued at about $2,096,000. Finally, USA Financial Formulas boosted its holdings in Commercial Metals by 67.6% during the first quarter. USA Financial Formulas now owns 496 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. 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 bought 8,230 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $61.30 per share, with a total value of $504,499.00. Following the completion of the transaction, the chief executive officer directly owned 181,522 shares in the company, valued at approximately $11,127,298.60. This represents a 4.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Commercial Metals Announces Dividend

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

Commercial Metals announced that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the basic materials company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is 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

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.