Zacks Research Issues Optimistic Forecast for CMC Earnings

Commercial Metals Company (NYSE:CMC) – Investment analysts at Zacks Research raised their Q1 2027 earnings per share estimates for shares of Commercial Metals in a research note issued on Tuesday, September 8th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $1.81 per share for the quarter, up from their prior estimate of $1.79. 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’ Q2 2027 earnings at $1.45 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $2.07 EPS, FY2027 earnings at $7.18 EPS, Q1 2028 earnings at $1.83 EPS, Q2 2028 earnings at $1.55 EPS, Q3 2028 earnings at $1.87 EPS, Q4 2028 earnings at $2.11 EPS and FY2028 earnings at $7.36 EPS.

Several other equities analysts have also weighed in on the stock. Weiss Ratings lowered shares of Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $85.00 price objective on shares of Commercial Metals in a research report on Thursday, August 6th. BMO Capital Markets boosted their price objective on Commercial Metals from $77.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Bank of America decreased their target price on Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Barclays increased their target price on Commercial Metals from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Commercial Metals has a consensus rating of “Moderate Buy” and an average target price of $81.18.

Commercial Metals Price Performance

CMC opened at $70.70 on Wednesday. Commercial Metals has a 52-week low of $53.08 and a 52-week high of $84.87. The company has a 50 day moving average of $67.96 and a two-hundred day moving average of $68.75. The company has a market cap of $7.82 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.37 and a beta of 1.52. 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 posted its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 EPS 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%. Commercial Metals’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share.

Commercial Metals declared that its Board of Directors has approved a stock repurchase 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 buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Commercial Metals Dividend Announcement

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

Insider Buying and Selling

In other Commercial Metals news, CEO Peter Matt bought 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 purchase, the chief executive officer owned 181,522 shares in the company, valued at $11,127,298.60. This represents a 4.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John McPherson purchased 1,390 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $71.92 per share, with a total value of $99,968.80. Following the purchase, the director owned 21,927 shares of the company’s stock, valued at approximately $1,576,989.84. The trade was a 6.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Commercial Metals

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Commercial Metals in the second quarter worth about $954,989,000. California State Teachers Retirement System raised its stake in Commercial Metals by 6,004.4% during the second quarter. California State Teachers Retirement System now owns 8,168,168 shares of the basic materials company’s stock valued at $512,553,000 after buying an additional 8,034,360 shares in the last quarter. State Street Corp raised its stake 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 in the last quarter. Boston Partners lifted its holdings in Commercial Metals by 1.9% during the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock worth $208,629,000 after buying an additional 67,139 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Commercial Metals by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock worth $202,626,000 after buying an additional 86,749 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Key Stories Impacting Commercial Metals

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

• Positive Sentiment: Zacks lifted its FY2027 EPS forecast to $7.18 from $7.13 and its FY2028 estimate to $7.36 from $7.32. Quarterly estimates for fiscal 2027 and 2028 were also increased by $0.01–$0.02 per share, including Q1 2027 EPS rising to $1.81 from $1.79. The broad-based upward revisions indicate slightly stronger expected earnings momentum for Commercial Metals.
• Neutral Sentiment: Zacks maintained a “Hold” rating, and the estimate increases were small. The revisions therefore represent incremental support rather than a major change in the investment outlook. Investors may continue to focus on steel demand, pricing, construction activity and the company’s ability to sustain recent earnings growth.

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.