Q4 EPS Forecast for Commercial Metals Increased by Analyst

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research lifted their Q4 2026 earnings per share (EPS) estimates for shares of Commercial Metals in a research report issued to clients and investors on Thursday, July 9th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $1.89 per share for the quarter, up from their previous forecast of $1.83. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.59 per share.

A number of other research firms have also commented on CMC. BNP Paribas Exane raised shares of Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. UBS Group raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their target price for the stock from $79.00 to $89.00 in a report on Wednesday, May 13th. Bank of America dropped their price target on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Citigroup cut their price target on Commercial Metals from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.45.

Commercial Metals Trading Down 3.3%

Shares of Commercial Metals stock opened at $60.06 on Friday. The firm has a 50-day moving average of $71.01 and a 200-day moving average of $70.81. The stock has a market cap of $6.64 billion, a PE ratio of 11.31, a PEG ratio of 0.35 and a beta of 1.54. Commercial Metals has a 52-week low of $49.66 and a 52-week high of $84.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in Commercial Metals by 110.7% during the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 301 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Commercial Metals during the 4th quarter worth $54,000. Caitong International Asset Management Co. Ltd boosted its stake in Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock valued at $58,000 after buying an additional 716 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Commercial Metals in the fourth quarter valued at about $59,000. Finally, EverSource Wealth Advisors LLC raised its stake in Commercial Metals by 105.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 626 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, July 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Commercial Metals’s dividend payout ratio (DPR) 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.