Zacks Research Has Bullish Estimate for CMC FY2026 Earnings

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research upped their FY2026 earnings per share (EPS) estimates for shares of Commercial Metals in a report released on Monday, October 12th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $6.66 per share for the year, up from their previous estimate of $6.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.60 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.93 EPS, Q1 2027 earnings at $1.82 EPS, Q3 2027 earnings at $1.85 EPS, Q4 2027 earnings at $2.08 EPS, FY2027 earnings at $7.21 EPS, Q1 2028 earnings at $1.84 EPS, Q3 2028 earnings at $1.88 EPS, Q4 2028 earnings at $2.12 EPS and FY2028 earnings at $7.39 EPS.

Several other research analysts have also commented on CMC. BMO Capital Markets lifted their price objective on shares of 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 reduced their target price on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley raised their target price on shares of Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Commercial Metals from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.27.

Commercial Metals Stock Performance

NYSE:CMC opened at $65.26 on Tuesday. The firm has a market capitalization of $7.22 billion, a PE ratio of 12.29, a PEG ratio of 0.25 and a beta of 1.53. The stock’s fifty day moving average is $67.17 and its 200 day moving average is $68.27. Commercial Metals has a fifty-two week low of $53.08 and a fifty-two 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 announced that its Board of Directors has authorized a stock 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 11th. Shareholders of record on Wednesday, October 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, October 28th. Commercial Metals’s payout ratio is 15.07%.

Insider Transactions at Commercial Metals

In related news, Director John McPherson bought 1,390 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the purchase, the director directly 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Commercial Metals

Several institutional investors and hedge funds have recently modified their holdings of CMC. BlackRock Inc. bought a new position in Commercial Metals in the second quarter worth approximately $954,989,000. Bank of America Corp DE purchased a new position in Commercial Metals during the 2nd quarter worth $84,320,000. Bank of New York Mellon Corp bought a new stake in Commercial Metals during the 2nd quarter valued at $59,572,000. Encompass Capital Advisors LLC bought a new stake in Commercial Metals during the 4th quarter valued at $41,523,000. Finally, Jupiter Topco LLC bought a new stake in Commercial Metals during the 2nd quarter valued at $36,800,000. Institutional investors 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: CMC declared a quarterly dividend of $0.20 per share, payable November 11 to shareholders of record on October 28. The payment represents an annualized dividend of $0.80 and a yield of approximately 1.2%. It is the company’s 248th consecutive quarterly dividend, reinforcing its shareholder-return track record. CMC Announces Quarterly Dividend of $0.20 Per Share
• Positive Sentiment: Zacks Research raised its EPS forecasts across several periods, including fiscal 2026 to $6.66 from $6.64, fiscal 2027 to $7.21 from $7.18, and fiscal 2028 to $7.39 from $7.36. Quarterly estimates were also increased, including fourth-quarter fiscal 2026 EPS to $1.93 from $1.91. These revisions suggest slightly better expected profitability. Commercial Metals analyst estimates
• Neutral Sentiment: Despite the improved forecasts, Zacks maintained a Hold rating on Commercial Metals. The small size of the estimate increases indicates a limited near-term earnings catalyst rather than a major change in the company’s outlook.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturer, fabricator and recycler headquartered in Irving, Texas. Founded in 1915, the company operates a vertically integrated business that collects and processes ferrous scrap, produces steel and supplies products used in construction and infrastructure projects.

CMC’s product portfolio includes reinforcing bar, merchant bar, wire rod, structural components and other steel products. Through its fabrication and construction services, the company also processes and prepares reinforcing steel for commercial, industrial, transportation and other building projects.