What is Zacks Research’s Estimate for CMC Q2 Earnings?

Commercial Metals Company (NYSE:CMC) – Investment analysts at Zacks Research raised their Q2 2027 earnings per share (EPS) estimates for shares of Commercial Metals in a research report issued on Wednesday, March 11th. Zacks Research analyst Team now anticipates that the basic materials company will earn $1.19 per share for the quarter, up from their previous forecast of $1.18. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals’ FY2027 earnings at $6.65 EPS, Q1 2028 earnings at $1.68 EPS and Q2 2028 earnings at $1.52 EPS.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings results on Thursday, January 8th. The basic materials company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.29. Commercial Metals had a return on equity of 11.43% and a net margin of 5.46%.The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on CMC. The Goldman Sachs Group reissued a “buy” rating and issued a $84.00 price target on shares of Commercial Metals in a research note on Tuesday, December 30th. Morgan Stanley upped their price objective on Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Wells Fargo & Company lifted their target price on Commercial Metals from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Citigroup upped their price target on Commercial Metals from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. raised Commercial Metals from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $64.00 to $78.00 in a research report on Friday, December 5th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Commercial Metals Trading Down 1.0%

CMC stock traded down $0.62 during trading on Friday, reaching $61.16. 57,186 shares of the stock were exchanged, compared to its average volume of 1,252,863. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.87. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 0.36 and a beta of 1.47. The business has a 50 day moving average price of $75.28 and a 200-day moving average price of $66.25. The company has a current ratio of 4.47, a quick ratio of 3.70 and a debt-to-equity ratio of 0.77.

Commercial Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 19th were given a $0.18 dividend. The ex-dividend date was Friday, January 16th. This represents a $0.72 annualized dividend and a yield of 1.2%. Commercial Metals’s dividend payout ratio is 18.56%.

Insider Buying and Selling at Commercial Metals

In related news, Director Dennis V. Arriola purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was acquired at an average price of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the purchase, the director directly owned 9,238 shares of the company’s stock, valued at $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the transaction, the insider owned 52,880 shares in the company, valued at approximately $4,228,813.60. This trade represents a 32.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Commercial Metals

A number of hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in Commercial Metals during the third quarter valued at $25,000. Rothschild Investment LLC boosted its position in Commercial Metals by 169.6% during the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 324 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Commercial Metals by 282.3% in the second quarter. SBI Securities Co. Ltd. now owns 692 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 511 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Commercial Metals by 42.4% during the third quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 183 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Commercial Metals by 110.7% in 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 period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.