Research Analysts Set Expectations for CMC Q3 Earnings

Commercial Metals Company (NYSE:CMC) – Research analysts at Zacks Research dropped their Q3 2026 earnings estimates for Commercial Metals in a report issued on Tuesday, June 16th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $1.57 for the quarter, down from their prior forecast of $1.61. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.58 per share. Zacks Research also issued estimates for Commercial Metals’ FY2026 earnings at $6.39 EPS, Q1 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.69 EPS, FY2027 earnings at $6.57 EPS, Q1 2028 earnings at $1.58 EPS, Q2 2028 earnings at $1.35 EPS, Q3 2028 earnings at $1.71 EPS and FY2028 earnings at $6.58 EPS.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Morgan Stanley boosted their price objective on Commercial Metals from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commercial Metals in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group raised shares of Commercial Metals from a “buy” rating to a “buy” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.10.

Commercial Metals Price Performance

NYSE:CMC opened at $76.73 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.38 and a debt-to-equity ratio of 0.75. The firm has a market cap of $8.51 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50. Commercial Metals has a 12 month low of $47.06 and a 12 month high of $84.87. The company’s 50-day moving average price is $70.81 and its two-hundred day moving average price is $70.89.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in shares of Commercial Metals by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,610 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 147 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Commercial Metals in the first quarter valued at approximately $1,046,000. Bank of America Corp DE lifted its holdings in Commercial Metals by 87.4% in the first quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock valued at $100,205,000 after buying an additional 760,985 shares during the period. Edgestream Partners L.P. boosted its stake in Commercial Metals by 2,356.3% in the first quarter. Edgestream Partners L.P. now owns 154,183 shares of the basic materials company’s stock valued at $9,471,000 after acquiring an additional 147,906 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Commercial Metals by 3.0% during the 1st quarter. Janus Henderson Group PLC now owns 505,209 shares of the basic materials company’s stock worth $31,037,000 after acquiring an additional 14,733 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were given a $0.20 dividend. The ex-dividend date was Monday, April 6th. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Commercial Metals’s dividend payout ratio is 17.82%.

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.