Zacks Research Expects Higher Earnings for Commercial Metals

Commercial Metals Company (NYSE:CMC) – Zacks Research upped their Q4 2026 earnings per share estimates for shares of Commercial Metals in a report issued on Tuesday, June 16th. Zacks Research analyst Team now anticipates that the basic materials company will earn $1.83 per share for the quarter, up from their prior forecast of $1.82. 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’ Q2 2027 earnings at $1.35 EPS.

Commercial Metals (NYSE:CMC) last released its quarterly 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 net margin of 6.02% and a return on equity of 13.54%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the business earned $0.26 EPS. The business’s revenue was up 21.5% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Commercial Metals from a “buy” rating to a “buy” rating in a research report on Friday, June 5th. Wall Street Zen downgraded shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $77.00 target price on shares of Commercial Metals in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group assumed coverage on Commercial Metals in a research report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 price target on the stock. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.10.

Commercial Metals Stock Down 4.4%

CMC stock opened at $73.28 on Thursday. The company’s 50 day moving average is $71.05 and its 200 day moving average is $70.96. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75. Commercial Metals has a 1-year low of $47.06 and a 1-year high of $84.87.

Hedge Funds Weigh In On Commercial Metals

Several institutional investors and hedge funds have recently made changes to their positions in CMC. Lazard Asset Management LLC raised its position in Commercial Metals by 0.6% in the 4th quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock worth $1,606,000 after purchasing an additional 133 shares during the period. NewEdge Advisors LLC grew its stake in shares of Commercial Metals by 4.2% during the first quarter. NewEdge Advisors LLC now owns 3,610 shares of the basic materials company’s stock valued at $222,000 after buying an additional 147 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Commercial Metals by 3.1% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock valued at $339,000 after buying an additional 149 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Commercial Metals by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 155 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Commercial Metals by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,164 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, April 6th. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s dividend payout ratio (DPR) is presently 17.82%.

Commercial Metals News Roundup

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

• Neutral Sentiment: Commercial Metals will report fiscal Q3 results on June 25, with analysts currently expecting about $1.75 in EPS on $2.41 billion in revenue. The report could be a major catalyst for the stock, depending on whether results and guidance beat or miss expectations. Article: Commercial Metals Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: Zacks Research lowered multiple Commercial Metals earnings estimates across fiscal 2026–2028, including cuts to Q3 2026 EPS, FY2026 EPS, FY2027 EPS, and FY2028 EPS, while keeping a “Strong Sell” rating. Lower forward earnings expectations can weigh on the stock by implying less profit growth ahead.
• Negative Sentiment: Commercial Metals shares also fell sharply in recent trading, reflecting investor caution ahead of earnings and concern that the stock may still be overvalued relative to its earnings outlook. Article: Commercial Metals Co (CMC) Stock Down 4.5% but Still Overvalued — GF Score: 84/100

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.