Zacks Research Has Pessimistic Outlook of CMC Q4 Earnings

Commercial Metals Company (NYSE:CMC) – Zacks Research dropped their Q4 2027 earnings per share (EPS) estimates for shares of Commercial Metals in a note issued to investors on Wednesday, April 22nd. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $2.09 for the quarter, down from their prior forecast of $2.10. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.75 per share. Zacks Research also issued estimates for Commercial Metals’ Q2 2028 earnings at $1.43 EPS and FY2028 earnings at $7.03 EPS.

Several other research firms have also commented on CMC. Wall Street Zen lowered Commercial Metals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Citigroup raised their price objective on Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, January 12th. Morgan Stanley upped their target price on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. The Goldman Sachs Group began coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

Commercial Metals Stock Down 2.2%

CMC stock opened at $67.99 on Friday. Commercial Metals has a 52 week low of $43.01 and a 52 week high of $84.87. 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 50-day simple moving average of $67.07 and a 200-day simple moving average of $67.34. The stock has a market capitalization of $7.54 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.41 and a beta of 1.47.

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

Hedge Funds Weigh In On Commercial Metals

Several institutional investors and hedge funds have recently bought and sold shares of CMC. Artemis Investment Management LLP acquired a new stake in shares of Commercial Metals during the 4th quarter worth approximately $103,962,000. Norges Bank purchased a new stake in Commercial Metals in the fourth quarter valued at $97,983,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Commercial Metals in the third quarter valued at $54,394,000. Encompass Capital Advisors LLC acquired a new position in shares of Commercial Metals in the 4th quarter valued at $41,523,000. Finally, Merewether Investment Management LP purchased a new position in shares of Commercial Metals during the 3rd quarter worth $26,847,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Commercial Metals

In other news, insider Jennifer J. Durbin sold 25,050 shares of the business’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 transaction, the insider owned 52,880 shares of the company’s stock, valued at approximately $4,228,813.60. The trade was a 32.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Commercial Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were paid a $0.20 dividend. This is a boost from Commercial Metals’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio is 16.04%.

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.