Q2 EPS Forecast for Commercial Metals Increased by Analyst

Commercial Metals Company (NYSE:CMC) – Stock analysts at Zacks Research increased their Q2 2027 EPS estimates for Commercial Metals in a research note issued to investors on Friday, June 12th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $1.36 per share for the quarter, up from their prior forecast of $1.33. The consensus estimate for Commercial Metals’ current full-year earnings is $6.40 per share.

Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the firm earned $0.26 earnings per share. Commercial Metals’s revenue for the quarter was up 21.5% on a year-over-year basis.

A number of other equities analysts also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commercial Metals in a research note on Tuesday, June 9th. KeyCorp began coverage on shares of Commercial Metals in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $77.00 target price on shares of Commercial Metals in a research note on Thursday, June 4th. Morgan Stanley lifted their target price on shares of Commercial Metals from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price 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, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.10.

Commercial Metals Price Performance

Shares of CMC stock opened at $77.06 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55. The firm’s 50-day moving average is $70.51 and its two-hundred day moving average is $70.80. Commercial Metals has a 12 month low of $47.06 and a 12 month high of $84.87. The company has a market capitalization of $8.55 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.50.

Commercial Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were paid a $0.20 dividend. This is a positive change 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 1.0%. Commercial Metals’s payout ratio is presently 16.04%.

Institutional Investors Weigh In On Commercial Metals

A number of institutional investors and hedge funds have recently made changes to their positions in CMC. Artemis Investment Management LLP purchased a new stake in shares of Commercial Metals in the 4th quarter valued at approximately $103,962,000. Norges Bank purchased a new stake in shares of Commercial Metals in the 4th quarter valued at approximately $97,983,000. Bank of America Corp DE raised its stake in shares of Commercial Metals by 87.4% in the 1st 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 acquiring an additional 760,985 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Commercial Metals in the 4th quarter valued at approximately $41,523,000. Finally, Merewether Investment Management LP purchased a new stake in shares of Commercial Metals in the 3rd quarter valued at approximately $26,847,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.