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 note issued to investors on Friday, June 12th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $1.36 for the quarter, up from their previous estimate of $1.33. The consensus estimate for Commercial Metals’ current full-year earnings is $6.40 per share.

Several other brokerages have also issued reports on CMC. Morgan Stanley lifted their target price on shares of Commercial Metals from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Commercial Metals to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. dropped 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 report on Tuesday, April 14th. Barclays started coverage on shares of Commercial Metals in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Commercial Metals has an average rating of “Moderate Buy” and a consensus target price of $77.10.

Commercial Metals Stock Down 0.9%

Shares of NYSE CMC opened at $77.06 on Tuesday. The company’s 50-day simple moving average is $70.51 and its 200-day simple moving average is $70.80. Commercial Metals has a 52-week low of $47.06 and a 52-week high of $84.87. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.50. The company has a quick ratio of 1.55, a current ratio of 2.38 and a debt-to-equity ratio of 0.75.

Commercial Metals (NYSE:CMC) last released 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). Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year.

Hedge Funds Weigh In On Commercial Metals

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC lifted its stake in shares of Commercial Metals by 169.6% in the third quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after buying an additional 324 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of 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 buying an additional 301 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Commercial Metals in the fourth quarter worth about $54,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after buying an additional 716 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Commercial Metals in the fourth quarter worth about $59,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Increases Dividend

The firm 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 an increase from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, April 6th. Commercial Metals’s payout ratio is 16.04%.

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.