Zacks Research Has Pessimistic Outlook of CMC Q3 Earnings

Commercial Metals (NYSE:CMC) – Stock analysts at Zacks Research reduced their Q3 2026 EPS estimates for Commercial Metals in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings per share of $1.23 for the quarter, down from their previous forecast of $1.25. The consensus estimate for Commercial Metals’ current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Commercial Metals’ FY2026 earnings at $5.27 EPS and FY2027 earnings at $5.56 EPS.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%.

Several other equities analysts have also recently weighed in on CMC. Wolfe Research cut Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. BMO Capital Markets set a $62.00 target price on shares of Commercial Metals and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group assumed coverage on shares of Commercial Metals in a research note on Tuesday, September 3rd. They set a “buy” rating and a $65.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy 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 $65.25.

Commercial Metals Trading Down 0.1 %

Shares of Commercial Metals stock opened at $59.39 on Friday. Commercial Metals has a twelve month low of $43.52 and a twelve month high of $63.40. The company has a quick ratio of 2.78, a current ratio of 3.94 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $54.47 and a 200-day moving average price of $54.57. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.61 and a beta of 1.14.

Hedge Funds Weigh In On Commercial Metals

A number of large investors have recently made changes to their positions in CMC. nVerses Capital LLC bought a new stake in Commercial Metals in the third quarter worth about $66,000. Archer Investment Corp purchased a new stake in shares of Commercial Metals in the second quarter worth approximately $77,000. GAMMA Investing LLC boosted its holdings in Commercial Metals by 21.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,572 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 282 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Commercial Metals in the 2nd quarter valued at $129,000. Finally, KBC Group NV grew its position in Commercial Metals by 15.9% in the 3rd quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 425 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, October 31st. Commercial Metals’s dividend payout ratio is currently 17.39%.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.