Research Analysts Set Expectations for CMC FY2027 Earnings

Commercial Metals (NYSE:CMC) – Analysts at Zacks Research lowered their FY2027 earnings per share estimates for Commercial Metals in a note issued to investors on Thursday, December 19th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $5.47 for the year, down from their previous forecast of $5.56. The consensus estimate for Commercial Metals’ current full-year earnings is $4.26 per share.

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

Several other research firms also recently issued reports on CMC. The Goldman Sachs Group began coverage on Commercial Metals in a research note on Monday, December 2nd. They set a “buy” rating and a $75.00 price target for the company. UBS Group reaffirmed a “sell” rating and issued a $56.00 target price (down previously from $62.00) on shares of Commercial Metals in a research note on Thursday, December 12th. Morgan Stanley initiated coverage on Commercial Metals in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $65.00 price objective on the stock. BMO Capital Markets set a $62.00 target price on shares of Commercial Metals and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Wolfe Research cut shares of Commercial Metals from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Commercial Metals has an average rating of “Hold” and an average target price of $65.33.

Commercial Metals Price Performance

Shares of NYSE:CMC opened at $50.50 on Monday. Commercial Metals has a 12 month low of $47.42 and a 12 month high of $64.53. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15. The business’s 50 day simple moving average is $57.70 and its 200-day simple moving average is $55.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.94 and a quick ratio of 2.78.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were given a dividend of $0.18 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. Commercial Metals’s dividend payout ratio (DPR) is 17.39%.

Institutional Investors Weigh In On Commercial Metals

Several large investors have recently made changes to their positions in CMC. State Street Corp increased its holdings in Commercial Metals by 0.4% in the 3rd quarter. State Street Corp now owns 5,830,412 shares of the basic materials company’s stock valued at $320,439,000 after purchasing an additional 24,665 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Commercial Metals by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,839,601 shares of the basic materials company’s stock valued at $156,093,000 after buying an additional 28,019 shares during the period. Victory Capital Management Inc. boosted its holdings in Commercial Metals by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,176,959 shares of the basic materials company’s stock worth $119,646,000 after acquiring an additional 41,206 shares during the period. Principal Financial Group Inc. grew its position in Commercial Metals by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,714,116 shares of the basic materials company’s stock valued at $94,208,000 after acquiring an additional 17,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Commercial Metals by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,462,317 shares of the basic materials company’s stock worth $80,369,000 after purchasing an additional 18,262 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.