Zacks Research Analysts Boost Earnings Estimates for CMC

Commercial Metals Company (NYSE:CMC) – Research analysts at Zacks Research increased their Q2 2026 earnings estimates for shares of Commercial Metals in a report released on Thursday, August 14th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $0.68 for the quarter, up from their previous forecast of $0.67. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.48 EPS.

Commercial Metals (NYSE:CMC) last released its earnings results on Monday, June 23rd. The basic materials company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business earned $1.02 earnings per share. Commercial Metals’s quarterly revenue was down 2.8% compared to the same quarter last year.

Several other equities analysts have also commented on the stock. Morgan Stanley set a $57.50 target price on shares of Commercial Metals in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their target price on shares of Commercial Metals from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wolfe Research raised shares of Commercial Metals from a “peer perform” rating to an “outperform” rating in a report on Friday, June 20th. Wells Fargo & Company upgraded shares of Commercial Metals to a “strong-buy” rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $55.00 price target (down from $57.00) on shares of Commercial Metals in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.81.

Commercial Metals Price Performance

CMC stock opened at $57.5110 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.86 and a debt-to-equity ratio of 0.32. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53. The firm has a market cap of $6.44 billion, a P/E ratio of 185.52, a P/E/G ratio of 2.63 and a beta of 1.28. The company’s 50-day moving average price is $51.92 and its two-hundred day moving average price is $48.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Commercial Metals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,853 shares of the basic materials company’s stock worth $1,189,000 after purchasing an additional 2,846 shares during the period. GAMMA Investing LLC lifted its position in shares of Commercial Metals by 25.6% in the 1st quarter. GAMMA Investing LLC now owns 3,280 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 669 shares during the period. SG Americas Securities LLC lifted its position in shares of Commercial Metals by 460.1% in the 1st quarter. SG Americas Securities LLC now owns 12,383 shares of the basic materials company’s stock worth $570,000 after purchasing an additional 10,172 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Commercial Metals by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 13,316 shares of the basic materials company’s stock worth $612,000 after purchasing an additional 325 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Commercial Metals by 9.5% in the 4th quarter. Bank of Montreal Can now owns 15,801 shares of the basic materials company’s stock worth $784,000 after purchasing an additional 1,369 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Commercial Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a $0.18 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. Commercial Metals’s payout ratio is 232.26%.

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.