Q3 EPS Estimate for Commercial Metals Decreased by Analyst

Commercial Metals (NYSE:CMC) – Equities researchers 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 earn $1.23 per share 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 announced its earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.07 billion.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group assumed coverage on shares of Commercial Metals in a report on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 price objective for the company. BMO Capital Markets set a $62.00 target price on Commercial Metals and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Wolfe Research cut Commercial Metals from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.25.

Commercial Metals Stock Performance

Shares of CMC opened at $59.44 on Friday. Commercial Metals has a 1 year low of $43.52 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.94 and a quick ratio of 2.78. The stock’s fifty day moving average price is $54.28 and its two-hundred day moving average price is $54.54. The firm has a market cap of $6.77 billion, a PE ratio of 14.36, a PEG ratio of 2.61 and a beta of 1.14.

Institutional Investors Weigh In On Commercial Metals

A number of large investors have recently made changes to their positions in CMC. Edgestream Partners L.P. raised its holdings in Commercial Metals by 264.5% in the 3rd quarter. Edgestream Partners L.P. now owns 129,838 shares of the basic materials company’s stock worth $7,136,000 after purchasing an additional 94,221 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Commercial Metals in the third quarter worth about $16,731,000. Verition Fund Management LLC purchased a new stake in Commercial Metals in the third quarter worth about $374,000. Rockefeller Capital Management L.P. bought a new stake in Commercial Metals during the 3rd quarter valued at approximately $4,345,000. Finally, Isthmus Partners LLC boosted its position in Commercial Metals by 16.9% during the 3rd quarter. Isthmus Partners LLC now owns 6,822 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 986 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Commercial Metals Dividend Announcement

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

Commercial Metals Company Profile

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.