Commercial Metals Company (NYSE:CMC – Free Report) – Investment analysts at Zacks Research cut their FY2027 EPS estimates for shares of Commercial Metals in a research report issued on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the basic materials company will earn $7.05 per share for the year, down from their prior estimate of $7.06. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.63 per share. Zacks Research also issued estimates for Commercial Metals’ Q4 2027 earnings at $2.04 EPS.
Several other equities analysts have also recently weighed in on the company. Barclays initiated coverage on Commercial Metals in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 price target for the company. The Goldman Sachs Group assumed coverage on Commercial Metals in a report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 price objective on the stock. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Wednesday, July 8th. Jefferies Financial Group raised Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Finally, Wells Fargo & Company upped their price target on Commercial Metals from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.45.
Commercial Metals Trading Up 1.9%
NYSE:CMC opened at $67.44 on Thursday. The company has a market cap of $7.46 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.38 and a beta of 1.54. The stock’s fifty day moving average price is $70.65 and its two-hundred day moving average price is $70.65. Commercial Metals has a 1 year low of $49.66 and a 1 year high of $84.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54.
Commercial Metals (NYSE:CMC – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business earned $0.74 EPS. Commercial Metals’s revenue was up 22.9% compared to the same quarter last year.
Hedge Funds Weigh In On Commercial Metals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC grew its holdings in shares of Commercial Metals by 0.6% during the 4th quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock valued at $1,606,000 after purchasing an additional 133 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Commercial Metals by 4.2% in the first quarter. NewEdge Advisors LLC now owns 3,610 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 147 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Commercial Metals by 3.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 149 shares during the last quarter. Corient Private Wealth LLC boosted its position in Commercial Metals by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock valued at $1,630,000 after buying an additional 155 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Commercial Metals by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,164 shares of the basic materials company’s stock valued at $256,000 after buying an additional 160 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Peter R. Matt bought 8,230 shares of Commercial Metals stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average price of $61.30 per share, with a total value of $504,499.00. Following the completion of the purchase, the chief executive officer directly owned 181,522 shares in the company, valued at $11,127,298.60. The trade was a 4.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.
Commercial Metals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, July 6th were given a $0.20 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 1.2%. Commercial Metals’s payout ratio is 15.07%.
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.
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