KeyCorp Increases Earnings Estimates for Commercial Metals

Commercial Metals Company (NYSE:CMC) – Analysts at KeyCorp increased their FY2026 earnings per share (EPS) estimates for shares of Commercial Metals in a research report issued on Tuesday, June 23rd. KeyCorp analyst S. Mckinney now anticipates that the basic materials company will post earnings per share of $6.70 for the year, up from their prior estimate of $6.68. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Commercial Metals’ current full-year earnings is $6.56 per share.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Barclays started coverage on shares of Commercial Metals in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commercial Metals in a research report on Tuesday, June 9th. Morgan Stanley upped their target price on Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group started coverage on Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Commercial Metals has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Commercial Metals Stock Performance

NYSE:CMC opened at $71.39 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.38 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $71.81 and its 200 day simple moving average is $71.24. The stock has a market cap of $7.92 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 0.41 and a beta of 1.50. Commercial Metals has a twelve month low of $48.14 and a twelve month high of $84.87.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. Commercial Metals’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Commercial Metals by 1.4% during the first quarter. Royal Bank of Canada now owns 90,989 shares of the basic materials company’s stock valued at $4,186,000 after acquiring an additional 1,219 shares in the last quarter. Amundi grew its position in Commercial Metals by 13.3% during the 1st quarter. Amundi now owns 2,480 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 291 shares during the last quarter. Jones Financial Companies Lllp grew its position in Commercial Metals by 614.9% during the 1st quarter. Jones Financial Companies Lllp now owns 11,767 shares of the basic materials company’s stock valued at $541,000 after purchasing an additional 10,121 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Commercial Metals by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,033,514 shares of the basic materials company’s stock valued at $47,552,000 after purchasing an additional 56,875 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Commercial Metals by 1.8% during the 1st quarter. Empowered Funds LLC now owns 53,305 shares of the basic materials company’s stock valued at $2,453,000 after purchasing an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Commercial Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, July 6th. Commercial Metals’s dividend payout ratio (DPR) is 17.82%.

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.