Equities Analysts Offer Predictions for CMC Q2 Earnings

Commercial Metals Company (NYSE:CMC) – Analysts at Zacks Research raised their Q2 2028 earnings estimates for Commercial Metals in a research report issued on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $1.52 for the quarter, up from their previous estimate of $1.51. 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’ FY2028 earnings at $7.24 EPS.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group upgraded Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Citigroup reduced their price objective on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen cut shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. BMO Capital Markets reduced their target price on shares of Commercial Metals from $80.00 to $77.00 and set a “market perform” rating on the stock in a research note on Monday, June 29th. Finally, UBS Group upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and boosted their target price for the company from $79.00 to $89.00 in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.45.

Commercial Metals Stock Up 3.9%

CMC stock opened at $66.14 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $70.75 and a two-hundred day moving average of $70.67. Commercial Metals has a 12 month low of $49.66 and a 12 month high of $84.87. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.37 and a beta of 1.54.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, topping 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 firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $0.74 earnings per share. Commercial Metals’s quarterly revenue was up 22.9% on a year-over-year basis.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio is currently 15.07%.

Insiders Place Their Bets

In related news, CEO Peter R. Matt purchased 8,230 shares of the company’s stock in a transaction on Friday, July 10th. The stock was acquired at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the transaction, the chief executive officer directly owned 181,522 shares in the company, valued at approximately $11,127,298.60. The trade was a 4.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Commercial Metals

Several large investors have recently made changes to their positions in CMC. Lazard Asset Management LLC lifted its position in Commercial Metals by 0.6% in the fourth quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock valued at $1,606,000 after acquiring an additional 133 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Commercial Metals by 4.2% during 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 increased its position in shares of Commercial Metals by 3.1% during 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 in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Commercial Metals by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock valued at $1,630,000 after purchasing an additional 155 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Commercial Metals by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,164 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 160 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.