What is Zacks Research’s Estimate for CMC Q3 Earnings?

Commercial Metals (NYSE:CMC) – Research analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of Commercial Metals in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings of $0.94 per share for the quarter, up from their prior forecast of $0.93. The consensus estimate for Commercial Metals’ current full-year earnings is $3.09 per share.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, March 20th. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the business posted $0.88 EPS. The company’s revenue was down 5.1% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group reduced their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group initiated coverage on Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 price objective for the company. Morgan Stanley dropped their target price on Commercial Metals from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. BMO Capital Markets cut their target price on Commercial Metals from $58.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, BNP Paribas lowered Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.17.

Commercial Metals Stock Performance

NYSE CMC opened at $46.67 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of 42.04, a PEG ratio of 2.62 and a beta of 1.17. The company has a fifty day simple moving average of $48.86 and a 200 day simple moving average of $52.72. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29. Commercial Metals has a 12-month low of $42.62 and a 12-month high of $64.53.

Hedge Funds Weigh In On Commercial Metals

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its holdings in shares of Commercial Metals by 5.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,528 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 229 shares during the period. Mariner LLC increased its stake in Commercial Metals by 0.9% in the 4th quarter. Mariner LLC now owns 24,735 shares of the basic materials company’s stock worth $1,227,000 after acquiring an additional 232 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Commercial Metals by 3.5% in the 4th quarter. Truist Financial Corp now owns 7,150 shares of the basic materials company’s stock valued at $355,000 after acquiring an additional 242 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Commercial Metals by 10.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 254 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Commercial Metals by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,373 shares of the basic materials company’s stock worth $1,655,000 after purchasing an additional 262 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 declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. Commercial Metals’s payout ratio is currently 64.86%.

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.