Equities Analysts Set Expectations for CMC FY2026 Earnings

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

Commercial Metals (NYSE:CMC) last posted 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). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research note on Wednesday, April 1st. They set a “neutral” rating and a $74.00 target price on the stock. Jefferies Financial Group raised shares of Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Commercial Metals in a research note on Tuesday, June 9th. Finally, Morgan Stanley boosted their price objective on shares of Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Commercial Metals Trading Up 0.4%

Shares of NYSE:CMC opened at $71.39 on Thursday. The company has a market cap of $7.92 billion, a P/E ratio of 15.90, a PEG ratio of 0.41 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55. Commercial Metals has a 1 year low of $48.14 and a 1 year high of $84.87. The stock’s fifty day moving average price is $71.81 and its 200-day moving average price is $71.24.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Commercial Metals by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,610 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 147 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Commercial Metals in the 1st quarter worth approximately $1,046,000. Bank of America Corp DE lifted its stake in shares of Commercial Metals by 87.4% in the 1st quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock worth $100,205,000 after purchasing an additional 760,985 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Commercial Metals by 2,356.3% in the first quarter. Edgestream Partners L.P. now owns 154,183 shares of the basic materials company’s stock worth $9,471,000 after buying an additional 147,906 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Commercial Metals by 3.0% in the first quarter. Janus Henderson Group PLC now owns 505,209 shares of the basic materials company’s stock worth $31,037,000 after buying an additional 14,733 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Dividend Announcement

The company 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 is Monday, July 6th. Commercial Metals’s dividend payout ratio is 17.82%.

Commercial Metals Company Profile

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.