Commercial Metals to Post Q1 2025 Earnings of $1.34 Per Share, Zacks Research Forecasts (NYSE:CMC)

Commercial Metals (NYSE:CMC) – Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for Commercial Metals in a research note issued on Monday, October 7th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $1.34 per share for the quarter, down from their prior forecast of $1.36. The consensus estimate for Commercial Metals’ current full-year earnings is $4.26 per share. Zacks Research also issued estimates for Commercial Metals’ Q3 2025 earnings at $1.29 EPS, Q2 2026 earnings at $1.28 EPS, Q3 2026 earnings at $1.58 EPS, Q4 2026 earnings at $1.63 EPS and FY2026 earnings at $5.96 EPS.

A number of other analysts have also weighed in on the company. Wolfe Research lowered Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Bank of America lowered their target price on Commercial Metals from $70.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Jefferies Financial Group started coverage on Commercial Metals in a report on Tuesday, September 3rd. They set a “buy” rating and a $65.00 price objective for the company. Finally, StockNews.com lowered Commercial Metals from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.40.

Commercial Metals Stock Up 0.7 %

Commercial Metals stock opened at $52.96 on Wednesday. The business has a fifty day moving average of $52.83 and a two-hundred day moving average of $54.62. The company has a quick ratio of 2.83, a current ratio of 4.24 and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.09 billion, a P/E ratio of 11.03 and a beta of 1.14. Commercial Metals has a twelve month low of $39.85 and a twelve month high of $61.26.

Hedge Funds Weigh In On Commercial Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMC. Wasatch Advisors LP raised its stake in Commercial Metals by 28.2% in the 4th quarter. Wasatch Advisors LP now owns 752,108 shares of the basic materials company’s stock worth $37,635,000 after acquiring an additional 165,326 shares during the last quarter. Cim LLC purchased a new position in Commercial Metals in the 4th quarter worth $2,120,000. Congress Asset Management Co. MA raised its stake in Commercial Metals by 0.4% in the 4th quarter. Congress Asset Management Co. MA now owns 67,943 shares of the basic materials company’s stock worth $3,400,000 after acquiring an additional 251 shares during the last quarter. Wellington Management Group LLP grew its position in Commercial Metals by 4.4% during the 4th quarter. Wellington Management Group LLP now owns 310,681 shares of the basic materials company’s stock worth $15,546,000 after purchasing an additional 13,073 shares during the period. Finally, Vanguard Group Inc. grew its position in Commercial Metals by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,641,427 shares of the basic materials company’s stock worth $632,577,000 after purchasing an additional 191,345 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.