Commercial Metals (NYSE:CMC) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

15 Oct 2026, 13:12 by Kim Johansen · The Markets Daily

Commercial Metals (NYSE:CMC – Get Free Report) announced its earnings results on Thursday. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14, FiscalAI reports. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%.

Commercial Metals Trading Up 0.8%

CMC opened at $65.26 on Thursday. Commercial Metals has a twelve month low of $53.08 and a twelve month high of $84.87. The company has a 50-day simple moving average of $67.17 and a 200 day simple moving average of $68.27. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.25 and a beta of 1.53.

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, October 28th. Commercial Metals’s payout ratio is 15.07%.

Commercial Metals announced that its board has authorized a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $600.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 7.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMC shares. Zacks Research raised shares of Commercial Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. dropped their target price on shares of Commercial Metals from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. BMO Capital Markets raised their target price on shares of Commercial Metals from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings cut Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, Morgan Stanley boosted their price target on Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Commercial Metals has an average rating of “Moderate Buy” and a consensus price target of $80.27.

Check Out Our Latest Report on CMC

Insider Activity

In other Commercial Metals news, Director John McPherson bought 1,390 shares of Commercial Metals stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $71.92 per share, with a total value of $99,968.80. Following the acquisition, the director owned 21,927 shares in the company, valued at $1,576,989.84. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Commercial Metals Company Profile

(Get Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturer, fabricator and recycler headquartered in Irving, Texas. Founded in 1915, the company operates a vertically integrated business that collects and processes ferrous scrap, produces steel and supplies products used in construction and infrastructure projects.