Core & Main (NYSE:CNM) Announces Quarterly Earnings Results

Core & Main (NYSE:CNM) released its quarterly earnings data on Monday. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.27 by $0.10, Fidelity Earnings reports.

CNM traded up $0.56 on Wednesday, reaching $27.60. 8,505 shares of the company traded hands, compared to its average volume of 683,791. Core & Main has a one year low of $21.45 and a one year high of $30.57.

Several equities research analysts recently weighed in on CNM shares. Credit Suisse Group boosted their price target on shares of Core & Main from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America began coverage on shares of Core & Main in a report on Tuesday, August 17th. They issued a “neutral” rating and a $30.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Core & Main in a report on Tuesday, August 17th. They issued a “neutral” rating and a $30.00 price target for the company. Truist started coverage on Core & Main in a research note on Tuesday, August 17th. They set a “hold” rating and a $29.00 price objective on the stock. Finally, Truist Securities began coverage on Core & Main in a research note on Tuesday, August 17th. They issued a “hold” rating and a $29.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.25.

About Core & Main

Core & Main Inc is a specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. The company’s products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.

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