Core & Main (NYSE:CNM) Releases Earnings Results, Misses Estimates By $0.03 EPS

Core & Main (NYSE:CNM) released its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03), Briefing.com reports. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. Core & Main updated its FY 2025 guidance to EPS.

Core & Main Trading Down 0.0 %

NYSE CNM opened at $49.50 on Thursday. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. Core & Main has a one year low of $37.22 and a one year high of $62.15. The company’s 50 day moving average price is $52.10 and its 200 day moving average price is $48.73.

Insider Activity

In other Core & Main news, President Bradford A. Cowles sold 25,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the sale, the president now owns 16,010 shares of the company’s stock, valued at $872,224.80. This trade represents a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Schaller sold 21,868 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the completion of the transaction, the executive vice president now owns 16,452 shares of the company’s stock, valued at $770,282.64. This trade represents a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,294 shares of company stock valued at $9,383,685. Company insiders own 3.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CNM shares. Loop Capital boosted their price objective on shares of Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada decreased their price target on Core & Main from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. Robert W. Baird dropped their price objective on Core & Main from $66.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial boosted their target price on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their price target on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.30.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.