Core & Main (CNM) Expected to Announce Earnings on Tuesday

Core & Main (NYSE:CNM) is expected to be posting its quarterly earnings results before the market opens on Tuesday, March 25th. Analysts expect Core & Main to post earnings of $0.36 per share and revenue of $1.67 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Core & Main Stock Performance

NYSE CNM opened at $48.19 on Friday. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $52.32 and a 200-day moving average of $48.49. Core & Main has a 1-year low of $37.22 and a 1-year high of $62.15.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNM. Wells Fargo & Company increased their price objective on shares of Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Barclays upped their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.60.

Insider Transactions at Core & Main

In other Core & Main news, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the completion of the sale, the general counsel now directly owns 7,667 shares in the company, valued at approximately $423,908.43. This trade represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Schaller sold 60,452 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the completion of the sale, the executive vice president now owns 17,898 shares of the company’s stock, valued at $905,101.86. The trade was a 77.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock worth $9,383,685 over the last three months. 3.49% of the stock is owned by company insiders.

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.