Core & Main (NYSE:CNM) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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

Core & Main Stock Performance

CNM opened at $49.64 on Wednesday. Core & Main has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $52.19 and a 200-day simple moving average of $48.72. The firm has a market cap of $9.86 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.61 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CNM. Barclays lifted their price objective on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted 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. Wells Fargo & Company raised their price objective on shares of Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 target price (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their price target on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.60.

Insider Activity at Core & Main

In related news, President Bradford A. Cowles sold 12,500 shares of Core & Main stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the transaction, the president now owns 16,010 shares in the company, valued at approximately $808,505. The trade was a 43.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Schaller sold 60,452 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 17,898 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 184,294 shares of company stock worth $9,383,685. 3.49% of the stock is currently 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.