Core & Main (CNM) Projected to Post Quarterly Earnings on Tuesday

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

Core & Main Stock Performance

Shares of Core & Main stock opened at $48.19 on Monday. The company has a 50 day moving average price of $52.32 and a 200 day moving average price of $48.56. The firm has a market capitalization of $9.57 billion, a P/E ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. Core & Main has a 52 week low of $37.22 and a 52 week high of $62.15.

Insider Transactions at Core & Main

In other Core & Main news, General Counsel Mark G. Whittenburg sold 50,000 shares of Core & Main stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.49, for a total value of $2,524,500.00. Following the completion of the transaction, the general counsel now owns 7,667 shares of the company’s stock, valued at approximately $387,106.83. The trade was a 86.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Schaller sold 21,868 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $46.82, for a total value of $1,023,859.76. Following the transaction, the executive vice president now owns 16,452 shares in the company, valued at $770,282.64. This represents a 57.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 over the last quarter. 3.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNM. Loop Capital raised their price target 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. Truist Financial upped their target price on Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted their price target on Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

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.