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

Core & Main (NYSE:CNM) posted its earnings results on Tuesday. The company reported $0.33 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Core & Main updated its FY 2025 guidance to EPS.

Core & Main Trading Up 2.6 %

CNM opened at $49.55 on Tuesday. The company has a fifty day moving average price of $52.28 and a two-hundred day moving average price of $48.64. Core & Main has a 1-year low of $37.22 and a 1-year high of $62.15. The company has a market cap of $9.84 billion, a P/E ratio of 23.26, a price-to-earnings-growth 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.

Insider Transactions at Core & Main

In other Core & Main news, General Counsel Mark G. Whittenburg sold 50,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the transaction, the general counsel now owns 7,667 shares in the company, valued at approximately $387,106.83. This represents a 86.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Bradford A. Cowles sold 12,500 shares of Core & Main stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.50, for a total transaction of $631,250.00. Following the transaction, the president now owns 16,010 shares of the company’s stock, valued at $808,505. This represents a 43.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock valued at $9,383,685 in the last 90 days. 3.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CNM. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Truist Financial upped their price target on Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their price objective on Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Citigroup increased their target price on shares of Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Core & Main presently has a consensus rating of “Moderate Buy” and an average price target 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.