Core & Main (CNM) Scheduled to Post Earnings on Wednesday

Core & Main (NYSE:CNM) is set to issue its quarterly earnings data before the market opens on Wednesday, September 4th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Core & Main (NYSE:CNM) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Core & Main had a net margin of 5.53% and a return on equity of 20.01%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts expect Core & Main to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Core & Main Price Performance

Shares of NYSE:CNM opened at $48.03 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 2.14. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06. The business has a 50-day simple moving average of $50.35 and a two-hundred day simple moving average of $52.82. Core & Main has a fifty-two week low of $27.75 and a fifty-two week high of $62.15.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Core & Main in a research note on Wednesday, June 5th. Truist Financial cut their target price on shares of Core & Main from $56.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Insiders Place Their Bets

In other news, Director James G. Castellano sold 12,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $52.22, for a total transaction of $652,750.00. Following the completion of the sale, the director now owns 11,769 shares of the company’s stock, valued at approximately $614,577.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.49% of the company’s stock.

About Core & Main

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.