Core & Main (CNM) Expected to Announce 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Core & Main Stock Performance

NYSE:CNM opened at $48.19 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The company 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. Core & Main has a 1 year low of $37.22 and a 1 year high of $62.15. The stock’s 50 day simple moving average is $52.32 and its two-hundred day simple moving average is $48.56.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNM. Robert W. Baird raised 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 lifted their price target on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Barclays increased their price objective on shares of Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price target (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.60.

Insiders Place Their Bets

In other Core & Main news, President Bradford A. Cowles sold 12,500 shares of Core & Main stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the transaction, the president now owns 16,010 shares in the company, valued at $808,505. The trade was a 43.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the stock in a transaction dated 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 sale, the general counsel now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders 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.