Core & Main (NYSE:CNM) Issues Earnings Results, Misses Estimates By $0.03 EPS

Core & Main (NYSE:CNM) announced its quarterly earnings results on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03), Briefing.com reports. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. Core & Main updated its FY 2025 guidance to EPS.

Core & Main Price Performance

Shares of CNM stock opened at $49.64 on Wednesday. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.61 and a beta of 1.05. Core & Main has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The stock’s 50-day simple moving average is $52.19 and its 200-day simple moving average is $48.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Citigroup boosted their target price on shares of Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price (up from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Insider Buying and Selling at Core & Main

In other news, President Bradford A. Cowles sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the sale, the president now directly owns 16,010 shares in the company, valued at $872,224.80. This trade represents a 60.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Schaller sold 60,452 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.57, for a total value of $3,057,057.64. Following the completion of the transaction, the executive vice president now directly owns 17,898 shares of the company’s stock, valued at $905,101.86. The trade was a 77.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,294 shares of company stock worth $9,383,685. 3.49% of the stock is owned by corporate insiders.

About Core & Main

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.