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

Core & Main (NYSE:CNM - Get Free Report) released its earnings results on Tuesday. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03), Briefing.com reports. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company's revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Core & Main updated its FY 2025 guidance to EPS.

Core & Main Price Performance

NYSE CNM traded down $1.47 during trading on Friday, hitting $48.46. 2,285,425 shares of the stock traded hands, compared to its average volume of 2,270,730. 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 12-month low of $37.22 and a 12-month high of $62.15. The firm has a 50-day simple moving average of $51.87 and a 200-day simple moving average of $48.88. The company has a market capitalization of $9.63 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05.

Wall Street Analyst Weigh In

CNM has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday. Loop Capital lifted their target price on Core & Main from $52.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Truist Financial boosted their price target on Core & Main from $38.00 to $56.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.30.

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Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 1,974 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the sale, the general counsel now owns 7,667 shares in the company, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction on 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 trade represents a 43.84 % decrease in their position. 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 ninety days. Corporate insiders own 3.49% of the company's stock.

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.