Core & Main (CNM) Set to Announce Earnings on Wednesday

Core & Main (NYSE:CNM - Get Free Report) will announce its earnings results before the market opens on Wednesday, September 4th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Core & Main has set its FY 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.72 billion. Core & Main had a net margin of 5.53% and a return on equity of 20.01%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. 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 Trading Down 2.2 %

NYSE:CNM traded down $1.13 on Wednesday, hitting $49.58. 3,315,123 shares of the stock were exchanged, compared to its average volume of 2,419,880. 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 stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.92 and a beta of 1.06. The company's 50-day moving average price is $50.57 and its 200 day moving average price is $52.69. Core & Main has a 52 week low of $27.75 and a 52 week high of $62.15.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNM. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Core & Main in a research note on Wednesday, June 5th. Truist Financial cut their target price on Core & Main from $56.00 to $50.00 and set a "hold" rating on the stock in a research note on Wednesday, June 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.90.

Insider Activity at Core & Main

In other news, Director James G. Castellano sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $52.22, for a total value of $652,750.00. Following the completion of the sale, the director now directly owns 11,769 shares of the company's stock, valued at $614,577.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.49% of the stock is currently owned by company insiders.

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.