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

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

Core & Main Stock Performance

NYSE:CNM opened at $49.50 on Thursday. Core & Main has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $52.10 and a two-hundred day simple moving average of $48.73.

Insider Buying and Selling

In other news, President Bradford A. Cowles sold 25,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company’s stock, valued at approximately $872,224.80. The trade was a 60.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Schaller sold 21,868 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the sale, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at $770,282.64. The trade was a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,294 shares of company stock worth $9,383,685. Corporate insiders own 3.49% of the company’s stock.

Analyst Upgrades and Downgrades

CNM has been the topic of several recent research reports. Robert W. Baird lowered their price target on shares of Core & Main from $66.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial boosted their price objective on Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Loop Capital lifted their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, Barclays boosted their target price on shares of Core & Main from $57.00 to $65.00 and gave the stock an “overweight” 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 given a buy rating to the stock. Based on data from MarketBeat, Core & Main currently has an average rating of “Moderate Buy” and an average target price of $57.30.

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.