Core & Main (CNM) Expected to Announce Earnings on Tuesday

Core & Main (NYSE:CNM) will likely be releasing its earnings data before the market opens on Tuesday, March 25th. Analysts expect Core & Main to post earnings of $0.36 per share and revenue of $1.67 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Core & Main Stock Down 0.7 %

CNM opened at $48.19 on Friday. 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’s 50-day moving average is $52.32 and its 200 day moving average is $48.49. Core & Main has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The firm has a market capitalization of $9.57 billion, a P/E ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05.

Insider Activity at Core & Main

In related news, EVP John R. Schaller sold 60,452 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the completion of the transaction, the executive vice president now owns 17,898 shares of the company’s stock, valued at approximately $905,101.86. The trade was a 77.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 7,667 shares of the company’s stock, valued at approximately $387,106.83. This represents a 86.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,294 shares of company stock valued at $9,383,685. Corporate insiders own 3.49% of the company’s stock.

Analyst Ratings Changes

CNM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target 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. Loop Capital raised their price objective on shares of Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Truist Financial raised their price objective on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Robert W. Baird raised their price objective on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

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.