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

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

Core & Main Price Performance

NYSE:CNM opened at $49.55 on Tuesday. 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 $9.84 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.61 and a beta of 1.05. 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 $52.28 and its 200 day simple moving average is $48.64.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, January 6th. 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. Robert W. Baird increased their price objective on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.60.

Insider Activity at Core & Main

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

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.