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

Core & Main (NYSE:CNM) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Core & Main Stock Performance

Shares of CNM traded down $0.09 on Tuesday, reaching $46.60. 2,606,123 shares of the company’s stock traded hands, compared to its average volume of 2,286,340. The stock’s 50 day simple moving average is $52.95 and its two-hundred day simple moving average is $48.62. The stock has a market cap of $9.26 billion, a PE ratio of 21.88, a PEG ratio of 2.61 and a beta of 1.05. Core & Main has a 52-week low of $37.22 and a 52-week high of $62.15. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup lifted their price objective on Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. 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. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Loop Capital increased their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their price objective on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 50,000 shares of Core & Main stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.49, for a total value of $2,524,500.00. Following the completion of the transaction, the general counsel now owns 7,667 shares in the company, valued at approximately $387,106.83. This trade represents a 86.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 value of $631,250.00. Following the sale, the president now owns 16,010 shares in the company, valued at $808,505. The trade was a 43.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,294 shares of company stock valued at $9,383,685. 3.49% of the stock is currently owned by insiders.

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.