Core & Main (CNM) Projected to Post Earnings on Tuesday

Core & Main (NYSE:CNM - Get Free Report) is expected to be releasing its Q1 2026 earnings data before the market opens on Tuesday, June 10th. Analysts expect Core & Main to post earnings of $0.52 per share and revenue of $1.84 billion for the quarter. Core & Main has set its FY 2025 guidance at EPS.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. On average, analysts expect Core & Main to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Core & Main Stock Up 0.1%

Shares of Core & Main stock traded up $0.05 on Friday, reaching $54.78. 738,900 shares of the company were exchanged, compared to its average volume of 2,329,630. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.61 and a beta of 1.04. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. Core & Main has a one year low of $37.22 and a one year high of $58.29. The company has a 50-day moving average of $50.87 and a 200 day moving average of $51.00.

Analysts Set New Price Targets

A number of brokerages have commented on CNM. Wells Fargo & Company increased their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Royal Bank of Canada cut their target price on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lifted their price target on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday. Robert W. Baird lowered their price target on Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a research report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.91.

Insiders Place Their Bets

In related news, EVP John R. Schaller sold 21,868 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,452 shares in the company, valued at approximately $770,282.64. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO John Weldon Stephens sold 10,214 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $53.02, for a total transaction of $541,546.28. Following the transaction, the chief accounting officer now directly owns 4,120 shares in the company, valued at approximately $218,442.40. This represents a 71.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,045 shares of company stock worth $3,683,698 over the last three months. Insiders own 3.53% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its position in shares of Core & Main by 262.0% in the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company's stock valued at $35,000 after buying an additional 524 shares in the last quarter. AQR Capital Management LLC bought a new position in Core & Main during the 1st quarter worth $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Core & Main by 36.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company's stock valued at $1,719,000 after acquiring an additional 9,534 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Core & Main by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company's stock valued at $14,106,000 after acquiring an additional 54,854 shares in the last quarter. Institutional investors and hedge funds own 94.19% 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.