Core & Main (CNM) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Core & Main in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNM shares.
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9 Wall Street analysts have issued 12-month target prices for Core & Main's stock. Their CNM share price forecasts range from $22.00 to $42.00. On average, they expect the company's share price to reach $29.33 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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Core & Main's stock was trading at $19.31 at the beginning of the year. Since then, CNM stock has increased by 40.3% and is now trading at $27.09.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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Core & Main will be holding an earnings conference call on Tuesday, June 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Core & Main, Inc. (NYSE:CNM) released its quarterly earnings data on Tuesday, April, 4th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company earned $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Core & Main had a trailing twelve-month return on equity of 20.64% and a net margin of 5.50%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS.

ETFs with the largest weight of Core & Main (NYSE:CNM) stock in their portfolio include First Trust Water ETF (FIW), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Putnam Sustainable Future ETF (PFUT), Thrivent Small-Mid Cap ESG ETF (TSME), Global X Clean Water ETF (AQWA), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Janus Henderson US Sustainable Equity ETF (SSPX) and Invesco S&P Global Water Index ETF (CGW).

Core & Main updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.46 billion-$6.88 billion, compared to the consensus revenue estimate of $6.34 billion.

(CNM) raised $750 million in an IPO on Friday, July 23rd 2021. The company issued 34,883,721 shares at a price of $20.00-$23.00 per share.

Core & Main trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNM."

Core & Main's stock is owned by many different retail and institutional investors. Top institutional shareholders include Select Equity Group L.P. (2.39%), Victory Capital Management Inc. (2.38%), Pictet Asset Management SA (1.59%), BlackRock Inc. (1.57%), Robeco Schweiz AG (1.12%) and FIL Ltd (1.10%). Insiders that own company stock include Bradford A Cowles, Cd&R Investment Associates X,, Jeffrey D Giles, John Weldon Stephens, Laura K Schneider, Mark G Whittenburg, Orvin T Kimbrough and Stephen O Leclair.
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Shares of CNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNM stock can currently be purchased for approximately $27.09.

Core & Main (NYSE:CNM) has a market capitalization of $6.67 billion and generates $6.65 billion in revenue each year. The company earns $366 million in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 4,500 workers across the globe.

The official website for the company is www.coreandmain.com. The company can be reached via phone at 314-432-4700 or via email at investorrelations@coreandmain.com.