Core & Main (NYSE:CNM) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Core & Main (NYSE:CNM) issued its earnings results on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.10, Fidelity Earnings reports.

CNM traded up $0.46 during trading on Wednesday, reaching $27.50. 878 shares of the stock were exchanged, compared to its average volume of 683,791. Core & Main has a twelve month low of $21.45 and a twelve month high of $30.57.

Several brokerages have recently issued reports on CNM. The Goldman Sachs Group initiated coverage on shares of Core & Main in a research note on Tuesday, August 17th. They issued a “neutral” rating and a $30.00 target price on the stock. Credit Suisse Group lifted their price objective on shares of Core & Main from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird initiated coverage on shares of Core & Main in a research note on Tuesday, August 17th. They set an “outperform” rating and a $32.00 price objective on the stock. Barclays initiated coverage on shares of Core & Main in a research note on Tuesday, August 17th. They set an “equal weight” rating and a $30.00 price objective on the stock. Finally, Wolfe Research initiated coverage on shares of Core & Main in a research note on Tuesday, August 17th. They set a “peer perform” rating and a $30.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Core & Main has a consensus rating of “Hold” and an average target price of $30.25.

Core & Main Company Profile

Core & Main Inc is a specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. The company’s products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.

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