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

Core & Main (NYSE:CNM) released its quarterly earnings data on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10, Fidelity Earnings reports.

Shares of NYSE:CNM opened at $27.04 on Wednesday. Core & Main has a 52 week low of $21.45 and a 52 week high of $30.57.

A number of analysts have recently issued reports on the stock. Truist Securities initiated coverage on shares of Core & Main in a report on Tuesday, August 17th. They set a “hold” rating and a $29.00 price target for the company. Credit Suisse Group raised their target price on Core & Main from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wolfe Research assumed coverage on Core & Main in a research note on Tuesday, August 17th. They issued a “peer perform” rating and a $30.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a research report on Tuesday, August 17th. They set a “buy” rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Core & Main in a research report on Tuesday, August 17th. They issued a “neutral” rating and a $30.00 target price on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.25.

About Core & Main

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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