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Core & Main (CNM)
NYSE:CNM
Holding CNM?
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CNM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$34.02 - $62.15
Previous Close$44.57
Volume1.01M
Average Volume (3M)2.91M
Market Cap
$9.13B
Enterprise Value$11.66B
Total Cash (Recent Filing)$13.00M
Total Debt (Recent Filing)$2.63B
Price to Earnings (P/E)21.4
Beta1.59
Next Earnings
Dec 03, 2024EPS Estimate
$0.66Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.09
Shares Outstanding201,130,932
10 Day Avg. Volume2,980,992
30 Day Avg. Volume2,909,288
Standard Deviation0.10
R-Squared0.28
Alpha0.00959
Financial Highlights & Ratios
Price to Book (P/B)5.48
Price to Sales (P/S)1.30
Price to Cash Flow (P/CF)47.10
P/FCF Ratio35.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.67
Enterprise Value/Gross Profit6.41
Enterprise Value/Ebitda13.36
Forecast
1Y Price Target
$49.25Price Target Upside8.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Core & Main News
Bulls Say, Bears Say
Bulls Say
Growth StrategyThe company's strategy includes mergers and acquisitions which have contributed significantly to top-line growth, indicating strong future potential.
Market PositionCNM is a leading waterworks distributor in a highly fragmented market, which favors long-term consolidation.
ValuationCNM's valuation is currently below specialty distributor peers, which limits potential margin compression and presents a buying opportunity.
Bears Say
Earnings GuidanceManagement lowered full-year revenue guidance by $200 million, reflecting cautiousness due to volume headwinds and increased SG&A levels from more mergers and acquisitions.
Financial PerformanceSales disappointed with a 6% drop compared to estimates as rainy weather pushed out projects and weaker-than-expected market volumes affected performance.
Market ConditionsNon-residential volumes could remain under pressure due to project delays and fewer new project starts.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CNM FAQ
What was Core & Main’s price range in the past 12 months?
Core & Main lowest stock price was $34.02 and its highest was $62.15 in the past 12 months.
What is Core & Main’s market cap?
Currently, no data Available
When is Core & Main’s upcoming earnings report date?
Core & Main’s upcoming earnings report date is Dec 03, 2024 which is in 10 days.
How were Core & Main’s earnings last quarter?
Core & Main released its earnings results on Sep 04, 2024. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.722 by -$0.112.
Is Core & Main overvalued?
According to Wall Street analysts Core & Main’s price is currently Undervalued.
Does Core & Main pay dividends?
Core & Main does not currently pay dividends.
What is Core & Main’s EPS estimate?
Core & Main’s EPS estimate is $0.66.
How many shares outstanding does Core & Main have?
Core & Main has 192,647,220 shares outstanding.
What happened to Core & Main’s price movement after its last earnings report?
Core & Main reported an EPS of $0.61 in its last earnings report, missing expectations of $0.722. Following the earnings report the stock price went down -15.812%.
Which hedge fund is a major shareholder of Core & Main?
Among the largest hedge funds holding Core & Main’s share is Spruce House Investment Management Llc. It holds Core & Main’s shares valued at 67M.
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Core & Main Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$49.25 (8.50% Upside)
$49.25 (8.50% Upside)
Blogger Sentiment
Bullish
CNM Sentiment 83%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 188.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.8%
Last 30 Days ▼ 9.7%
Last 30 Days ▼ 9.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
30.39%
12-Months-Change
Fundamentals
Return on Equity
23.30%
Trailing 12-Months
Asset Growth
21.02%
Trailing 12-Months
Company Description
Core & Main
Core & Main LP Core & Main is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.
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CNM Company Deck
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CNM Earnings Call
Q2 2024
0:00 / 0:00
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CNM Stock 12 Month Forecast
Average Price Target
$49.25
▲(8.50% Upside)
Technical Analysis
Best Analysts Covering CNM
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+33.05%
reiterated a buy rating 12 days ago
Copying Michael Dahl's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +33.05% per trade.
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