Core & Main (CNM) to Release Quarterly Earnings on Wednesday

Core & Main (NYSE:CNM) is expected to be issuing its Q2 2027 results before the market opens on Wednesday, September 9th. Analysts expect the company to announce earnings of $0.9190 per share and revenue of $2.1358 billion for the quarter. Interested persons may visit the the company’s upcoming Q2 2027 earning report for the latest details on the call scheduled for Wednesday, September 9, 2026 at 8:30 AM ET.

Core & Main Trading Up 0.1%

Shares of CNM opened at $44.37 on Tuesday. Core & Main has a 12-month low of $41.55 and a 12-month high of $67.18. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.53 and a beta of 0.91. The stock’s 50-day moving average price is $44.81 and its 200 day moving average price is $48.18.

Insiders Place Their Bets

In related news, Director James Hope acquired 2,067 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were bought at an average cost of $46.01 per share, with a total value of $95,102.67. Following the completion of the acquisition, the director owned 11,805 shares of the company’s stock, valued at $543,148.05. This trade represents a 21.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.51% of the company’s stock.

Hedge Funds Weigh In On Core & Main

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Core & Main by 2.9% during the 4th quarter. Invesco Ltd. now owns 2,917,310 shares of the company’s stock worth $151,613,000 after buying an additional 81,749 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Core & Main by 7.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,449 shares of the company’s stock valued at $387,000 after acquiring an additional 546 shares during the period. Vident Advisory LLC raised its stake in Core & Main by 230.9% during the fourth quarter. Vident Advisory LLC now owns 27,151 shares of the company’s stock worth $1,411,000 after acquiring an additional 18,945 shares in the last quarter. Mackenzie Financial Corp raised its stake in Core & Main by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 769,524 shares of the company’s stock worth $40,597,000 after acquiring an additional 3,483 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Core & Main during the fourth quarter valued at $454,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. William Blair assumed coverage on Core & Main in a research report on Thursday, July 23rd. They issued a “market perform” rating for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $24.00 target price on shares of Core & Main in a research note on Thursday, June 11th. Citigroup reduced their target price on Core & Main from $54.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Northcoast Research downgraded shares of Core & Main from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of Core & Main from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.70.

About Core & Main

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.