An Evaluation Of Core & Main Inc (NYSE: CNM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Core & Main Signs Agreement to Acquire Dana Kepner.

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Stocks Info

CNM belongs to the Industrials sector of the NYSE while operating in the Industrial Distribution industry. The current market capitalization of Core & Main Inc is $8.06B. A total of 2.42 million shares were traded on the day, compared to an average of 3.71M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CNM has seen 7 BUY and 16 SELL insider trades, representing the acquisition of 8,313,069 and the disposition of 25,098,228 shares. Over the last 12 months, there were 54 BUYs and 77 SELLs from insiders. Insiders purchased 22,987,403 shares during that period but sold 78,509,382.

In the most recent transaction, CD&R Investment Associates X, sold 22,907,815 shares of CNM for 40.98 per share on Jan 25. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Jan 16, Schaller John R sold 50,000 shares at 40.99 per share. CNM shares that President owns now total 0.

Among the insiders who sold shares, Kimbrough Orvin T disposed of 5,000 shares on Jan 12 at a per-share price of $41.06. This resulted in the Director holding 9,320 shares of CNM after the transaction. In another insider transaction, LeClair Stephen O sold 150,000 shares at $40.66 per share on Jan 11. Company shares held by the Chief Executive Officer now total 73,692.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CNM has a high of $42.30 and a low of $20.30.

As of this writing, CNM has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.33. The company reported an EPS of $0.75 in the last quarter, which was 10.30% higher than expectations of $0.68.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CNM’s latest balance sheet shows that the firm has $1.00M in Cash & Short Term Investments as of fiscal 2022. There were $1.62B in debt and $839.00M in liabilities at the time. Its Book Value Per Share was $10.21, while its Total Shareholder’s Equity was $1.83B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNM is Buy with a score of 4.33.

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