Core & Main, Inc. (NYSE:CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company is set to release its quarterly earnings on Tuesday, September 9, 2025. Analysts have estimated earnings per share (EPS) to be $0.77, with projected revenue of approximately $2.12 billion.
Analysts are optimistic about CNM's performance, anticipating an EPS of $0.77, up from $0.61 in the same period last year. Revenue is expected to rise to $2.12 billion from $1.96 billion a year earlier. This growth reflects the company's strong market position and effective business strategies.
Recent developments include CNM's agreement to acquire Canada Waterworks, which could positively impact future performance. The company's shares increased by 2%, closing at $65.85, indicating investor confidence in its growth prospects. This acquisition aligns with CNM's strategy to expand its market presence.
Analyst activity has been notable, with JP Morgan's Stephen Tusa maintaining an Overweight rating and raising the price target from $56 to $64. Despite challenges in market volumes, particularly outside of residential HVAC, the situation is not worse than anticipated. However, volume expectations remain subdued for the latter half of 2025.
CNM's financial metrics show a P/E ratio of approximately 30.56 and a price-to-sales ratio of about 1.67. The company's debt-to-equity ratio is 1.45, indicating a higher level of debt compared to equity. With a current ratio of approximately 1.96, CNM has a good level of liquidity to cover its short-term liabilities.
