Core & Main Inc (NYSE: CNM) on Tuesday, plunged -0.38% from the previous trading day, before settling in for the closing price of $45.24. Within the past 52 weeks, CNM’s price has moved between $29.16 and $62.15.
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Industrials Sector giant saw their annual sales surged by 16.88% over the last five years. The company achieved an average annual earnings per share of -1.11%. With a float of $191.95 million, this company’s outstanding shares have now reached $192.65 million.
The firm has a total of 5000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 24.91%, operating margin of 10.2%, and the pretax margin is 8.51%.
Core & Main Inc (CNM) Insider Activity
Observing investor behavior towards Industrial Distribution industry stocks is more important than anything else. The insider ownership of Core & Main Inc is 0.36%, while institutional ownership is 104.79%. The most recent insider transaction that took place on Jul 16 ’24, was worth 1,327,058. In this transaction Director of this company sold 25,000 shares at a rate of $53.08, taking the stock ownership to the 0 shares. Before that another transaction happened on Jul 15 ’24, when Company’s Director sold 12,500 for $52.22, making the entire transaction worth $652,786. This insider now owns 0 shares in total.
Core & Main Inc (CNM) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.73 earnings per share (EPS) for the period topping the consensus outlook (set at 0.69) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.33% during the next five years compared to 56.51% growth over the previous five years of trading.
Core & Main Inc (NYSE: CNM) Trading Performance Indicators
Core & Main Inc (CNM) is currently performing well based on its current performance indicators. A quick ratio of 1.34 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 11.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.09, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 2.42 in one year’s time.
Technical Analysis of Core & Main Inc (CNM)
Analysing the last 5-days average volume posted by the [Core & Main Inc, CNM], we can find that recorded value of 1.1 million was lower than the volume posted last year of 2.55 million. As of the previous 9 days, the stock’s Stochastic %D was 29.61%. Additionally, its Average True Range was 1.24.
During the past 100 days, Core & Main Inc’s (CNM) raw stochastic average was set at 44.96%, which indicates a significant decrease from 52.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.17% in the past 14 days, which was lower than the 44.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.70, while its 200-day Moving Average is $49.67. Now, the first resistance to watch is $45.65. This is followed by the second major resistance level at $46.22. The third major resistance level sits at $47.07. If the price goes on to break the first support level at $44.22, it is likely to go to the next support level at $43.37. Should the price break the second support level, the third support level stands at $42.80.
Core & Main Inc (NYSE: CNM) Key Stats
Market capitalization of the company is 8.68 billion based on 201,131K outstanding shares. Right now, sales total 6,702 M and income totals 371,000 K. The company made 1,964 M in profit during its latest quarter, and 119,000 K in sales during its previous quarter.
