| Over a month ago |
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Recommendations
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Citi analyst Anthony… Citi analyst Anthony Pettinari lowered the firm's price target on Core & Main to $22 from $26 and keeps a Neutral rating on the shares. The analyst believes the company's margin benefits look set to reverse into 2023. He sees a balanced risk/reward at current share levels. ShowHide Related Items >><< - 12/13/22
- Core & Main sees FY22 adjusted EBITDA $910M-$930M
- 11/07/22
- Core & Main to acquire Lanier Municipal Supply Co
- 09/20/22
- Core & Main to acquire Distributors, terms not disclosed
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 10/20/22 Deutsche Bank
- Core & Main price target lowered to $37 from $40 at Deutsche Bank
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 12/13/22
- Core & Main reports Q3 EPS 65c, consensus 57c
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
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Hot Stocks
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"We expect to… "We expect to deliver strong performance in the fourth quarter despite the 50% net sales growth we achieved in the same period last year," LeClair continued. "We expect demand to remain resilient, supported by our balanced business mix and the execution of our growth initiatives. We remain confident in the long-term stability of our business and end-markets, as roughly half of our net sales are driven by non-discretionary repair and replacement activity. Taken altogether, we are raising our expectation for fiscal 2022 Adjusted EBITDA to be in the range of $910 to $930 million, representing year-over-year growth of 51% to 54%." ShowHide Related Items >><< - 11/07/22
- Core & Main to acquire Lanier Municipal Supply Co
- 09/20/22
- Core & Main to acquire Distributors, terms not disclosed
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 10/20/22 Deutsche Bank
- Core & Main price target lowered to $37 from $40 at Deutsche Bank
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 12/13/22
- Core & Main reports Q3 EPS 65c, consensus 57c
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
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Earnings
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Reports Q3 revenue… Reports Q3 revenue $1.82B, consensus $1.71B. "We delivered our eighth consecutive quarter of double-digit year-over-year net sales growth, with third quarter net sales exceeding our expectations due to healthy end-market demand, robust performance across our growth initiatives and continued price realization. This is an impressive accomplishment considering the 39% net sales growth we achieved in the same period last year. Municipal repair and replacement activity remains strong, and we continue to see an acceleration of non-residential construction activity." ShowHide Related Items >><< - 11/07/22
- Core & Main to acquire Lanier Municipal Supply Co
- 09/20/22
- Core & Main to acquire Distributors, terms not disclosed
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 10/20/22 Deutsche Bank
- Core & Main price target lowered to $37 from $40 at Deutsche Bank
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
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| Over a quarter ago |
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Hot Stocks
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Core & Main has… Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Lanier Municipal Supply Co. Inc., a full-service distributor of water, wastewater, storm drainage, agricultural and irrigation products, headquartered in Lakeland, Georgia. ShowHide Related Items >><< - 09/20/22
- Core & Main to acquire Distributors, terms not disclosed
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 10/20/22 Deutsche Bank
- Core & Main price target lowered to $37 from $40 at Deutsche Bank
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
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Recommendations
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Deutsche Bank analyst Joe… Deutsche Bank analyst Joe Ahlersmeyer lowered the firm's price target on Core & Main to $37 from $40 and keeps a Buy rating on the shares. The analyst thinks the Q3 earnings season for building products will be characterized by continued solid earnings results and mostly reaffirmed near-term guidance, but he wouldn't be surprised by "yet another move lower" in estimates for next year. He does not expect this earnings season to "catalyze the sort of deep cuts that would substantiate current prices and depressed multiples." To that end, if earnings season changes little, the stocks are likely to continue to trade cheaply until the most bearish of negative revision scenarios can be taken off the table, which is unlikely to happen until next year, contends Ahlersmeyer. ShowHide Related Items >><< - 09/20/22
- Core & Main to acquire Distributors, terms not disclosed
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/14/22 Citi
- Core & Main price target raised to $26 from $25 at Citi
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
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Hot Stocks
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Core & Main has… Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Distributors, Inc., a full-service distributor of fire protection products, based in Hawaii. "By consistently meeting and exceeding customer expectations, Distributors, Inc. has established itself as a leader in fire protection services in Hawaii. The extensive knowledge and experience of our combined resources strengthen this position, and this strategic acquisition enables us to continue adding value to their customers," said Steve LeClair, chief executive officer of Core & Main. "Distributors, Inc. is a trusted player in fire protection with a stellar reputation," said Brad Cowles, president of Core & Main. "Their partnership approach to working with customers makes them a good fit for us. I look forward to working with them and continuing our growth together." ShowHide Related Items >><< - 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 06/14/22
- Core & Main sees FY22 adjusted EBITDA $710M-$750M
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/14/22 Citi
- Core & Main price target raised to $26 from $25 at Citi
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
- 03/30/22
- Core & Main reports Q4 EPS 28c, consensus 22c
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Syndicate
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The deal size was… The deal size was increased to 11M shares from 10M shares and priced at the low-end of the $23.75-$24.25 range. Goldman Sachs acted as sole book running manager for the offering. ShowHide Related Items >><< - 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 06/14/22
- Core & Main sees FY22 adjusted EBITDA $710M-$750M
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/14/22 Citi
- Core & Main price target raised to $26 from $25 at Citi
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
- 03/30/22
- Core & Main reports Q4 EPS 28c, consensus 22c
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On The Fly
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Check out this evening's… ShowHide Related Items >><< - 09/14/22
- XPO Logistics appoints Weisfield as Chief Strategy Officer for RXO spin-off
- 09/12/22
- XPO Logistics promotes Silberkleit to Chief Information Officer
- 09/07/22
- XPO Logistics appoints Jamie Harris as CFO for RXO spin-off
- 08/25/22
- XPO Logistics appoints Firestone as Chief Legal Officer for RXO spin-off
- 09/09/22
- UPS chief DEI officer Charlene Thomas to retire
- 09/07/22
- UPS begins recruiting 100,000+ seasonal workers
- 08/29/22
- Boeing announces UPS purchase of 8 additional 767s
- 09/15/22
- Roblox reports August revenue $208M-$211M, up 22%-24%
- 09/14/22
- iHeartMedia launches iHeartLand on Roblox
- 08/23/22
- User reports indicate problems at Roblox, Downdetector says
- 08/10/22
- Cathie Wood's ARK Investment bought 191K shares of Roblox today
- 07/20/22
- Landstar System increases quarterly dividend by 5c to 30c per share
- 08/16/22
- J.B. Hunt VP of Highway says 'volumes somewhat challenged' in Q2
- 07/22/22
- J.B. Hunt announces additional $500M share repurchase program
- 07/20/22
- J.B. Hunt names Shelley Simpson president
- 07/13/22
- J.B. Hunt announces launch of Southern California transload service
- 09/15/22
- FedEx CEO: Demand in Asia is weak
- 09/15/22
- UPS down 6% following FedEx's preliminary Q1 results
- 09/15/22
- FedEx CEO 'confident' in 2025 targets despite 'disappointing' Q1
- 09/15/22
- FedEx says Q1 hurt by 'global volume softness' in final weeks
- 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 06/14/22
- Core & Main sees FY22 adjusted EBITDA $710M-$750M
- 04/27/22
- C.H. Robinson to 'continue to benefit from product and technology investments'
- 09/07/22
- Bowlero acquires three bowling centers in Texas, Florida
- 08/30/22
- Bowlero rises 9.1%
- 05/31/22
- Bowlero acquires bowling centers in Florida, Colorado
- 05/23/22
- Bowlero announces agreement to acquire three bowling centers in Kansas
AAOI Applied Optoelectronics - 09/15/22
- Applied Optoelectronics jumps 34% to $3.35 after announcing sale of China assets
- 09/15/22
- Applied Optoelectronics trading resumes
- 09/15/22
- Applied Optoelectronics to sell China manufacturing facilities, assets for $150M
- 09/15/22
- Applied Optoelectronics trading halted, news pending
- 08/30/22 JPMorgan
- JPMorgan starts Bowlero at Overweight on 'economically-attractive' industry
- 08/30/22 JPMorgan
- Bowlero initiated with an Overweight at JPMorgan
- 02/16/22 Noble Capital
- Bowlero initiated with an Outperform at Noble Capital
- 10/12/21 MKM Partners
- MKM starts Isos Acquisition with Buy ahead of Bowlero merger
AAOI Applied Optoelectronics - 08/05/22 B. Riley
- Applied Optoelectronics price target lowered to $2.80 from $3.20 at B. Riley
- 05/06/22 B. Riley
- Applied Optoelectronics price target lowered to $3.20 from $4.70 at B. Riley
- 02/25/22 B. Riley
- Applied Optoelectronics price target lowered to $4.70 from $6.50 at B. Riley
- 02/25/22 Craig-Hallum
- Applied Optoelectronics downgraded to Sell from Hold at Craig-Hallum
- 09/08/22 Wells Fargo
- FedEx price target lowered to $269 from $282 at Wells Fargo
- 09/07/22 Morgan Stanley
- FedEx price target lowered to $250 from $255 at Morgan Stanley
- 09/07/22 UBS
- FedEx price target lowered to $308 from $312 at UBS
- 09/06/22 Citi
- Citi opens 'negative catalyst watch' on Norfolk Southern
- 08/22/22 Evercore ISI
- UPS downgraded to In Line from Outperform at Evercore ISI
- 07/27/22 Wells Fargo
- UPS price target lowered to $223 from $270 at Wells Fargo
- 07/27/22 Raymond James
- UPS price target lowered to $220 from $225 at Raymond James
- 07/27/22 Barclays
- UPS price target lowered to $200 from $220 at Barclays
- 08/31/22 Benchmark
- Landstar System initiated with a Hold at Benchmark
- 07/22/22 Stifel
- Landstar System miss due to 'over-cooked expectations,' says Stifel
- 07/22/22 Susquehanna
- Landstar System price target lowered to $153 from $155 at Susquehanna
- 07/12/22 Evercore ISI
- Landstar System price target lowered to $161 from $173 at Evercore ISI
- 08/09/22 Raymond James
- XPO Logistics price target raised to $80 from $70 at Raymond James
- 08/08/22 Citi
- XPO Logistics price target raised to $75 from $70 at Citi
- 07/15/22 Raymond James
- XPO Logistics price target lowered to $70 from $90 at Raymond James
- 07/12/22 Evercore ISI
- XPO Logistics price target lowered to $67 from $83 at Evercore ISI
- 07/20/22 Stifel
- J.B. Hunt price target raised to $185 from $184 at Stifel
- 07/20/22 Cowen
- J.B. Hunt price target raised to $193 from $188 at Cowen
- 07/20/22 Raymond James
- J.B. Hunt price target raised to $200 from $190 at Raymond James
- 07/20/22 Wells Fargo
- J.B. Hunt price target raised to $196 from $183 at Wells Fargo
- 08/22/22 Evercore ISI
- C.H. Robinson added to Tactical Outperform list at Evercore ISI
- 08/17/22 Vertical Research
- C.H. Robinson downgraded to Sell from Hold at Vertical Research
- 07/28/22 Stifel
- C.H. Robinson price target raised to $123 from $117 at Stifel
- 07/28/22 Citi
- C.H. Robinson price target raised to $123 from $113 at Citi
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/14/22 Citi
- Core & Main price target raised to $26 from $25 at Citi
- 09/13/22 Morgan Stanley
- Roblox will face challenges executing on ads opportunity, says Morgan Stanley
- 09/12/22 Cowen
- Roblox initiated with an Underperform at Cowen
- 08/16/22 Wolfe Research
- Roblox initiated with a Peer Perform at Wolfe Research
- 08/12/22 Deutsche Bank
- Roblox price target raised to $52 from $45 at Deutsche Bank
- 08/04/22
- XPO Logistics raises FY22 adjusted EPS view to $5.55-$5.90 from $5.20-$5.60
- 08/04/22
- XPO Logistics reports Q2 adjusted EPS $1.81, consensus $1.50
- 05/09/22
- XPO Logistics sees FY22 EPS $5.20-$5.60, consensus $5.19
- 05/09/22
- XPO Logistics reports Q1 EPS $1.25, consensus 93c
- 07/26/22
- UPS backs FY22 revenue view $102B, consensus $102.11B
- 07/26/22
- UPS reports Q2 adjusted EPS $3.29, consensus $3.16
- 07/25/22
- Notable companies reporting before tomorrow's open
- 08/09/22
- Roblox reports Q2 EPS (30c), consensus (23c)
- 08/09/22
- Notable companies reporting after market close
- 05/10/22
- Roblox reports Q1 EPS (27c), consensus (21c)
- 05/10/22
- Notable companies reporting after market close
- 07/20/22
- Landstar System sees Q3 EPS $2.75-$2.85, consensus $2.71
- 07/20/22
- Landstar System reports Q2 EPS $3.05, consensus $3.23
- 04/20/22
- Landstar System reports Q1 EPS $3.34, consensus $3.05
- 07/19/22
- J.B. Hunt reports Q2 EPS $2.42, consensus $2.31
- 04/18/22
- J.B. Hunt reports Q1 EPS $2.29, consensus $1.94
- 04/18/22
- Notable companies reporting after market close
- 09/15/22
- FedEx sees Q2 EPS $2.65 or greater, consensus $5.48
- 09/15/22
- FedEx reports preliminary Q1 EPS $3.44, consensus $5.14
- 09/15/22
- FedEx pulls fiscal 2023 earnings forecast on 'volatile' environment
- 09/15/22
- FedEx withdraws FY23 guidance
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
- 03/30/22
- Core & Main reports Q4 EPS 28c, consensus 22c
- 07/27/22
- C.H. Robinson reports Q2 EPS $2.67, consensus $1.98
- 04/27/22
- C.H. Robinson reports Q1 EPS $2.05, consensus $1.54
- 09/15/22
- Bowlero reports Q4 adjusted EBITDA $82.4M, up 94.8% y/y
AAOI Applied Optoelectronics - 08/04/22
- Applied Optoelectronics reports Q2 EPS (28c), consensus (30c)
- 05/05/22
- Applied Optoelectronics sees Q2 EPS (34c)-(30c), consensus (25c)
- 05/05/22
- Applied Optoelectronics reports Q1 EPS (29c), consensus (31c)
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|
Syndicate
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Core & Main announced… Core & Main announced the launch of an underwritten secondary public offering of 10M shares of its Class A common stock by certain selling stockholders. Goldman Sachs & Co. is acting as the sole underwriter for the offering. ShowHide Related Items >><< - 09/13/22
- Core & Main up 6% in premarket at $25.99 after Q2 earnings beat, raised guidance
- 08/24/22
- Core & Main to purchase municipal waterworks division of Trumbull Industries
- 07/19/22
- Core & Main to acquire inland Water Works Supply Co.
- 06/14/22
- Core & Main sees FY22 adjusted EBITDA $710M-$750M
- 09/15/22 RBC Capital
- Core & Main price target raised to $27 from $25 at RBC Capital
- 09/14/22 Truist
- Core & Main price target raised to $28 from $25 at Truist
- 09/14/22 Baird
- Core & Main price target raised to $30 from $27 at Baird
- 09/14/22 Citi
- Core & Main price target raised to $26 from $25 at Citi
- 09/13/22
- Core & Main raises FY22 EBITDA range to $840M-$890M
- 09/13/22
- Core & Main reports Q2 EPS 67c, consensus 47c
- 06/14/22
- Core & Main reports Q1 EPS 50c, consensus 35c
- 03/30/22
- Core & Main reports Q4 EPS 28c, consensus 22c
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