On June 02, 2026, Viavi Solutions Inc VIAV shares rose 11.4% to a current price of $52.88. This price movement comes amid a 52-week range of $8.94 to $60.43, showing significant volatility and potential investor interest.
GF Value™ verdict: Current price is $52.88, while GF Value™ estimates fair value at $13.05, indicating a 305.2% overvaluation.GF Score™: 58/100, categorized as average.Most notable signal: Insiders sold $26.9M in the last 3 months with no buying activity. Is VIAV Overvalued or Undervalued? The current price of Viavi Solutions Inc VIAV at $52.88 is significantly above the GF Value™ estimate of $13.05, suggesting that the stock is overvalued by approximately 305.2%. This large discrepancy indicates a lack of margin of safety for potential investors, as the stock price is not supported by its intrinsic value. The GF Valuation label classifies VIAV as significantly overvalued, which means that investors may be taking on additional risk if they enter at these price levels.
In terms of valuation, a stock is generally deemed overvalued when its market price exceeds its intrinsic value significantly. This situation poses a risk to investors, as it could lead to price corrections in the future. The current overvaluation suggests that even with favorable market conditions, the stock may not achieve sustained growth that justifies its high price point.
How Does VIAV's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)41.3x92.7x Currently, VIAV's forward P/E of 41.3x is significantly lower than its 5-year median P/E of 92.7x. This suggests that the stock is trading below its historical valuation levels. However, this analysis agrees with the GF Value™ verdict, reinforcing the notion that the stock may be overpriced despite a lower forward P/E in comparison to its historical average.
What Does VIAV's GF Score™ Tell Us? MetricRating GF Score™58/100 Financial Strength3/10 Profitability5/10 Growth7/10 Valuation1/10 Momentum3/10 The GF Score™ of 58/100 indicates that Viavi Solutions Inc is categorized as average in terms of its overall financial health and future potential. The strongest area is growth, with a score of 7/10, suggesting some positive trends in revenue or earnings growth. However, the weakest area is valuation, receiving a score of just 1/10, which aligns with the overvalued status indicated by the GF Value™. This mixed performance highlights the need for cautious evaluation by potential investors.
What Are Insiders Doing with VIAV Stock? In recent months, insider activity for Viavi Solutions Inc has shown significant selling, with insiders offloading $26.9M worth of shares. This pattern suggests a lack of confidence from those within the company, as there has been no notable buying activity to counterbalance the selling. Insider selling can often be interpreted as a negative signal regarding the company’s future prospects or current valuation.
Such activity raises questions about the sustainability of the stock's current price, especially when insiders, who have intimate knowledge of the company's operations, are choosing to sell rather than buy shares.
What This Means for Investors Based on the GF Value™ assessment, Viavi Solutions Inc VIAV is currently overvalued. The significant discrepancy between its current price and intrinsic value suggests that potential investors may face heightened risk if they consider entering this stock at its current levels.
For the complete analysis, visit the Viavi Solutions Inc VIAV stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is VIAV's GF Score™?
VIAV's GF Score™ is 58/100, which categorizes it as average in terms of financial health and future potential based on key metrics.
Is VIAV overvalued or undervalued?
VIAV is overvalued, with a current price of $52.88 compared to a GF Value™ estimate of $13.05, indicating a 305.2% overvaluation.
What is VIAV's P/E ratio?
VIAV's current forward P/E is 41.3x, which is significantly lower than its 5-year median P/E of 92.7x, suggesting that it is currently trading below its historical valuation levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways VIAV launched the GDO-1000, a compact GNSS-disciplined oscillator designed for precise timing applications.VIAV's oscillator is 22mm x 42mm, under 4g, uses 0.5W and maintain timing accuracy during signal disruption.Viavi adds MEMS plus AI/ML compensation and supports external sources like M-Code GPS without modifications. Viavi Solutions Inc. (VIAV - Free Report) has launched the µPNT GDO-1000, an ultra-compact Global Navigation Satellite System (GNSS)-disciplined oscillator designed for applications where size, weight and power efficiency are critical. The solution is specifically developed for defense platforms, unmanned systems, communications equipment and data centers that require highly accurate timing under strict space and power constraints.
Viavi’s new oscillator is a compact timing device, measuring just 22mm x 42mm and weighing less than four grams. It delivers dual-frequency L1/L5 GNSS reception and can maintain precise timing even when satellite signals are disrupted. It consumes only about half a watt of power and incorporates AI- and ML-based algorithms to compensate for environmental changes, helping ensure consistent performance in demanding conditions.
The product uses Micro-Electro-Mechanical Systems (MEMS) technology to deliver reliable operation across a wide range of military operating temperatures and challenging environments. It can also connect to external timing sources, including M-Code GPS and other navigation systems, without hardware modifications, while supporting multiple timing inputs and outputs for seamless integration across various platforms and applications.
As demand grows for smaller, more power-efficient and reliable timing solutions, Viavi is well-positioned to benefit from this trend. The company's latest innovation strengthens its presence in the precision timing market and is likely to support long-term growth as communications and defense technologies continue to advance.
How Are Competitors Advancing?Viavi faces competition from ADTRAN Holdings, Inc. (ADTN - Free Report) and Anterix Inc. (ATEX - Free Report) . ADTRAN is expanding its presence in the precision timing market with advanced timing and synchronization solutions. The company helps improve network performance and timing accuracy for telecom and enterprise customers. ADTRAN is benefiting from growing demand for precise timing technologies as 5G and next-generation networks continue to expand.
Anterix is strengthening its position in the communications market with solutions that support reliable network timing and performance. The company works with utilities and critical infrastructure operators to modernize their networks. Anterix is well-positioned to gain from ongoing investments in advanced communications infrastructure.
VIAV’s Price Performance, Valuation and EstimatesViavi shares have skyrocketed 469.2% over the past year compared with the industry’s growth of 392.3%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company's shares currently trade at 44.11 forward earnings, lower than 58.63 for the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 10.7% to 93 cents over the past 60 days, while those for 2027 have also increased 23.2% to $1.22.
Image Source: Zacks Investment Research
Viavi stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Purpose-built intelligence integrated directly into lab and field workflows
, /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced AI Experts, the first addition to the NITRO® AI portfolio of AI-driven capabilities. Each Expert provides product-specific intelligence directly into a VIAVI platform, delivering contextual guidance, automated workflows and diagnostic precision in the field and the lab.
AI Experts contain a curated set of "agents," task-specific AI-driven execution units that automate configuration, analysis, diagnostics and reporting within their functional domain.
The OneAdvisor 800 Wireless AI Expert delivers contextual guidance based on deep domain knowledge spanning wireless standards, industry best practices, instrument functionality and real-world signal behavior. By providing answers that are specific to the situation directly on the instrument, it enables engineers to validate faster and with greater accuracy.
The TM500 AI Expert and TeraVM AI Expert shorten the time from lab provisioning to validated results by assisting engineers with test setup and configuration, diagnostic triage and real-time awareness of complex test topologies. This enables a reduction in manual effort during many time-consuming tasks and helps engineering teams meet increasingly aggressive development timelines.
"At every stage of network validation, engineers are being asked to deliver more, faster and with greater precision," said Ian Langley, Senior Vice President, Wireless, Security and Applications Business Unit, VIAVI. "AI Experts put proven, product-specific intelligence directly into their workflows on the instrument in the field and inside the lab, helping shorten validation times and deliver outcomes faster."
AI Experts for OneAdvisor 800 Wireless, TM500 and TeraVM are available now, enabling teams to adopt and expand AI capabilities incrementally. Additional AI Experts across the wider VIAVI portfolio will be introduced over time.
About VIAVI
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test, monitoring, assurance, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.
Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
Media Inquiries:
Grand Bridges
Emma Jenkins
[email protected]
+1 415 800 4529
Key Takeaways Viavi is seeing demand trends in AI infrastructure, Ethernet testing and defense-related markets.VIAV expects acquired Spirent assets to contribute annual revenue above initial estimates.Corning continues expanding key partnerships while operating amid broader market uncertainties. Viavi Solutions, Inc. (VIAV - Free Report) and Corning Incorporated (GLW - Free Report) are both key players in the optical communications ecosystem. Viavi provides network testing, monitoring and optical technologies used in telecom and data-center networks, while Corning is a leading supplier of optical fiber, connectivity solutions, and infrastructure for broadband, cloud and AI-driven networks.
AI data center expansion, cloud computing growth, fiber to the home and broadband deployment, and network modernization are driving growth in the optical communication ecosystem. Per a report from Future Market Insights, the optical communication and networking market is projected to grow at a compound annual growth rate of 8.7%.
With deep industry expertise, both VIAV and GLW are strategically positioned in this growing market. Let us analyze in depth the competitive strengths and weaknesses of the companies to understand who is in a better position to maximize gains from the emerging market trends.
The Case for VIAVViavi is benefiting from accelerating AI infrastructure investments by hyperscalers, semiconductor manufacturers, optical module suppliers and networking equipment vendors. Strong demand for laboratory, production and field-testing solutions is also a major growth driver. Growing investment in higher-speed optical transport, silicon photonics, PCIe interconnects and high-speed Ethernet technologies is driving demand for VIAV’s solutions. The company expects this momentum to continue in fiscal 2026.
Moreover, the buyout of Spirent's high-speed Ethernet, network security and channel emulation product lines is performing better than expected. Management expects the acquired business to contribute approximately $200 million in annual revenues, above the initial estimate of $188 million. The acquisition also expands Viavi's presence among enterprise customers and strengthens its position in high-speed Ethernet testing. This is a critical component in AI data center expansion.
The company continues to benefit from solid cash flow growth. In the first quarter of fiscal 2026, the company delivered $31 million in operating cash flow and $22.5 million in free cash flow. Healthy cash flow growth provides financial flexibility to effectively pursue growth initiatives, strategic acquisitions, and strengthen its balance sheet through debt reduction and support long-term shareholder value creation. Beyond optical communication, aerospace and defense also remain major growth drivers for the company. Solid demand for positioning, navigation and timing (PNT) solutions is driving growth.
The company is also placing strong emphasis on expanding its portfolio offerings. It recently introduced AI Experts under its newly introduced NITRO AI portfolio. The AI Experts offer automated test configuration, analyze network data, diagnose issues, generate reports, assist with troubleshooting and validation workflows. Such innovation bodes well for sustainable growth.
The Case for GLWCorning continues to strengthen its competitive position through innovation across optical connectivity, advanced glass and semiconductor applications. Secular demand for bandwidth, cloud computing and AI infrastructure continues to support Corning’s Optical Communications business. Corning finalized two additional long-term hyperscaler agreements similar in size and duration to its previously announced up-to-$6 billion Meta agreement. The company also announced a long-term partnership with NVIDIA to expand U.S.-based optical connectivity manufacturing capacity by 10 times and increase domestic fiber production capacity by more than 50%.
Corning is also gaining from ongoing fiber-to-the-home deployments and data-center interconnect projects as telecom operators continue expanding broadband networks. Strong demand for its domestically manufactured solar products is becoming another growth engine. In the first quarter of 2026, Solar revenues surged 80% year over year to $370 million, supported by robust demand across the company’s polysilicon, wafer and module manufacturing operations.
However, Corning’s optical communication growth is heavily reliant on AI infrastructure investments by hyperscalers. Any slowdown in AI-related capital spending or changes in deployment plans by large cloud customers could affect demand for its fiber, cable and connectivity solutions. The company faces competition from another major industry leader, Amphenol Corporation (APH - Free Report) . Amphenol’s high-speed and power interconnect products are increasingly tied to AI data-center buildouts. The company acquired CommScope’s Connectivity and Cable Solutions business. The buyout reflects Amphenol’s strategy of expanding its range of high-technology interconnect products through both innovation and acquisitions, positioning the company to benefit as electronics content rises across multiple end markets. Growing competition from APH can impact GLW’s prospects to some extent.
It remains exposed to customer concentration across several business segments. Any slowdown in customer demand, inventory corrections or financial weakness among key customers could adversely affect revenue visibility and cash flow generation. It maintains a sizeable presence in China, which exposes the company to geopolitical tensions and tariff-related uncertainty.
How Do Zacks Estimates Compare for VIAV & GLW?The Zacks Consensus Estimate for VIAV’s 2026 sales implies year-over-year growth of 39.09%, while that for EPS suggests growth of 97.87%. The EPS estimate has been trending northward (up 10.71%) over the past 60 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GLW’s 2026 sales implies year-over-year growth of 13.92%, while that for EPS suggests an increase of 26.59%. The EPS estimate has been trending upward (up 1.92%) over the past 60 days.
Image Source: Zacks Investment Research
Price Performance & Valuation of VIAV & GLWOver the past year, VIAV has gained 398.5%, while GLW has gained 248.9% over the same period.
Image Source: Zacks Investment Research
VIAV looks more attractive than GLW from a valuation standpoint. Going by the price/sales ratio, VIAV’s shares currently trade at 39.55 forward earnings, lower than 49.04 for GLW.
Image Source: Zacks Investment Research
VIAV or GLW: Which is a Better Pick?Viavi carries a Zacks Rank #2 (Buy) at present, while Corning carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Both Viavi and Corning are taking several steps to propel revenue growth in the upcoming quarters. Viavi has delivered better price performance and looks more attractive from a valuation standpoint. Despite a diverse portfolio, Corning’s high exposure to China and high customer concentration remain concerns. While Corning's optical communications business is increasingly tied to AI-driven fiber deployments and hyperscaler spending, Viavi benefits from a broader set of growth drivers, including AI infrastructure, high-speed Ethernet testing, silicon photonics, aerospace and defense. Owing to these factors and with a better Zacks Rank, Viavi is a better investment choice at present.
Combining deep satellite communications expertise with world-class 3GPP test leadership to accelerate 5G non-terrestrial network (NTN) connectivity
, /PRNewswire/ -- Square Peg Communications, the company that enables the emulation and testing of complex satellite and hybrid networks, today announced a strategic partnership with VIAVI Solutions to deliver advanced test capabilities for the rapidly emerging 5G NTN market.
As satellite and terrestrial communications converge under global 3GPP standards, network operators, chipset vendors, device manufacturers and infrastructure providers face new validation challenges. 5G NTN introduces a new class of performance requirements beyond traditional terrestrial mobile testing, including large Doppler frequency shifts, long propagation delays, moving satellite handovers and hybrid terrestrial-satellite interoperability.
The collaboration brings together Square Peg's long-standing expertise in satellite communications and channel emulation, combined with VIAVI's leadership in wireless test and optimization, including deep experience supporting 3GPP technology evolution from 3G through 5G and beyond. Developers can emulate end-to-end 3GPP network, channel and device connectivity — using the Square Peg RLS-2100 emulator to recreate the physical channel conditions and the VIAVI TM500 Network Tester to simulate the user equipment.
"As commercial interest in Direct-to-Device (D2D) connectivity, LEO constellations and integrated terrestrial-space networks continue to accelerate, robust test environments are becoming essential to successful deployment," said Ian Langley, Senior Vice President, Wireless, Security and Applications Business Unit, VIAVI. "This partnership provides customers with access to comprehensive validation capabilities designed to de-risk product development, accelerating their time to market."
"Square Peg Communications built its reputation on solving complex satellite communications challenges," said Michael Gertsman, President, Square Peg Communications. "We are partnering with VIAVI to combine trusted satcom expertise with one of the most respected names in wireless conformance and performance testing. Together, we are uniquely positioned to support the next wave of 5G NTN deployment."
VIAVI plays a central role in the global wireless ecosystem, enabling chipset makers, device vendors and network operators with trusted solutions for standards validation, protocol testing, RF performance and wireless field testing. Combined with Square Peg's expertise in realistic, in-lab satellite link emulation and space-network dynamics, the partnership creates a powerful end-to-end NTN test platform.
The joint offering of the Square Peg RLS-2100 paired with the VIAVI TM500 will support a variety of use cases including:
gNodeB and network infrastructure testing 5G NTN NR validation Satellite channel and mobility emulation Beam and satellite handover scenarios Hybrid terrestrial/NTN service continuity validation Pre-certification and standards-based verification Square Peg Communications and VIAVI are committed to helping the industry validate the performance, interoperability and resilience of next-generation NTN systems with confidence.
Learn more about the combined solution at https://squarepeg.ca.
About Square Peg Communications
Square Peg Communications specializes in satellite systems engineering and the development and manufacture of DSP-based ground, airborne and spaceborne satellite communications products for customers worldwide. Led by a senior team with many decades of industry experience, Square Peg has a proven track record of delivering state-of-the-art mobile satellite solutions including the industry-leading RLS-2100 radio link simulator, satellite terminal qualification equipment, satellite modems, and earth stations. Learn more at www.squarepeg.ca or on LinkedIn.
About VIAVI Solutions
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test, monitoring, assurance, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.
Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
Network infrastructure validation and testing solutions for AI and enterprise secure Best of Show Prizes at Japan's leading ICT event
, /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it has won two awards at Interop Tokyo 2026 in collaboration with partner TOYO Corporation. The Best of Show Awards recognize VIAVI's innovative technologies for testing and validating AI, enterprise, cloud and other advanced network infrastructure deployments.
The Interop Tokyo awards are presented to companies that demonstrate the most innovative products, solutions, and services during the three-day conference and exhibition. This year, VIAVI secured a Best of Show Grand Prize award in the Network Infrastructure/Security/Testing category for its MCP Server Framework for Custom AI Workflows1 and a Runner Up award for its TestCenter D2 1.6T Appliance2 high-speed Ethernet test platform.
"We are honored to be selected for two prestigious prizes," said Tom Fawcett, Senior Vice President and General Manager, Lab and Production, VIAVI. "These awards, which go to the most innovative digital infrastructure technologies, further demonstrate VIAVI's ongoing leadership in advanced testing solutions that accelerate and enhance the deployment, validation and security of AI, data center and enterprise network infrastructure."
Since its inception in 1984, Interop Tokyo has become one of the largest ICT (information and Communication Technology) events in Asia. The conference showcases the latest networking products, solutions and services and attracts over 150,000 attendees each year. Award submissions are reviewed by a panel of expert judges that selects winners based on cutting-edge technology and commercial value, highlighting annual IT trends in networking, AI, security and cloud computing.
VIAVI's Best of Show Winners
1. VIAVI MCP Server Framework for Custom AI Workflows
VIAVI MCP Server Framework for Custom AI Workflows (part of VIAVI's NITRO® AI portfolio of solutions) delivers MCP servers for TestCenter (network performance testing), CyberFlood (security and application performance testing) and TeraVM (secure access/ZTNA and SSL/IPsec VPN testing). Each MCP server exposes product-specific operational testing capabilities as standardized tools and resources for AI agents, enabling natural-language-driven test execution, results analysis and test automation across custom AI workflows.
2. VIAVI TestCenter D2 1.6T Appliance
The VIAVI TestCenter D2 1.6T Appliance is a high-performance high-speed Ethernet test platform purpose-built to validate and accelerate rollout of next-generation AI data center infrastructure. Designed for 1.6T Ethernet and AI workloads, it delivers high-capacity traffic generation, AI workload emulation and multivendor interoperability testing, enabling hyperscalers, cloud providers and network equipment manufacturers to accelerate deployment of scalable, high-performance AI-ready networks.
About VIAVI
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test, monitoring, assurance, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.
Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
Media Inquiries:
Grand Bridges
Emma Jenkins
[email protected]
+1 415 800 4529
Core & Main is a durable growth platform in water infrastructure, supported by structural demand and disciplined execution. CNM's diversified end markets and scale have enabled 16 consecutive years of sales growth, with recent margin expansion and above-market organic growth. Structural drivers include aging U.S. water systems, complex infrastructure projects, and incremental demand from AI and data center growth.
Core & Main (CNM - Free Report) closed the most recent trading day at $49.51, moving -1.63% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.49% for the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
Coming into today, shares of the distributor of water and fire protection products had gained 5.4% in the past month. In that same time, the Industrial Products sector gained 9.05%, while the S&P 500 gained 12.8%.
The investment community will be closely monitoring the performance of Core & Main in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.7, marking a 34.62% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.9 billion, showing a 0.37% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.11 per share and revenue of $7.91 billion. These totals would mark changes of +4.71% and +3.48%, respectively, from last year.
Any recent changes to analyst estimates for Core & Main should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Core & Main currently has a Zacks Rank of #4 (Sell).
Looking at valuation, Core & Main is presently trading at a Forward P/E ratio of 16.17. This expresses a discount compared to the average Forward P/E of 17.45 of its industry.
We can also see that CNM currently has a PEG ratio of 1.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Manufacturing - Tools & Related Products industry had an average PEG ratio of 1.45.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CNM in the coming trading sessions, be sure to utilize Zacks.com.
Core & Main (CNM - Free Report) ended the recent trading session at $47.50, demonstrating a -2.88% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.71%.
The distributor of water and fire protection products's stock has dropped by 8.68% in the past month, falling short of the Industrial Products sector's gain of 2.1% and the S&P 500's gain of 8.81%.
Market participants will be closely following the financial results of Core & Main in its upcoming release. The company is expected to report EPS of $0.7, up 34.62% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.9 billion, down 0.37% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.11 per share and a revenue of $7.91 billion, representing changes of +4.71% and +3.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Core & Main. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Core & Main is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Core & Main is currently trading at a Forward P/E ratio of 15.71. This expresses a discount compared to the average Forward P/E of 17.1 of its industry.
We can additionally observe that CNM currently boasts a PEG ratio of 1.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Core & Main (CNM - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Core & Main currently has an average brokerage recommendation (ABR) of 1.93, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.93 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, eight are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 53.3% and 6.7% of all recommendations.
Brokerage Recommendation Trends for CNM
Check price target & stock forecast for Core & Main here>>>
While the ABR calls for buying Core & Main, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in CNM?Looking at the earnings estimate revisions for Core & Main, the Zacks Consensus Estimate for the current year has declined 0.5% over the past month to $3.11.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Core & Main. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Core & Main with a grain of salt.
In the latest close session, Core & Main (CNM - Free Report) was down 1.37% at $46.13. This change lagged the S&P 500's 0.07% loss on the day. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw a decrease of 0.51%.
The distributor of water and fire protection products's stock has dropped by 7.91% in the past month, falling short of the Industrial Products sector's gain of 0.71% and the S&P 500's gain of 5.58%.
The investment community will be closely monitoring the performance of Core & Main in its forthcoming earnings report. The company is forecasted to report an EPS of $0.7, showcasing a 34.62% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.9 billion, down 0.37% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.11 per share and a revenue of $7.91 billion, indicating changes of +4.71% and +3.48%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Core & Main. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Core & Main is currently a Zacks Rank #4 (Sell).
Digging into valuation, Core & Main currently has a Forward P/E ratio of 15.02. For comparison, its industry has an average Forward P/E of 16.4, which means Core & Main is trading at a discount to the group.
We can also see that CNM currently has a PEG ratio of 1.65. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Manufacturing - Tools & Related Products industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Core & Main (CNM - Free Report) ended the recent trading session at $50.48, demonstrating a +2.85% change from the preceding day's closing price. This change outpaced the S&P 500's 0.13% gain on the day. On the other hand, the Dow registered a gain of 0.45%, and the technology-centric Nasdaq increased by 0.03%.
Prior to today's trading, shares of the distributor of water and fire protection products had gained 1.28% outpaced the Industrial Products sector's loss of 3.12% and lagged the S&P 500's gain of 5.25%.
The investment community will be paying close attention to the earnings performance of Core & Main in its upcoming release. The company is slated to reveal its earnings on June 10, 2026. On that day, Core & Main is projected to report earnings of $0.7 per share, which would represent year-over-year growth of 34.62%. At the same time, our most recent consensus estimate is projecting a revenue of $1.9 billion, reflecting a 0.37% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.12 per share and a revenue of $7.89 billion, signifying shifts of +5.05% and +3.18%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Core & Main. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% increase. At present, Core & Main boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Core & Main has a Forward P/E ratio of 15.73 right now. This signifies a discount in comparison to the average Forward P/E of 16.56 for its industry.
Also, we should mention that CNM has a PEG ratio of 1.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 1.36 based on yesterday's closing prices.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 169, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Core & Main, Inc. (NYSE:CNM) will release earnings for its first quarter before the opening bell on Wednesday, June 10.
Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings of 57 cents per share. That's up from 53 cents per share in the year-ago period. The consensus estimate for Core & Main's quarterly revenue is $1.89 billion. It reported $1.91 billion last year, according to Benzinga Pro.
On March 27, the board appointed M. Susan Hardwick as a director and as a member of the talent and compensation committee.
Shares of Core & Main rose 0.9% to close at $52.65 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Considering buying CNM stock? Here’s what analysts think:
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Core & Main (CNM - Free Report) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.60%. A quarter ago, it was expected that this distributor of water and fire protection products would post earnings of $0.48 per share when it actually produced earnings of $0.52, delivering a surprise of +8.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Core & Main, which belongs to the Zacks Manufacturing - Tools & Related Products industry, posted revenues of $1.91 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $1.91 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Core & Main shares have added about 1.3% since the beginning of the year versus the S&P 500's gain of 7.9%.
What's Next for Core & Main?While Core & Main has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Core & Main was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.98 on $2.18 billion in revenues for the coming quarter and $3.12 on $7.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Tools & Related Products is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Enerpac (EPAC - Free Report) , is yet to report results for the quarter ended May 2026.
This industrial products company is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of -3.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Enerpac's revenues are expected to be $164.5 million, up 3.7% from the year-ago quarter.
Med-tech stock Conmed dips ahead of big Q4 report...opportunity?Core & Main NYSE: CNM reaffirmed its fiscal 2026 outlook after reporting first-quarter results that management said reflected resilient municipal demand, disciplined pricing and margin initiatives, despite continued pressure in residential lot development.
The water, wastewater, storm drainage and fire protection products distributor reported first-quarter net sales of $1.9 billion, roughly in line with the prior year. Adjusted EBITDA was $226 million, up 1% year over year, while adjusted diluted earnings per share rose about 6% to $0.72 from $0.68 a year earlier.
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Chief Executive Officer Mark Witkowski said the company delivered “a solid start to fiscal 2026,” citing “disciplined execution and the underlying resilience” of the business. He said the results support the full-year outlook Core & Main issued in March.
Municipal Demand Remains Core Growth Driver Witkowski said municipal demand remained strong during the quarter and continues to be a “core source of growth” for Core & Main. He pointed to aging water infrastructure, repair and replacement activity, and the largely non-discretionary nature of municipal spending as key drivers.
Management emphasized that municipal water infrastructure funding is largely local. Witkowski said approximately 95% of water infrastructure funding is supported by state and local sources, reinforcing what he described as the durable nature of the market.
Chief Financial Officer Robyn Bradbury said municipal volumes were supported by repair and replacement activity, non-discretionary projects and continued share gains in smart utility and treatment plant initiatives. In response to an analyst question about the Infrastructure Investment and Jobs Act, Bradbury said remaining funding is expected to flow into state revolving funds this year, but added that the company does not see a funding “cliff,” because much of the money remains available for municipalities and because state and local funding remains the dominant source of water infrastructure investment.
Residential Still Soft, Non-Residential Mixed Core & Main said residential markets remained challenged, with year-over-year declines against a strong prior-year comparison. Witkowski said residential lot development began fiscal 2025 with optimism before pulling back later in the year. Since then, he said conditions have largely stabilized, with no further deterioration from the end of fiscal 2025 but no meaningful improvement either.
Bradbury said residential softness was most pronounced in Sun Belt markets and reflected slower lot development activity compared with the prior year. She said sequential residential demand was stable relative to the fourth quarter and in line with expectations.
Non-residential demand was described as mixed but stable overall. Management cited healthy momentum in data centers and manufacturing facilities, which helped offset softness in traditional commercial construction, including retail and office-related activity. Witkowski said data centers represent a compelling long-term opportunity because they require water, wastewater, storm drainage and fire protection infrastructure, including significant water infrastructure for cooling systems.
Fire protection was a standout category in the quarter. In the question-and-answer session, Witkowski said the business benefited from data center activity, steady-to-positive multifamily demand and higher steel pricing after a period when steel had been a drag. He also said Core & Main’s performance in fire protection has improved over the past 12 to 18 months and that the company believes it is gaining share.
Smart Utility and Treatment Plant Initiatives Continue to Expand President Brad Cowles highlighted smart utility and treatment plant solutions as important municipal growth drivers. He said municipalities and private utilities are increasingly focused on modernizing metering infrastructure to improve billing accuracy, reduce non-revenue water, enhance visibility and operate more efficiently.
Cowles said Core & Main differentiates itself by offering a turnkey smart utility model that includes hardware, software, analytics, installation, project management and ongoing service. He said the company continues to win large, multi-year projects and referenced a previously announced award that Core & Main believes is the largest smart utility contract in U.S. history.
Witkowski said smart utility solutions delivered high single-digit growth during the quarter. In response to analyst questions about meter-market concerns at original equipment manufacturers, Cowles said Core & Main is benefiting from large integrated projects, while some meter manufacturers may be more exposed to smaller ongoing maintenance and residential-related demand, where activity is softer.
Treatment plant solutions delivered double-digit growth in the quarter, according to management. Cowles said treatment plant modernization is being driven by aging facilities, regulatory requirements and greater demands on water and wastewater systems. He said treatment plant projects range from smaller rehabilitation work to major facility retrofits and new construction, though complete new builds are less common.
Witkowski said treatment plant sales are in the mid-single-digit range as a share of Core & Main’s sales, and management sees opportunities to expand the addressable products and services it can provide. Cowles said acquisitions could help add technical expertise and broaden the company’s offering in areas such as actuated valves, engineered pipe stands and metal fabrications used inside plants.
Margins Improve as Company Reaffirms Guidance Gross margin expanded 50 basis points year over year to 27.2%. Bradbury said the improvement was driven by private label growth, sourcing optimization and disciplined pricing and purchasing execution. Adjusted EBITDA margin rose 10 basis points to 11.8%.
Bradbury said overall pricing was stable during the quarter, with increases across most product categories offset by a year-over-year headwind from PVC. She said PVC pricing remains below prior-year levels but has stabilized sequentially, and supplier price increases could become a modest tailwind later in the year. In the Q&A session, she said the company has begun passing through some PVC increases in bidding and quoting activity, with most of the impact expected in the third quarter.
SG&A expenses increased 2% to $299 million, driven by strategic growth investments, acquisition-related costs and inflation. Bradbury said that excluding the impact of investments and M&A, SG&A declined modestly year over year, reflecting cost management.
Core & Main reaffirmed its fiscal 2026 guidance, including:
Net sales of $7.8 billion to $7.9 billion; Adjusted EBITDA of $950 million to $980 million; Operating cash flow conversion of 60% to 70% of adjusted EBITDA. Bradbury said the company continues to expect overall end-market volumes to be roughly flat for the year, with municipal strength offset by a cautious outlook in private construction. She said the company expects slight growth in the second quarter and low- to mid-single-digit growth in the third and fourth quarters as comparisons ease and backlog activity releases.
Cash Flow, Buybacks and Expansion Remain Priorities Core & Main ended the quarter with net debt of $2 billion and net debt leverage of 2.2 times, within its target range. Liquidity was nearly $1.4 billion, including $150 million in cash. Operating cash flow was $82 million, up $5 million from the prior-year quarter.
The company repurchased $88 million of stock during the first quarter, reducing share count by about 1.8 million shares. Including post-quarter repurchases, Core & Main had bought back 2.5 million shares in fiscal 2026, representing about 80% of its total buybacks for all of fiscal 2025.
Witkowski said the company opened five greenfield locations during the quarter and remains on track to open a record eight to 10 locations in fiscal 2026. He also said the acquisition pipeline has become more active after a period of lower deal activity, with opportunities ranging from small tuck-ins to larger transactions and deals aligned with municipal and treatment plant capabilities.
“While we do not expect near-term tailwinds in residential, we see plenty of opportunities to capture growth within our municipal and non-residential end markets,” Witkowski said in closing remarks. He added that the long-term fundamentals of aging infrastructure, population growth and reliable water systems remain intact.
About Core & Main NYSE: CNMCore & 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Wednesday.
The Dow traded down 1.13% to 50,299.68 while the NASDAQ fell 1.16% to 25,381.36. The S&P 500 also fell, dropping, 0.86% to 7,322.92.
Leading and Lagging Sectors
Energy shares jumped by 2.4% on Wednesday.
In trading on Wednesday, industrials stocks fell by 2.4%.
Top Headline
Core & Main Inc (NYSE:CNM) reported upbeat earnings for the first quarter on Wednesday.
The company posted quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 67 cents per share. The company reported quarterly sales of $1.910 billion which beat the analyst consensus estimate of $1.905 billion.
Equities Trading UP
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Commodities
In commodity news, oil traded up 3.2% to $91.03 while gold traded down 3.1% at $4,151.90.
Silver traded down 0.2% to $65.12 on Wednesday, while copper fell 0.5% to $6.2910.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.2%, while Spain's IBEX 35 Index rose 0.3%. London's FTSE 100 rose 0.1%, Germany's DAX declined 0.4%, while France's CAC 40 rose 0.1%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.89%, Hong Kong's Hang Seng Index declining 0.64%, China's Shanghai Composite dipping 0.42% and India's BSE Sensex rising 0.09%.
Economics
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Core & Main, Inc. remains a Hold as shares fell after Q1 FY26 results, despite revenue beating expectations. Smart utility products and fire protection segments showed robust growth, but pipes, valves, and fittings, as well as storm drainage, declined. Management projects FY26 revenue of $7.8–$7.9B and EBITDA of $950–$980M, supporting increased share buybacks and expansion.
, /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has entered into a definitive agreement to acquire First Aviation Services, a leading provider of highly engineered, mission-critical defense and aviation maintenance, repair and overhaul (MRO) services and a manufacturer of related proprietary components.
First Aviation's MRO capabilities include advanced electronics, rotor blades and assemblies, propellers, landing gear, and flight controls. In addition, First Aviation specializes in designing, engineering, and manufacturing critical parts across a wide range of defense and aviation platforms.
"First Aviation is a strong strategic fit with our MRO platform, providing attractive market expansion opportunities and broadening the scope of our component MRO services," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Their proprietary products and services further broaden our differentiated products serving mission critical applications. We look forward to leveraging our respective operating, engineering and distribution strengths to continue to grow our combined capabilities."
First Aviation Services has annual sales of approximately $80 million and operates six centers of excellence throughout the U.S. The transaction is subject to customary closing conditions, including applicable regulatory approvals.
Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
[email protected]
Phone: 610-889-5247
Ametek (AME) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.75 per share a year ago.
While the top- and bottom-line numbers for Ametek (AME) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
, /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has entered into a definitive agreement to acquire a portfolio of instrumentation businesses from Indicor, LLC ("Indicor Instrumentation") in an all‑cash transaction valued at approximately $5.0 billion.
Indicor Instrumentation is a group of leading businesses that design and manufacture mission critical solutions for demanding industrial and scientific applications. Its products serve customers across attractive end markets that align closely with AMETEK's existing portfolio and generate a substantial base of recurring revenue from consumables, services, and aftermarket support.
"Indicor is an exceptional fit for AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "In a single transaction, we are adding a high-quality group of businesses with differentiated technologies, complementary market positions, and attractive growth prospects. We see meaningful potential to create value through integration into AMETEK's operating model."
Indicor Instrumentation generates approximately $1.1 billion in annual sales and has profitability levels consistent with AMETEK. Following closing of the transaction, the businesses will be integrated into AMETEK's Electronic Instruments Group (EIG) and Electromechanical Group (EMG) based on product offerings and market alignment.
AMETEK plans to fund the acquisition through borrowings under its existing credit facility and new debt issuance. The transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the second half of 2026.
AMETEK will host a conference call to discuss the acquisition at 8:00 a.m. Eastern Time on May 6, 2026. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.
Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
[email protected]
Phone: 610-889-5247
3D Printing is reshaping industries with faster production and lower costs, drawing investor interest. Stocks like NVDA, AME, CRS and ATI offer strong growth potential.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.34 per share for the second quarter ending June 30, 2026.
This second quarter dividend is payable June 30, 2026 to shareholders of record as of June 15, 2026.
Corporate Profile:
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
[email protected]
Phone: 610.889.5247
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Ametek (AME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ametek, Inc. is positioned for durable growth, leveraging megatrends in aerospace & defense, semiconductors, and data centers. Recent acquisitions—First Aviation and Indicor ($5B)—significantly expand AME's aerospace, defense, and instrumentation capabilities, with value accretion expected from late 2026. I reiterate my buy rating on AME stock with a $272/share price target at 20.23x eFY28 EV/aEBITDA, citing robust market dynamics and strategic expansion.
, /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has completed its acquisition of First Aviation Services, a leading provider of highly engineered defense and aviation maintenance, repair and overhaul (MRO) services and a manufacturer of related proprietary components.
"We are excited to welcome the First Aviation team to AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "First Aviation is an excellent strategic fit with our existing MRO business, creating attractive opportunities for market expansion and added scale in support of mission-critical aerospace and defense applications. Their proprietary products and services nicely complement AMETEK's capabilities and strengthen our position across attractive platforms."
First Aviation's MRO capabilities include advanced electronics, rotor blades and assemblies, propellers, landing gear, and flight controls. In addition, the company specializes in the design, engineering, and manufacturing of critical parts across a wide range of defense and aviation platforms.
First Aviation Services generates approximately $80 million in annual revenue and operates six centers of excellence throughout the U.S. They join AMETEK as part of its Electromechanical Group (EMG).
Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
[email protected]
Phone: 610-889-5247
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, today announced the company and its research collaborators will present 38 abstracts, as well as one oral presentation in partnership with Pfizer, showcasing advances in methylation-based tumor classification and liquid biopsy technology at the American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, Illinois taking place May 29 – June 2, 2026.
Key data that will be presented include:
Abstract #3077 validating the use of Guardant360 Liquid CDx as a companion diagnostic for therapy selection and comprehensive pan-cancer tumor profiling in routine oncology practice. Findings led to recent FDA approval of the IVD assay, marking the world’s largest FDA-approved liquid biopsy panel, demonstrating how incorporating both genomic and epigenomic signals for variant detection produces strong analytical sensitivity, accuracy, and specificity across clinically relevant alterations. Abstract #3070 revealing the potential of Guardant360 Liquid in expanding access to targeted ALK inhibitor therapy and getting the right treatment to lung patients faster. Demonstrating advanced detection missed by standard genomic methods, the analysis demonstrated improved detection of actionable ALK fusions in non-small cell lung cancer (NSCLC) while maintaining high specificity by identifying additional ALK fusion-positive cases. Abstract #TPS10632 evaluating longitudinal performance of the Shield blood test for primary colorectal cancer screening in its intended use population, building off the strong performance in the prospective, observational ECLIPSE study that led to FDA approval. “Our presence at this year’s ASCO reflects the power of liquid biopsy tests to provide oncologists with actionable insights to more effectively treat patients in a faster amount of time,” said Helmy Eltoukhy, Guardant Health chairman and co-CEO. “Guardant’s Smart Platform, an AI-enabled multiomic technology platform behind our next generation of cancer tests, is fueling the entire portfolio and supporting new clinical applications across the cancer care continuum.”
Key Guardant Health and collaborator presentations at ASCO 2026
Presentation
Title
Time / Location
8502
Lorlatinib vs crizotinib as first-line treatment for advanced ALK+ non-small cell lung cancer: 7-year update from the phase 3 CROWN study
May 29, 2026 / 1:00 - 4:00 PM CDT
3525 / 279
A deep learning approach to quantify tumor microenvironment features associated with postoperative ctDNA status and outcomes in a phase III FOLFOX-based adjuvant colon cancer trial (N0147; Alliance)
May 30, 2026 / 9:00 AM - 12:00 PM CDT
3546 / 313
A multicenter single-arm phase II trial evaluating the safety and efficacy of panitumumab and irinotecan in NeoRAS wild-type metastatic colorectal cancer patients (C-PROWESS)
May 30, 2026 / 9:00 AM - 12:00 PM CDT
3572 / 339
Circulating tumor DNA (ctDNA) tumor fraction (TF) dynamics to refine progression-free survival and radiographic response during anti-EGFR rechallenge in metastatic colorectal cancer
May 30, 2026 / 9:00 AM - 12:00 PM CDT
3659 / 426
Evaluation of circulating tumor DNA (ctDNA) burden, detected mutations and clinical outcomes in metastatic colorectal cancer (mCRC) using real-world data (RWD)
May 30, 2026 / 9:00 AM - 12:00 PM CDT
4050 / 33
Molecular circulating tumor DNA (ctDNA) profiling from patients (pts) treated with zanidatamab + chemotherapy (CT) in first-line (1L) HER2-positive (HER2+) advanced or metastatic gastroesophageal adenocarcinoma (mGEA)
May 30, 2026 / 9:00 AM - 12:00 PM CDT
4159 / 142
First-line GemCis ± immunotherapy vs FGFR inhibition in ctDNA-detected FGFR2 fusion-positive advanced cholangiocarcinoma: a real-world analysis
May 30, 2026 / 9:00 AM - 12:00 PM CDT
4161 / 144
Real-world analysis of epigenomic molecular tumor-type prediction for biliary tract cancer in CUP
May 30, 2026 / 9:00 AM - 12:00 PM CDT
4238 / 221
Real-world outcomes in gastrointestinal cancer patients with targetable genomic alterations identified on serial liquid biopsy
May 30, 2026 / 9:00 AM - 12:00 PM CDT
3051 / 188
Tumor-of-origin prediction using methylation signals from plasma cell-free DNA (cfDNA): Real-world experience in Asia and the Middle East (AME)
May 30, 2026 / 1:30 - 4:30 PM CDT
3052 / 189
Tissue-free minimal residual disease evaluation and clinical utility in early breast cancer: a real-world study
May 30, 2026 / 1:30 - 4:30 PM CDT
3070 / 207
Cell-free DNA methylation profile-based fusion epigenotyping to enhance ALK fusion detection in NSCLC patients
May 30, 2026 / 1:30 - 4:30 PM CDT
3077 / 214
Analytical validation of a plasma-based cfDNA NGS assay (Guardant360 Liquid CDx) for comprehensive solid tumor profiling
May 30, 2026 / 1:30 - 4:30 PM CDT
3105 / 242
Phase II basket trial of brigatinib for ALK fusion–positive solid tumors: ALLBREAK trial (WJOG15221M)
May 30, 2026 / 1:30 - 4:30 PM CDT
1031 / 145
Concordance between liquid and tissue biopsy in participants with newly diagnosed recurrent breast cancer
June 1, 2026 / 1:30 - 4:30 PM CDT
1095 / 209
Liquid-based methylation profiling of molecular breast cancer subtypes (MBS) in hormone receptor positive (HR+) metastatic breast cancer (MBC) treated with CDK4/6 inhibitor (CDK4/6i)
June 1, 2026 / 1:30 - 4:30 PM CDT
The full abstracts for Guardant Health and a list of all abstracts being presented at ASCO 2026 can be found on the ASCO website.
About Guardant360® Liquid CDx
The largest FDA-approved liquid biopsy, Guardant360 Liquid CDx is the only FDA-approved liquid biopsy test integrating genomic and epigenomic data for comprehensive insights. Guardant360 Liquid CDx is approved as a companion diagnostic for multiple therapies in non-small cell lung cancer and colorectal cancer. It is also the only FDA-approved companion diagnostic for targeted therapy in advanced breast cancer patients with ESR1 mutations. The test is broadly covered by Medicare and commercial insurers, representing over 300 million lives.
About Guardant360 Liquid
Guardant360 Liquid is a blood-based test that analyzes tumor DNA fragments circulating in the blood (cfDNA) to identify genetic mutations in advanced solid tumors, helping oncologists find targeted therapies. It offers an alternative to tissue biopsies, providing comprehensive genomic profiling (CGP) to guide personalized treatment for a wide range of solid cancers including lung, breast, colorectal, and prostate cancer. Guardant360 Liquid is guideline-complete across all advanced solid tumors, and has been clinically validated in more than 1,500 publications and research abstracts.
About Guardant Reveal
Guardant Reveal is a tissue-free liquid biopsy test that detects minimal residual disease (MRD) and monitors recurrence in early-stage colorectal, breast, and lung cancers, helping oncologists guide treatment decisions. In addition to MRD detection, Reveal can be used for late-stage therapy response monitoring for patients with solid tumors. Guardant Reveal therapy response monitoring can be initiated at any time during a patient’s treatment journey, offering clinicians flexibility and actionable insights.
The first clinical-validation study of pan-cancer chemotherapy monitoring published in The Journal of Liquid Biopsyshowed that Guardant Reveal predicts long-term patient benefit up to 18 months earlier than standard clinical measures.
About Shield
Shield is a methylation partitioning cell-free DNA (mp-cfDNA) non-invasive, blood-based screening test that detects alterations associated with colorectal cancer in the blood. It is intended as a screening test for individuals at average risk for the disease, age 45 or older, and is not intended for individuals at high risk for colorectal cancer. The Shield test can be considered in a manner similar to guideline-recommended non-invasive CRC screening options and can be completed during any healthcare visit. A positive Shield result raises concern for the presence of colorectal cancer or advanced adenoma and the patient should be referred for colonoscopy evaluation.
About Guardant Health
Guardant Health is a leading precision oncology company focused on guarding wellness and giving every person more time free from cancer. Founded in 2012, Guardant is transforming patient care and accelerating new cancer therapies by providing critical insights into what drives disease through its advanced blood and tissue tests, real-world data and AI analytics. Guardant tests help improve outcomes across all stages of care, including screening to find cancer early, monitoring for recurrence in early-stage cancer, and treatment selection for patients with advanced cancer. For more information, visit guardanthealth.com and follow the company on LinkedIn, X (Twitter) and Facebook.
Guardant Health Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the potential utilities, values, benefits and advantages of Guardant Health’s liquid biopsy tests or assays, which involve risks and uncertainties that could cause the actual results to differ materially from the anticipated results and expectations expressed in these forward-looking statements. These statements are based on current expectations, forecasts and assumptions, and actual outcomes and results could differ materially from these statements due to a number of factors. These and additional risks and uncertainties that could affect Guardant Health’s financial and operating results and cause actual results to differ materially from those indicated by the forward-looking statements made in this press release include those discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and elsewhere in its Annual Report on Form 10-K for the year ended December 31, 2025 and in its other reports filed with or furnished to the Securities and Exchange Commission. The forward-looking statements in this press release are based on information available to Guardant Health as of the date hereof, and Guardant Health disclaims any obligation to update any forward-looking statements provided to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing Guardant Health’s views as of any date subsequent to the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260528810245/en/
Nes Ziona, Israel, June 01, 2026 (GLOBE NEWSWIRE) -- QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company") a company focused on advancing Additively Manufactured Electronics (“AME”) for quantum computing infrastructure, today announced that it received a purchase order from a Fortune 500 multinational company for an AME system and related materials. The customer is headquartered in the United States, and the AME system will be delivered to one of the customer’s sites outside the United States.
QTREX’s AME system is designed to provide the customer a unique capability that cannot be achieved through conventional technologies: the ability to create intricate structures with advanced materials and customized architectures in a single workflow. This capability is designed to enable higher complexity and a path toward applications where traditional manufacturing reaches its physical limits.
The order expands QTREX’s commercial AME footprint with a global enterprise customer and reinforces the Company’s position as an advanced AME platform for demanding technology environments and is expected to contribute to the Company’s upcoming financial results, further strengthening QTREX’s growing AME commercial activity.
"Conventional manufacturing is reaching its limits in advanced electronics," said Dagi Ben-Noon, CEO of QTREX. "Our AME platform provides capabilities that conventional technologies simply cannot replicate, and that advantage is most visible in quantum connectivity, where the density, materials integration and design freedom required for scale cannot be achieved any other way. Together with our recently announced orders, we are establishing a commercial revenue base that already exceeds the most recently reported annual revenues of certain publicly traded quantum computing companies.”
The Company is actively engaging with additional prospective tier-1 customers and expects to provide further updates as its AME commercial pipeline and quantum infrastructure programs continue to advance.
About QTREX Quantum
QTREX Quantum Ltd. (Nasdaq: QTEX) is a technology company focused on advanced connectivity and electronics manufacturing solutions for next-generation hardware markets. Following its acquisition of the AME platform, the Company is developing high-density, thermally optimized quantum connectivity solutions for dilution cryostats and advancing AME applications for defense, aerospace, missile, space, and other mission-critical environments. The Company also continues to advance its medical technology portfolio, including respiratory support and blood monitoring platforms, while actively working to monetize certain parts of the medical business. For more information, please visit: www.q-trex.com
Forward-Looking Statement Disclaimer
This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the benefits of its AME products, that the order expands its commercial AME footprint and reinforces its position as an advanced AME platform for demanding technology environments and further strengthening its growing AME commercial activity and that it is expected to contribute to the Company’s upcoming financial results, that its AME platform provides capabilities it believes conventional technologies simply cannot replicate, that advantage in its AME platform is most visible in quantum connectivity, that it is establishing a revenue base, that it is engaging with additional prospective tier-1 customers and that it expects to provide further updates as its AME commercial pipeline and quantum infrastructure programs continue to advance. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.
Company Contact
QTREX Quantum
Email: [email protected]
Phone: +972-9-9664485
Investor Relations Contact:
Arx Investor Relations
North American Equities Desk [email protected]
Nes Ziona, Israel, June 02, 2026 (GLOBE NEWSWIRE) -- QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company") a company focused on advancing Additively Manufactured Electronics (“AME”) for quantum computing infrastructure, today announced that Mr. Tal Parnas, Chairman of the Company’s Board of Directors, and Mr. Yoav Rozanovich, the Company’s Chief Business Officer, will be in Boston, Massachusetts during Quantum.Tech World 2026 on June 25–26, 2026, to present functional AME-based monolithic connectivity components engineered for quantum computing systems.
QTREX will conduct private, invitation-only meetings with industry leaders, research institutions and strategic partners in a dedicated meeting suite adjacent to the conference venue. Meetings will be scheduled in advance through Mr. Yoav Rozanovich.
The Company will present fabricated, functional monolithic connectivity components produced using its proprietary AME platform components, specifically engineered to address cryogenic interconnect challenges in superconducting quantum systems. These components demonstrate high-density signal routing, advanced dielectric materials integration and complex 3D architectures designed for scalable quantum hardware operating under extreme cryogenic conditions. QTREX is among a small number of companies worldwide with demonstrated capability to additively manufacture such components at this level of technical specification.
Quantum.Tech World 2026 is among the foremost global forums for the commercialization of quantum technologies, bringing together leading quantum hardware developers, systems integrators, enterprise adopters, government stakeholders and research institutions. QTREX’s participation reflects the Company’s position at the hardware frontier of quantum computing infrastructure, where the interconnect challenges that constrain scalability are now being addressed through physical, manufacturable components.
Industry participants and potential partners interested in scheduling a private meeting with QTREX during Quantum.Tech World 2026 may contact:
Mr. Yoav Rozanovich
Chief Business Officer, QTREX Quantum Ltd.
Email: [email protected]
About QTREX Quantum
QTREX Quantum Ltd. (Nasdaq: QTEX) is a technology company focused on advanced connectivity and electronics manufacturing solutions for next-generation hardware markets. Following its acquisition of the AME platform, the Company is developing high-density, thermally optimized quantum connectivity solutions for dilution cryostats and advancing AME applications for defense, aerospace, missile, space, and other mission-critical environments. The Company also continues to advance its medical technology portfolio, including respiratory support and blood monitoring platforms, while actively working to monetize certain parts of the medical business. For more information, please visit: www.q-trex.com
Forward-Looking Statement Disclaimer
This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the benefits and advantages of its products and that QTREX’s participation at Quantum.Tech World 2026 reflects the Company’s position at the hardware frontier of quantum computing infrastructure. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.
Company Contact
QTREX Quantum
Email: [email protected]
Phone: +972-9-9664485
Investor Relations Contact:
Arx Investor Relations
North American Equities Desk [email protected]
Hess Midstream Partners (HESM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Hess Midstream remains a "Strong Buy," offering an 8% yield and 5%+ distribution growth, with fair value seen near $45. HESM's revenue is protected by long-term, inflation-linked fee contracts and minimum volume commitments, mitigating commodity price risk through at least 2028. Lower capex and disciplined capital allocation are driving higher free cash flow, supporting both buybacks and leverage reduction toward 2.75x.
Hess Midstream LP (HESM) remains a Buy, demonstrating strong cash flow, resilient financials, and a sustainable, competitive yield despite macro uncertainty. HESM pivots from heavy CAPEX to capital returns, targeting 5% distribution growth through 2028, with recent buybacks and targeting leverage reduction below 2.5x Adj. EBITDA. Guidance calls for Adj. FCF to reach $850–900 million, growing 10% annually, supporting an 8.4% yield and 76% payout ratio by 2026.
Hess Midstream faces risk as its core Bakken acreage remains high-cost and lacks profitability. Both HESM and Chevron confirm Bakken production will remain flat at 200,000 BOED. The rig count is now down to three. The lack of production growth limits HESM's future prospects. Current dividend increases serve as a short-term distraction.
SG Americas Securities LLC cut its holdings in Hess Midstream Partners LP (NYSE:HESM – Free Report) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,608 shares of the company’s stock after selling 71,629 shares during the quarter. SG Americas Securities LLC’s holdings in Hess Midstream Partners were worth $1,263,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Diversified Trust Co. acquired a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $352,000. Penbrook Management LLC grew its position in shares of Hess Midstream Partners by 30.5% in the fourth quarter. Penbrook Management LLC now owns 30,055 shares of the company’s stock valued at $1,037,000 after purchasing an additional 7,025 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $249,000. Severin Investments LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter valued at approximately $301,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter valued at approximately $28,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.
Hess Midstream Partners Stock Performance Shares of HESM opened at $39.28 on Wednesday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 13.73 and a beta of 0.58. The company’s 50 day simple moving average is $38.10 and its 200 day simple moving average is $35.39. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $44.14.
Hess Midstream Partners (NYSE:HESM – Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $374.50 million for the quarter, compared to the consensus estimate of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. Hess Midstream Partners’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that Hess Midstream Partners LP will post 2.5 EPS for the current year.
Hess Midstream Partners Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.7641 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, February 5th. Hess Midstream Partners’s payout ratio is 106.64%.
Analysts Set New Price Targets Several analysts have recently commented on HESM shares. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company upped their price objective on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.71.
Check Out Our Latest Report on HESM
Hess Midstream Partners Company Profile (Free Report)
Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.
Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.
Featured Articles Five stocks we like better than Hess Midstream Partners Want to see what other hedge funds are holding HESM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hess Midstream Partners LP (NYSE:HESM – Free Report).
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Shares of Hess Midstream Partners LP (NYSE:HESM – Get Free Report) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.7143.
A number of equities research analysts recently commented on HESM shares. Wells Fargo & Company increased their target price on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Raymond James Financial cut shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd.
View Our Latest Research Report on Hess Midstream Partners
Hess Midstream Partners Price Performance Shares of HESM opened at $39.62 on Thursday. The company has a 50 day moving average price of $38.17 and a 200-day moving average price of $35.42. Hess Midstream Partners has a fifty-two week low of $31.63 and a fifty-two week high of $44.14. The stock has a market capitalization of $8.23 billion, a PE ratio of 13.85 and a beta of 0.58. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.85 and a current ratio of 0.85.
Hess Midstream Partners (NYSE:HESM – Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. The firm had revenue of $374.50 million during the quarter, compared to analysts’ expectations of $419.16 million. During the same quarter in the prior year, the company earned $0.68 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Hess Midstream Partners will post 2.5 earnings per share for the current fiscal year.
Hess Midstream Partners Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were given a dividend of $0.7641 per share. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 dividend on an annualized basis and a yield of 7.7%. Hess Midstream Partners’s dividend payout ratio is currently 106.99%.
Institutional Investors Weigh In On Hess Midstream Partners A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after buying an additional 300 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Hess Midstream Partners by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock worth $889,000 after buying an additional 330 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Hess Midstream Partners by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock worth $93,000 after buying an additional 333 shares during the last quarter. Investment Management Corp VA ADV raised its holdings in shares of Hess Midstream Partners by 3.0% in the fourth quarter. Investment Management Corp VA ADV now owns 12,519 shares of the company’s stock worth $432,000 after buying an additional 362 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Hess Midstream Partners by 0.8% in the fourth quarter. Cetera Investment Advisers now owns 44,931 shares of the company’s stock worth $1,550,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.
Hess Midstream Partners Company Profile (Get Free Report)
Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.
Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.
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Eagle Global Advisors LLC trimmed its holdings in shares of Hess Midstream Partners LP (NYSE: HESM) by 10.8% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,672,776 shares of the company's stock after selling 202,710 shares during
