William Blair Comments on Core-Mark Holding Company, Inc.’s FY2017 Earnings (CORE)

Core-Mark Holding Company, Inc. (NASDAQ:CORE) – Stock analysts at William Blair issued their FY2017 earnings per share (EPS) estimates for Core-Mark in a note issued to investors on Wednesday, Zacks Investment Research reports. William Blair analyst R. Domyancic forecasts that the business services provider will post earnings of $1.20 per share for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Core-Mark’s Q4 2017 earnings at $0.51 EPS and FY2018 earnings at $1.41 EPS.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%.

Several other brokerages have also recently issued reports on CORE. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, October 30th. UBS Group raised Core-Mark from an “outperform” rating to a “strong-buy” rating in a research report on Friday, January 5th. Raymond James Financial raised Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, January 5th. BMO Capital Markets assumed coverage on Core-Mark in a research report on Friday, January 5th. They set a “market perform” rating and a $33.00 target price on the stock. Finally, BidaskClub cut Core-Mark from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.50.

Shares of Core-Mark (NASDAQ CORE) traded up $0.03 during midday trading on Monday, reaching $22.09. The company’s stock had a trading volume of 292,234 shares, compared to its average volume of 420,216. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.12. The company has a market cap of $1,020.00, a PE ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.95. Core-Mark has a 1-year low of $21.98 and a 1-year high of $38.37.

Several institutional investors have recently bought and sold shares of CORE. Sei Investments Co. boosted its position in shares of Core-Mark by 48.2% in the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock worth $191,000 after purchasing an additional 1,887 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Core-Mark by 9.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,331 shares of the business services provider’s stock worth $9,103,000 after purchasing an additional 22,875 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Core-Mark by 90.7% in the 2nd quarter. First Trust Advisors LP now owns 23,195 shares of the business services provider’s stock worth $767,000 after purchasing an additional 11,034 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Core-Mark by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 915,343 shares of the business services provider’s stock worth $30,261,000 after purchasing an additional 164,118 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Core-Mark by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 129,887 shares of the business services provider’s stock worth $4,292,000 after purchasing an additional 7,358 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: “William Blair Comments on Core-Mark Holding Company, Inc.’s FY2017 Earnings (CORE)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/31/core-mark-holding-company-inc-to-post-fy2017-earnings-of-1-20-per-share-william-blair-forecasts-core.html.

Core-Mark Company Profile

Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.

Get a free copy of the Zacks research report on Core-Mark (CORE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Core-Mark (NASDAQ:CORE)

Receive News & Ratings for Core-Mark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply