Equities research analysts expect that Core-Mark (NASDAQ:CORE) will post earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Core-Mark’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.00. Core-Mark reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year over year growth rate of 72.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Core-Mark will report full-year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.26. For the next year, analysts anticipate that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.33 to $1.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Core-Mark.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Thursday, March 1st. The business services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. Core-Mark had a return on equity of 8.84% and a net margin of 0.21%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the company earned $0.45 EPS. The company’s revenue was up 6.1% on a year-over-year basis.
A number of equities research analysts have weighed in on the company. UBS raised Core-Mark from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 5th. BMO Capital Markets assumed coverage on Core-Mark in a report on Friday, January 5th. They issued a “market perform” rating and a $33.00 target price on the stock. Raymond James raised Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, January 5th. William Blair assumed coverage on Core-Mark in a report on Wednesday, January 3rd. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research raised Core-Mark from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Core-Mark presently has an average rating of “Hold” and a consensus price target of $28.17.
In other Core-Mark news, insider Eric Rolheiser sold 6,471 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $22.50, for a total value of $145,597.50. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors boosted its holdings in shares of Core-Mark by 2.7% during the 3rd quarter. Nationwide Fund Advisors now owns 58,776 shares of the business services provider’s stock valued at $1,889,000 after acquiring an additional 1,549 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Core-Mark during the 3rd quarter valued at $117,000. American International Group Inc. boosted its holdings in shares of Core-Mark by 5.7% during the 3rd quarter. American International Group Inc. now owns 36,211 shares of the business services provider’s stock valued at $1,164,000 after acquiring an additional 1,959 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Core-Mark by 6.1% during the 3rd quarter. Legal & General Group Plc now owns 137,785 shares of the business services provider’s stock valued at $4,429,000 after acquiring an additional 7,898 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Core-Mark by 54.1% during the 3rd quarter. Wells Fargo & Company MN now owns 69,608 shares of the business services provider’s stock valued at $2,237,000 after acquiring an additional 24,435 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.
Core-Mark stock traded down $0.10 during mid-day trading on Friday, reaching $21.12. 263,557 shares of the company were exchanged, compared to its average volume of 229,339. Core-Mark has a 12 month low of $19.53 and a 12 month high of $38.37. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.13 and a quick ratio of 1.06. The firm has a market cap of $979.35, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.62 and a beta of 0.59.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, March 9th. Core-Mark’s dividend payout ratio is presently 40.00%.
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Core-Mark Company Profile
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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