Equities analysts expect Core-Mark (NASDAQ:CORE) to post earnings of $0.27 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Core-Mark’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.24. Core-Mark posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 14th.
On average, 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 expect that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.33 to $1.37. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Core-Mark.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. Core-Mark had a net margin of 0.19% and a return on equity of 8.47%. Core-Mark’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share.
A number of research firms have commented on CORE. BidaskClub lowered shares of Core-Mark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 9th. BMO Capital Markets dropped their price target on shares of Core-Mark from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, May 9th. ValuEngine downgraded shares of Core-Mark from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Core-Mark from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Stephens set a $23.00 price target on shares of Core-Mark and gave the company a “hold” rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Core-Mark presently has a consensus rating of “Hold” and a consensus target price of $27.83.
NASDAQ CORE opened at $18.45 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $853.85 million, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. Core-Mark has a one year low of $17.10 and a one year high of $38.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, May 23rd. Core-Mark’s dividend payout ratio (DPR) is presently 40.00%.
In related news, insider Eric Rolheiser sold 6,471 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $22.50, for a total transaction of $145,597.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CORE. Cubist Systematic Strategies LLC purchased a new position in shares of Core-Mark during the first quarter valued at approximately $249,000. Aperio Group LLC lifted its stake in shares of Core-Mark by 63.1% during the first quarter. Aperio Group LLC now owns 12,868 shares of the business services provider’s stock valued at $274,000 after buying an additional 4,979 shares during the period. Parametrica Management Ltd purchased a new position in shares of Core-Mark during the fourth quarter valued at approximately $281,000. Barclays PLC lifted its stake in shares of Core-Mark by 47.0% during the first quarter. Barclays PLC now owns 14,285 shares of the business services provider’s stock valued at $303,000 after buying an additional 4,569 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Core-Mark by 318.1% during the first quarter. Victory Capital Management Inc. now owns 20,469 shares of the business services provider’s stock valued at $435,000 after buying an additional 15,573 shares during the period. 96.28% of the stock is currently owned by institutional investors and hedge funds.
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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