Analysts Expect Core-Mark Holding Company, Inc. (CORE) to Announce $0.07 EPS

Analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will post $0.07 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Core-Mark’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.08. Core-Mark also posted earnings per share of $0.07 during the same quarter last year. The firm is expected to announce its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Core-Mark will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.56. For the next fiscal year, analysts expect that the firm will report earnings of $1.70 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Core-Mark.

Core-Mark (NASDAQ:CORE) last issued its quarterly earnings data on Friday, March 1st. The business services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Core-Mark had a net margin of 0.28% and a return on equity of 11.58%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up .4% on a year-over-year basis.



Several research firms recently weighed in on CORE. Sidoti lowered Core-Mark from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Tuesday, January 15th. ValuEngine lowered Core-Mark from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Loop Capital reduced their target price on Core-Mark to $35.00 and set a “buy” rating for the company in a report on Friday, December 28th. BidaskClub lowered Core-Mark from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, BMO Capital Markets boosted their target price on Core-Mark to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Core-Mark presently has an average rating of “Buy” and a consensus price target of $38.00.

NASDAQ CORE traded down $0.48 on Friday, hitting $36.55. 5,774 shares of the company were exchanged, compared to its average volume of 315,262. The company has a current ratio of 1.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.74 billion, a PE ratio of 26.29, a PEG ratio of 1.87 and a beta of 0.83. Core-Mark has a twelve month low of $17.10 and a twelve month high of $40.12.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Tuesday, March 12th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $0.44 annualized dividend and a yield of 1.20%. Core-Mark’s dividend payout ratio (DPR) is currently 31.65%.

In other news, CFO Christopher M. Miller sold 2,678 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $24.74, for a total transaction of $66,253.72. Following the completion of the transaction, the chief financial officer now directly owns 18,337 shares in the company, valued at $453,657.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christopher M. Miller sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.57, for a total value of $93,925.00. Following the transaction, the chief financial officer now owns 33,570 shares of the company’s stock, valued at $1,261,224.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,228 shares of company stock valued at $772,104. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in shares of Core-Mark by 133.4% during the fourth quarter. FNY Investment Advisers LLC now owns 1,480 shares of the business services provider’s stock worth $34,000 after buying an additional 846 shares during the last quarter. Advisor Group Inc. lifted its stake in Core-Mark by 32.0% in the 4th quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock worth $51,000 after purchasing an additional 529 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Core-Mark in the 4th quarter worth $61,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Core-Mark by 20.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,199 shares of the business services provider’s stock worth $74,000 after purchasing an additional 534 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Core-Mark in the 3rd quarter worth $215,000. Institutional investors own 93.03% of the company’s stock.

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.

See Also: What Are Cryptocurrencies?

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.