Brokerages expect Core-Mark Holding Company, Inc. (NASDAQ:CORE) to announce earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Core-Mark Holding’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Core-Mark Holding reported earnings per share of $0.39 in the same quarter last year, which would suggest a negative year over year growth rate of 20.5%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Core-Mark Holding will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.47. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.52 to $1.71. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Core-Mark Holding.
Core-Mark Holding (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Core-Mark Holding had a net margin of 0.34% and a return on equity of 11.42%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year.
CORE has been the topic of a number of research analyst reports. BidaskClub lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Friday. Jefferies Group LLC set a $35.00 target price on Core-Mark Holding and gave the stock a “hold” rating in a report on Monday, May 8th. Loop Capital initiated coverage on Core-Mark Holding in a report on Monday, May 15th. They set a “buy” rating and a $40.00 target price for the company. Finally, Raymond James Financial, Inc. raised Core-Mark Holding from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.00.
In other news, VP William Stein sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $35.91, for a total transaction of $269,325.00. Following the completion of the transaction, the vice president now directly owns 73,402 shares of the company’s stock, valued at approximately $2,635,865.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas B. Perkins sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $34.20, for a total value of $410,400.00. Following the transaction, the insider now directly owns 190,666 shares of the company’s stock, valued at $6,520,777.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,970 shares of company stock valued at $1,435,622. Corporate insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its position in shares of Core-Mark Holding by 30.6% in the first quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock valued at $107,000 after buying an additional 802 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Core-Mark Holding by 65.1% in the first quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,503 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Core-Mark Holding by 550.9% in the first quarter. Quantbot Technologies LP now owns 3,821 shares of the business services provider’s stock valued at $119,000 after buying an additional 3,234 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Core-Mark Holding during the first quarter valued at $123,000. Finally, State of Alaska Department of Revenue increased its position in shares of Core-Mark Holding by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock valued at $159,000 after buying an additional 100 shares during the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.
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Shares of Core-Mark Holding (CORE) opened at 35.92 on Tuesday. Core-Mark Holding has a 12 month low of $30.00 and a 12 month high of $48.27. The company’s 50-day moving average is $34.87 and its 200 day moving average is $34.11. The stock has a market capitalization of $1.66 billion, a P/E ratio of 32.86 and a beta of 0.87.
Core-Mark Holding 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.
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