Core-Mark Holding Company, Inc. (NASDAQ:CORE) issued its quarterly earnings data on Tuesday. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.11, Bloomberg Earnings reports. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.96 billion. Core-Mark Holding had a return on equity of 11.42% and a net margin of 0.34%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Core-Mark Holding updated its FY17 guidance to $1.20-1.27 EPS.

Core-Mark Holding (NASDAQ:CORE) traded down 4.3965% during midday trading on Wednesday, hitting $28.6428. 315,553 shares of the stock were exchanged. The firm has a market capitalization of $1.33 billion, a P/E ratio of 26.2057 and a beta of 0.87. Core-Mark Holding has a 1-year low of $28.43 and a 1-year high of $48.27. The firm’s 50-day moving average price is $34.92 and its 200 day moving average price is $34.16.

CORE has been the subject of several research reports. Jefferies Group LLC restated a “hold” rating on shares of Core-Mark Holding in a research report on Friday, June 23rd. Zacks Investment Research upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded shares of Core-Mark Holding from an “outperform” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, April 18th. ValuEngine downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $40.80.

In other Core-Mark Holding news, VP William Stein sold 7,500 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $35.91, for a total value of $269,325.00. Following the sale, the vice president now directly owns 73,402 shares in the company, valued at approximately $2,635,865.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas B. Perkins sold 12,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $34.20, for a total transaction of $410,400.00. Following the completion of the sale, the insider now owns 190,666 shares in the company, valued at $6,520,777.20. The disclosure for this sale can be found here. Insiders sold a total of 40,970 shares of company stock worth $1,435,622 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of CORE. Stephens Inc. AR boosted its stake in Core-Mark Holding by 0.4% in the first quarter. Stephens Inc. AR now owns 10,250 shares of the business services provider’s stock valued at $320,000 after buying an additional 38 shares during the period. State of Alaska Department of Revenue raised its position in 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 in the last quarter. Arizona State Retirement System raised its position in Core-Mark Holding by 0.4% in the second quarter. Arizona State Retirement System now owns 24,200 shares of the business services provider’s stock valued at $800,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its position in Core-Mark Holding by 0.8% in the second quarter. Texas Permanent School Fund now owns 33,817 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 284 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Core-Mark Holding by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the business services provider’s stock valued at $589,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.

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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.

Earnings History for Core-Mark Holding (NASDAQ:CORE)

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