Core-Mark Holding Company, Inc. (CORE) to Post Q1 2018 Earnings of $0.05 Per Share, William Blair Forecasts
Core-Mark Holding Company, Inc. (NASDAQ:CORE) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Core-Mark in a research report issued on Thursday. William Blair analyst R. Domyancic expects that the business services provider will post earnings of $0.05 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Core-Mark’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.43 EPS and FY2019 earnings at $1.36 EPS.
CORE has been the subject of a number of other reports. Zacks Investment Research lowered Core-Mark from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Loop Capital set a $31.00 price target on Core-Mark and gave the company a “buy” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Stephens set a $25.00 price target on Core-Mark and gave the company a “hold” rating in a research note on Wednesday, January 10th. UBS Group raised Core-Mark from an “outperform” rating to a “strong-buy” rating in a research note on Friday, January 5th. Finally, BidaskClub lowered Core-Mark from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.17.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings results on Thursday, March 1st. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Core-Mark had a return on equity of 8.94% and a net margin of 0.21%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Core-Mark by 2.5% in the 4th quarter. BlackRock Inc. now owns 5,810,169 shares of the business services provider’s stock valued at $183,485,000 after purchasing an additional 144,004 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Core-Mark by 1.4% in the 3rd quarter. Brown Advisory Inc. now owns 2,311,394 shares of the business services provider’s stock valued at $74,288,000 after purchasing an additional 31,689 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Core-Mark by 36.9% in the 4th quarter. Royce & Associates LP now owns 1,101,102 shares of the business services provider’s stock valued at $34,773,000 after purchasing an additional 296,580 shares during the last quarter. State Street Corp lifted its stake in shares of Core-Mark by 4.1% in the 2nd quarter. State Street Corp now owns 1,097,819 shares of the business services provider’s stock valued at $36,293,000 after purchasing an additional 43,605 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Core-Mark by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 1,036,747 shares of the business services provider’s stock valued at $33,321,000 after purchasing an additional 66,418 shares during the last quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, March 9th. Core-Mark’s payout ratio is 97.56%.
COPYRIGHT VIOLATION NOTICE: “Core-Mark Holding Company, Inc. (CORE) to Post Q1 2018 Earnings of $0.05 Per Share, William Blair Forecasts” was originally published by Daily Political and is owned by of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.dailypolitical.com/2018/03/04/core-mark-holding-company-inc-core-to-post-q1-2018-earnings-of-0-05-per-share-william-blair-forecasts.html.
Core-Mark 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.
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.