Equities analysts expect Core-Mark Holding Company, Inc. (NASDAQ:CORE) to post $0.30 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Core-Mark’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.28. Core-Mark posted earnings per share of $0.33 during the same quarter last year, which indicates a negative year over year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Core-Mark will report full year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.26 to $1.38. For the next fiscal year, analysts anticipate that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Core-Mark.

Core-Mark (NASDAQ:CORE) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.17. Core-Mark had a return on equity of 11.58% and a net margin of 0.27%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $0.37 EPS. The business’s revenue was down .9% on a year-over-year basis.

Several brokerages have weighed in on CORE. Zacks Investment Research upgraded Core-Mark from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, November 8th. BidaskClub cut Core-Mark from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective (up from $21.00) on shares of Core-Mark in a research note on Wednesday, August 8th. ValuEngine upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, TheStreet upgraded Core-Mark from a “c” rating to a “b-” rating in a research note on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.67.

In other news, VP Christopher Hobson sold 5,812 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $30.73, for a total transaction of $178,602.76. Following the completion of the sale, the vice president now directly owns 55,355 shares of the company’s stock, valued at approximately $1,701,059.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in CORE. Victory Capital Management Inc. increased its position in shares of Core-Mark by 6,293.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,334,925 shares of the business services provider’s stock valued at $45,334,000 after purchasing an additional 1,314,045 shares during the last quarter. Millennium Management LLC increased its position in shares of Core-Mark by 650.3% during the 2nd quarter. Millennium Management LLC now owns 731,267 shares of the business services provider’s stock valued at $16,600,000 after purchasing an additional 633,806 shares during the last quarter. BlackRock Inc. increased its position in shares of Core-Mark by 10.3% during the 2nd quarter. BlackRock Inc. now owns 6,504,225 shares of the business services provider’s stock valued at $147,646,000 after purchasing an additional 609,424 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Core-Mark by 18.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,579,930 shares of the business services provider’s stock valued at $58,565,000 after purchasing an additional 405,500 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Core-Mark by 483.1% during the 3rd quarter. Prudential Financial Inc. now owns 477,453 shares of the business services provider’s stock valued at $16,214,000 after purchasing an additional 395,565 shares during the last quarter. 96.33% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CORE traded down $0.33 during trading hours on Wednesday, hitting $28.14. 476,000 shares of the company traded hands, compared to its average volume of 396,490. The company has a current ratio of 1.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. Core-Mark has a one year low of $17.10 and a one year high of $40.12. The stock has a market cap of $1.31 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.57.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, November 19th. This is a positive change from Core-Mark’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. Core-Mark’s dividend payout ratio (DPR) is currently 40.00%.

About Core-Mark

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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Earnings History and Estimates for Core-Mark (NASDAQ:CORE)

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