Equities analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will report $4.04 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Core-Mark’s earnings, with estimates ranging from $4.02 billion to $4.07 billion. Core-Mark reported sales of $4.07 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.7%. The firm is expected to announce its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Core-Mark will report full-year sales of $16.35 billion for the current fiscal year, with estimates ranging from $16.32 billion to $16.38 billion. For the next year, analysts anticipate that the company will post sales of $16.94 billion, with estimates ranging from $16.77 billion to $17.12 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Core-Mark.

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

A number of research firms have recently commented on CORE. ValuEngine raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. TheStreet upgraded Core-Mark from a “c” rating to a “b-” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded Core-Mark from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, August 15th. Loop Capital boosted their price target on Core-Mark to $41.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $30.00 price target (up from $21.00) on shares of Core-Mark in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.67.

Shares of NASDAQ:CORE traded down $0.08 on Friday, hitting $27.77. 3,042 shares of the company were exchanged, compared to its average volume of 420,763. Core-Mark has a 1-year low of $17.10 and a 1-year high of $40.12. The company has a current ratio of 1.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.27 billion, a P/E ratio of 27.72, a PEG ratio of 1.58 and a beta of 0.57.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 20th will be given a $0.11 dividend. The ex-dividend date is Monday, November 19th. This is a boost from Core-Mark’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.58%. Core-Mark’s dividend payout ratio is 40.00%.

In other news, VP Christopher Hobson sold 5,812 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were 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 owns 55,355 shares of the company’s stock, valued at $1,701,059.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in shares of Core-Mark in the third quarter valued at $215,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Core-Mark in the 2nd quarter valued at about $222,000. Franklin Resources Inc. acquired a new position in shares of Core-Mark in the 3rd quarter valued at about $223,000. Virginia Retirement Systems ET AL acquired a new position in shares of Core-Mark in the 3rd quarter valued at about $224,000. Finally, Virtu Financial LLC acquired a new position in shares of Core-Mark in the 3rd quarter valued at about $242,000. 93.24% of the stock is owned by institutional investors and hedge funds.

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.

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

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