Analysts Expect Core-Mark Holding Company, Inc. (NASDAQ:CORE) to Announce $0.39 EPS

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Equities research analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will report $0.39 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Core-Mark’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.38. Core-Mark posted earnings of $0.34 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The company is expected to announce its next earnings report on Friday, March 6th.

On average, analysts expect that Core-Mark will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.63 to $1.65. For the next financial year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.66 to $1.81. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Core-Mark.

Several brokerages have weighed in on CORE. Jefferies Financial Group upgraded shares of Core-Mark from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $29.00 to $28.00 in a research note on Monday, February 10th. Raymond James dropped their target price on shares of Core-Mark from $42.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. TheStreet cut shares of Core-Mark from a “b-” rating to a “c+” rating in a research report on Tuesday, December 3rd. Zacks Investment Research cut shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, ValuEngine upgraded shares of Core-Mark from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Core-Mark currently has a consensus rating of “Hold” and an average target price of $33.00.

Shares of Core-Mark stock opened at $23.75 on Friday. Core-Mark has a twelve month low of $23.10 and a twelve month high of $40.95. The company has a quick ratio of 0.88, a current ratio of 2.04 and a debt-to-equity ratio of 1.21. The company has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $28.77. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.84.

In other news, CFO Christopher M. Miller sold 3,436 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $26.22, for a total value of $90,091.92. Following the completion of the transaction, the chief financial officer now directly owns 28,366 shares in the company, valued at approximately $743,756.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CORE. Victory Capital Management Inc. raised its position in shares of Core-Mark by 45.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,399,053 shares of the business services provider’s stock valued at $79,674,000 after buying an additional 1,054,117 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Core-Mark during the 4th quarter valued at approximately $18,772,000. Advisory Research Inc. grew its holdings in shares of Core-Mark by 46.4% during the 4th quarter. Advisory Research Inc. now owns 1,991,486 shares of the business services provider’s stock valued at $54,149,000 after purchasing an additional 631,629 shares during the last quarter. Comerica Bank grew its holdings in shares of Core-Mark by 43.3% during the 4th quarter. Comerica Bank now owns 498,826 shares of the business services provider’s stock valued at $12,037,000 after purchasing an additional 150,682 shares during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Core-Mark by 56.2% during the 4th quarter. Natixis Advisors L.P. now owns 306,948 shares of the business services provider’s stock valued at $8,346,000 after purchasing an additional 110,442 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.

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 food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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