Core-Mark Holding Company (CORE) Earning Somewhat Favorable Media Coverage, Report Shows

News articles about Core-Mark Holding Company (NASDAQ:CORE) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Core-Mark Holding Company earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 44 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s rankings:

Core-Mark Holding Company (CORE) traded up 1.32% during midday trading on Friday, hitting $32.22. The stock had a trading volume of 194,062 shares. The stock’s 50 day moving average price is $34.49 and its 200-day moving average price is $35.24. Core-Mark Holding Company has a 52 week low of $30.00 and a 52 week high of $50.00. The company has a market cap of $1.49 billion, a PE ratio of 29.48 and a beta of 0.85.

Core-Mark Holding Company (NASDAQ:CORE) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.08. Core-Mark Holding Company had a net margin of 0.34% and a return on equity of 11.42%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that Core-Mark Holding Company will post $1.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, May 25th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $0.36 annualized dividend and a yield of 1.12%. Core-Mark Holding Company’s payout ratio is 32.73%.

A number of research analysts have weighed in on the company. BidaskClub raised Core-Mark Holding Company from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating on shares of Core-Mark Holding Company in a research report on Friday, June 23rd. Loop Capital started coverage on Core-Mark Holding Company in a research report on Monday, May 15th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research lowered Core-Mark Holding Company from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating on shares of Core-Mark Holding Company in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.20.

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In other news, VP William Stein sold 7,500 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 73,402 shares in the company, valued at approximately $2,635,865.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas B. Perkins sold 12,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,970 shares of company stock worth $1,435,622. Corporate insiders own 2.40% of the company’s stock.

About Core-Mark Holding Company

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.

Insider Buying and Selling by Quarter for Core-Mark Holding Company (NASDAQ:CORE)

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