Media coverage about Core-Mark Holding Company (NASDAQ:CORE) has trended somewhat positive recently, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Core-Mark Holding Company earned a media sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave press coverage about the business services provider an impact score of 44 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Alpha One Sentiment’s scoring:
- Core-Mark Holding Co., Inc. breached its 50 day moving average in a Bearish Manner : CORE-US : June 19, 2017 (finance.yahoo.com)
- CORE MARK : Submission of Matters to a Vote of Security Holders (form 8-K/A) (4-traders.com)
- Core-Mark Holding Company, Inc. (NASDAQ:CORE) Trading Down – Short interest grew by 6.85% (highlightpress.com)
- Core-Mark to Webcast Presentation from Jefferies 2017 Consumer Conference (finance.yahoo.com)
- Core-Mark to Webcast Presentation from Oppenheimer 17th Annual Consumer Conference (finance.yahoo.com)
Core-Mark Holding Company (NASDAQ CORE) traded down 0.58% during trading on Monday, hitting $34.20. 274,205 shares of the stock were exchanged. Core-Mark Holding Company has a one year low of $30.00 and a one year high of $50.00. The stock’s 50 day moving average is $35.10 and its 200-day moving average is $35.53. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 31.29 and a beta of 0.89.
Core-Mark Holding Company (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.39 billion. Core-Mark Holding Company had a net margin of 0.34% and a return on equity of 11.42%. Core-Mark Holding Company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. On average, equities research analysts expect that Core-Mark Holding Company will post $1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, May 25th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, May 23rd. Core-Mark Holding Company’s payout ratio is currently 32.73%.
CORE has been the topic of several recent research reports. Jefferies Group LLC dropped their price objective on shares of Core-Mark Holding Company from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, March 2nd. TheStreet cut shares of Core-Mark Holding Company from a “b” rating to a “c+” rating in a research note on Wednesday, March 8th. Raymond James Financial, Inc. raised shares of Core-Mark Holding Company from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of Core-Mark Holding Company from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Loop Capital started coverage on shares of Core-Mark Holding Company in a research note on Monday, May 15th. They set a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Core-Mark Holding Company has a consensus rating of “Hold” and a consensus target price of $42.20.
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In related news, VP William Stein sold 7,500 shares of Core-Mark Holding Company stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $35.91, for a total transaction of $269,325.00. Following the transaction, the vice president now directly owns 73,402 shares of the company’s stock, valued at $2,635,865.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eric Rolheiser sold 11,470 shares of Core-Mark Holding Company stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.10, for a total value of $402,597.00. Following the transaction, the insider now directly owns 5,016 shares in the company, valued at $176,061.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,970 shares of company stock worth $1,435,622. 2.50% of the stock is owned by corporate insiders.
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.
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