Wall Street analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will report sales of $4.33 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Core-Mark's earnings, with the highest sales estimate coming in at $4.37 billion and the lowest estimate coming in at $4.30 billion. Core-Mark reported sales of $4.42 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 5th.
According to Zacks, analysts expect that Core-Mark will report full year sales of $16.65 billion for the current year, with estimates ranging from $16.64 billion to $16.66 billion. For the next fiscal year, analysts expect that the firm will post sales of $17.19 billion, with estimates ranging from $16.94 billion to $17.43 billion. Zacks' sales averages are an average based on a survey of research firms that that provide coverage for Core-Mark.
Core-Mark (NASDAQ:CORE) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.22. The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.09 billion. Core-Mark had a net margin of 0.36% and a return on equity of 13.85%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share.
A number of research analysts recently issued reports on the stock. Raymond James lifted their price objective on shares of Core-Mark from $31.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. ValuEngine cut shares of Core-Mark from a "hold" rating to a "sell" rating in a research note on Friday, October 2nd. BidaskClub cut shares of Core-Mark from a "hold" rating to a "sell" rating in a research note on Wednesday, October 14th. TheStreet raised shares of Core-Mark from a "c+" rating to a "b" rating in a research note on Friday, August 14th. Finally, Zacks Investment Research raised shares of Core-Mark from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of "Hold" and an average price target of $32.75.
Shares of NASDAQ:CORE opened at $28.82 on Monday. The company's 50 day simple moving average is $30.02 and its 200 day simple moving average is $28.18. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 22.00 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.63 and a quick ratio of 0.88. Core-Mark has a 1 year low of $20.93 and a 1 year high of $34.42.
In related news, SVP Alan T. Thomas sold 1,625 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $33.93, for a total value of $55,136.25. Following the transaction, the senior vice president now owns 19,768 shares in the company, valued at $670,728.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CORE. First Trust Advisors LP boosted its stake in Core-Mark by 153.5% in the first quarter. First Trust Advisors LP now owns 33,275 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 20,147 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Core-Mark by 5.4% in the first quarter. Wells Fargo & Company MN now owns 96,711 shares of the business services provider's stock worth $2,763,000 after acquiring an additional 4,975 shares during the period. Advisor Group Holdings Inc. bought a new stake in Core-Mark during the first quarter valued at approximately $213,000. FDx Advisors Inc. bought a new stake in Core-Mark during the first quarter valued at approximately $224,000. Finally, State of Tennessee Treasury Department grew its position in Core-Mark by 40.7% during the first quarter. State of Tennessee Treasury Department now owns 28,835 shares of the business services provider's stock valued at $824,000 after buying an additional 8,347 shares during the period. 91.63% of the stock is owned by hedge funds and other institutional investors.
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.
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