Core-Mark Holding Company, Inc. (CORE) Updates FY17 Earnings Guidance
Core-Mark Holding Company, Inc. (NASDAQ:CORE) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.20-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $15.6-15.8 billion, compared to the consensus revenue estimate of $16.24 billion.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Core-Mark Holding from a hold rating to a strong-buy rating and set a $42.00 price objective for the company in a research note on Friday. ValuEngine lowered shares of Core-Mark Holding from a hold rating to a sell rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Core-Mark Holding from a sell rating to a hold rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a hold rating on shares of Core-Mark Holding in a research report on Friday, June 23rd. Finally, Loop Capital reissued a buy rating and set a $40.00 target price on shares of Core-Mark Holding in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $41.00.
Core-Mark Holding Company, Inc. (NASDAQ CORE) opened at 31.94 on Tuesday. Core-Mark Holding Company, Inc. has a 52-week low of $30.00 and a 52-week high of $48.27. The firm’s 50-day moving average is $34.87 and its 200-day moving average is $34.11. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 29.22 and a beta of 0.87.
Core-Mark Holding (NASDAQ:CORE) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.12. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.96 billion. Core-Mark Holding had a net margin of 0.34% and a return on equity of 11.42%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts forecast that Core-Mark Holding Company, Inc. will post $1.48 EPS for the current fiscal year.
In other Core-Mark Holding news, insider Eric Rolheiser sold 11,470 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.10, for a total value of $402,597.00. Following the completion of the sale, the insider now owns 5,016 shares in the company, valued at $176,061.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William Stein sold 7,500 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $35.91, for a total transaction of $269,325.00. Following the completion of the sale, the vice president now owns 73,402 shares of the company’s stock, valued at approximately $2,635,865.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,970 shares of company stock valued at $1,435,622. Corporate insiders own 2.50% of the company’s stock.
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About Core-Mark Holding
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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