Core-Mark (CORE) Updates FY17 Earnings Guidance
Core-Mark (NASDAQ:CORE) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.94-1.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.19. The company issued revenue guidance of $15.7 billion, compared to the consensus revenue estimate of $15.77 billion.Core-Mark also updated its FY18 guidance to $1.13-1.29 EPS.
Core-Mark (CORE) opened at $31.41 on Friday. Core-Mark has a 52 week low of $26.08 and a 52 week high of $43.94. The stock has a market cap of $1,460.00, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Core-Mark had a net margin of 0.27% and a return on equity of 9.90%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.29 billion. equities research analysts predict that Core-Mark will post 1.19 EPS for the current year.
CORE has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Core-Mark from a strong sell rating to a hold rating in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a hold rating and issued a $32.00 price objective on shares of Core-Mark in a research note on Friday, November 10th. BidaskClub cut shares of Core-Mark from a hold rating to a sell rating in a research note on Friday, December 22nd. William Blair initiated coverage on shares of Core-Mark in a research note on Wednesday. They issued an outperform rating on the stock. Finally, BMO Capital Markets initiated coverage on shares of Core-Mark in a research report on Friday. They set a market perform rating and a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Core-Mark presently has a consensus rating of Hold and a consensus price target of $37.83.
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.
Receive News & Ratings for Core-Mark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark and related companies with MarketBeat.com's FREE daily email newsletter.