Analysts forecast that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will post $4.11 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Core-Mark’s earnings, with the highest sales estimate coming in at $4.13 billion and the lowest estimate coming in at $4.09 billion. Core-Mark posted sales of $3.84 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to report its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Core-Mark will report full year sales of $4.11 billion for the current year, with estimates ranging from $15.71 billion to $15.75 billion. For the next year, analysts expect that the company will report sales of $16.66 billion per share, with estimates ranging from $16.64 billion to $16.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Core-Mark.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.04). Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.29 billion.
A number of hedge funds and other institutional investors have recently bought and sold shares of CORE. Teachers Advisors LLC increased its stake in Core-Mark by 2.6% in the second quarter. Teachers Advisors LLC now owns 82,491 shares of the business services provider’s stock valued at $2,727,000 after purchasing an additional 2,094 shares during the period. Ameriprise Financial Inc. increased its stake in Core-Mark by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 265,697 shares of the business services provider’s stock valued at $8,783,000 after purchasing an additional 8,957 shares during the period. Nationwide Fund Advisors increased its stake in Core-Mark by 22.9% in the second quarter. Nationwide Fund Advisors now owns 57,227 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 10,682 shares during the period. Amalgamated Bank acquired a new position in Core-Mark in the second quarter valued at $209,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Core-Mark by 28.7% during the second quarter. UBS Asset Management Americas Inc. now owns 29,433 shares of the business services provider’s stock worth $973,000 after acquiring an additional 6,570 shares during the period.
Shares of Core-Mark (NASDAQ:CORE) opened at $20.50 on Wednesday. Core-Mark has a one year low of $20.16 and a one year high of $38.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16. The company has a market cap of $966.33, a price-to-earnings ratio of 22.78, a P/E/G ratio of 1.55 and a beta of 0.58.
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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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