Wall Street brokerages forecast that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will report $3.81 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Core-Mark’s earnings. The highest sales estimate is $3.89 billion and the lowest is $3.75 billion. Core-Mark reported sales of $3.50 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Core-Mark will report full-year sales of $3.81 billion for the current year, with estimates ranging from $16.70 billion to $16.72 billion. For the next financial year, analysts anticipate that the firm will report sales of $17.38 billion per share, with estimates ranging from $17.28 billion to $17.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Core-Mark.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Thursday, March 1st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Core-Mark had a net margin of 0.21% and a return on equity of 8.84%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis.
Core-Mark (CORE) opened at $22.63 on Tuesday. Core-Mark has a 52 week low of $19.53 and a 52 week high of $38.37. The stock has a market cap of $1,050.00, a P/E ratio of 55.20, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The company has a quick ratio of 1.06, a current ratio of 2.13 and a debt-to-equity ratio of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Core-Mark’s dividend payout ratio is 97.56%.
Several hedge funds and other institutional investors have recently made changes to their positions in CORE. SG Americas Securities LLC bought a new position in shares of Core-Mark during the third quarter worth $117,000. Zions Bancorporation bought a new position in shares of Core-Mark during the third quarter worth $161,000. Sei Investments Co. boosted its position in shares of Core-Mark by 44.0% during the third quarter. Sei Investments Co. now owns 8,356 shares of the business services provider’s stock worth $268,000 after purchasing an additional 2,554 shares in the last quarter. Parametrica Management Ltd bought a new stake in Core-Mark in the 4th quarter valued at $281,000. Finally, California Public Employees Retirement System lifted its position in Core-Mark by 23.5% in the 2nd quarter. California Public Employees Retirement System now owns 10,500 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 2,000 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors.
Core-Mark Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.