Core-Mark Holding Company, Inc. (CORE) Scheduled to Post Earnings on Monday
Core-Mark Holding Company, Inc. (NASDAQ:CORE) will release its earnings data before the market opens on Monday, November 6th. Analysts expect Core-Mark Holding to post earnings of $0.41 per share for the quarter. Core-Mark Holding has set its FY17 guidance at $1.20-1.27 EPS.
Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.11). Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the company earned $0.39 EPS. Core-Mark Holding’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect Core-Mark Holding to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Core-Mark Holding Company, Inc. (NASDAQ CORE) opened at $33.84 on Friday. The firm has a market capitalization of $1,567.57, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.98. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.
Core-Mark Holding announced that its Board of Directors has initiated a share buyback plan on Monday, August 28th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the business services provider to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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A number of equities research analysts recently issued reports on CORE shares. Loop Capital reissued a “buy” rating and issued a $40.00 price objective on shares of Core-Mark Holding in a report on Monday, July 10th. BidaskClub raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. 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 report on Friday, August 4th. Finally, Jefferies Group LLC dropped their price objective on shares of Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.20.
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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