Equities research analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will announce $4.31 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Core-Mark’s earnings, with estimates ranging from $4.28 billion to $4.34 billion. Core-Mark posted sales of $4.23 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, August 7th.
According to Zacks, analysts expect that Core-Mark will report full-year sales of $16.83 billion for the current fiscal year, with estimates ranging from $16.77 billion to $16.89 billion. For the next fiscal year, analysts forecast that the business will report sales of $17.47 billion, with estimates ranging from $17.25 billion to $17.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Core-Mark.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.06. Core-Mark had a return on equity of 12.03% and a net margin of 0.29%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.
In other news, Director Harvey L. Tepner sold 2,351 shares of Core-Mark stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $94,040.00. Following the transaction, the director now owns 44,370 shares in the company, valued at $1,774,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Core-Mark by 86.6% during the first quarter. Versant Capital Management Inc now owns 978 shares of the business services provider’s stock valued at $36,000 after buying an additional 454 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Core-Mark by 32.0% during the fourth quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock valued at $51,000 after buying an additional 529 shares in the last quarter. Investors Research Corp purchased a new position in Core-Mark in the first quarter valued at about $52,000. Meeder Asset Management Inc. grew its stake in Core-Mark by 1,638.8% in the first quarter. Meeder Asset Management Inc. now owns 1,478 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Group One Trading L.P. purchased a new position in Core-Mark in the first quarter valued at about $56,000. Institutional investors and hedge funds own 92.58% of the company’s stock.
Shares of NASDAQ CORE traded down $0.42 during mid-day trading on Friday, reaching $35.06. The company had a trading volume of 154,674 shares, compared to its average volume of 168,911. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 1.61. The stock has a market capitalization of $1.72 billion, a PE ratio of 25.22, a PEG ratio of 2.95 and a beta of 0.76. The business has a 50-day moving average price of $38.39. Core-Mark has a 1-year low of $22.53 and a 1-year high of $40.95.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.
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