Wall Street analysts expect Core-Mark Holding Company, Inc. (NASDAQ:CORE) to report earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Core-Mark’s earnings, with estimates ranging from $0.25 to $0.29. Core-Mark posted earnings per share of $0.45 in the same quarter last year, which indicates a negative year-over-year growth rate of 37.8%. The company is expected to issue its next earnings report on Wednesday, March 7th.

On average, analysts expect that Core-Mark will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.95 to $0.98. For the next fiscal year, analysts anticipate that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.13 to $1.29. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Core-Mark.

Core-Mark (NASDAQ:CORE) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Core-Mark had a net margin of 0.27% and a return on equity of 9.90%.

Several brokerages have weighed in on CORE. Stephens downgraded Core-Mark from an “overweight” rating to an “equal weight” rating in a report on Friday, January 5th. Jefferies Group reissued a “hold” rating and issued a $32.00 price target on shares of Core-Mark in a report on Friday, November 10th. William Blair began coverage on Core-Mark in a report on Wednesday, January 3rd. They issued an “outperform” rating for the company. Zacks Investment Research raised Core-Mark from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $26.00 price target on shares of Core-Mark in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.50.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Core-Mark by 1.8% during the second quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock worth $134,736,000 after purchasing an additional 71,715 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Core-Mark by 54.1% during the third quarter. Wells Fargo & Company MN now owns 69,608 shares of the business services provider’s stock worth $2,237,000 after purchasing an additional 24,435 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Core-Mark by 15.2% during the third quarter. State of Wisconsin Investment Board now owns 378,200 shares of the business services provider’s stock worth $12,155,000 after purchasing an additional 50,000 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Core-Mark during the fourth quarter worth about $5,143,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Core-Mark by 7.7% during the second quarter. Macquarie Group Ltd. now owns 970,329 shares of the business services provider’s stock worth $32,079,000 after purchasing an additional 69,048 shares during the period.

Shares of Core-Mark (NASDAQ:CORE) traded down $0.04 during midday trading on Monday, reaching $20.71. The company’s stock had a trading volume of 404,638 shares, compared to its average volume of 285,762. 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 firm has a market capitalization of $958.47, a P/E ratio of 23.01, a PEG ratio of 1.55 and a beta of 0.58. Core-Mark has a fifty-two week low of $19.81 and a fifty-two week high of $38.37.

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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.

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Earnings History and Estimates for Core-Mark (NASDAQ:CORE)

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