Zacks: Analysts Expect Core-Mark Holding Company, Inc. (CORE) Will Post Quarterly Sales of $4.11 Billion
Analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will report $4.11 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Core-Mark’s earnings, with the lowest sales estimate coming in at $4.09 billion and the highest estimate coming in at $4.13 billion. Core-Mark reported sales of $3.84 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The company is scheduled to report its next quarterly 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 fiscal year, with estimates ranging from $15.71 billion to $15.75 billion. For the next financial year, analysts forecast that the firm will post sales of $16.66 billion per share, with estimates ranging from $16.64 billion to $16.68 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Core-Mark.
Core-Mark (NASDAQ:CORE) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.29 billion.
Core-Mark (NASDAQ:CORE) traded down $0.04 during midday trading on Wednesday, hitting $20.71. 404,638 shares of the stock were exchanged, compared to its average volume of 285,762. Core-Mark has a twelve month low of $19.81 and a twelve month high of $38.37. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $958.47, a PE ratio of 23.01, a P/E/G ratio of 1.55 and a beta of 0.58.
A number of institutional investors and hedge funds have recently bought and sold shares of CORE. Teachers Advisors LLC raised its holdings 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 acquiring an additional 2,094 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 8,957 shares in the last quarter. Nationwide Fund Advisors raised its holdings 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 acquiring an additional 10,682 shares in the last quarter. Amalgamated Bank acquired a new stake in Core-Mark in the second quarter valued at $209,000. Finally, UBS Asset Management Americas Inc. raised its holdings in Core-Mark by 28.7% in the second quarter. UBS Asset Management Americas Inc. now owns 29,433 shares of the business services provider’s stock valued at $973,000 after acquiring an additional 6,570 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: “Zacks: Analysts Expect Core-Mark Holding Company, Inc. (CORE) Will Post Quarterly Sales of $4.11 Billion” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://theolympiareport.com/2018/02/10/zacks-analysts-expect-core-mark-holding-company-inc-core-will-post-quarterly-sales-of-4-11-billion.html.
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.