Equities research analysts forecast that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will announce $4.29 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Core-Mark Holding’s earnings, with the lowest sales estimate coming in at $4.28 billion and the highest estimate coming in at $4.30 billion. Core-Mark Holding posted sales of $3.99 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is expected to report its next earnings results on Monday, November 6th.

On average, analysts expect that Core-Mark Holding will report full year sales of $4.29 billion for the current fiscal year, with estimates ranging from $15.70 billion to $15.73 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $16.89 billion per share, with estimates ranging from $16.60 billion to $17.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Core-Mark Holding.

Core-Mark Holding (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.11). Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business earned $0.39 EPS. The business’s revenue was up 3.1% on a year-over-year basis.

A number of equities analysts have weighed in on CORE shares. Jefferies Group LLC cut their target price on shares of Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday, August 9th. Raymond James Financial, Inc. set a $35.00 price target on shares of Core-Mark Holding and gave the stock a “buy” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. ValuEngine downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $40.00 target price on shares of Core-Mark Holding in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

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Core-Mark Holding (NASDAQ:CORE) traded up 2.76% during mid-day trading on Friday, hitting $29.43. 471,458 shares of the stock were exchanged. The company has a market capitalization of $1.36 billion, a PE ratio of 33.07 and a beta of 0.94. The stock’s 50-day moving average is $29.39 and its 200 day moving average is $32.62. Core-Mark Holding has a 52 week low of $26.08 and a 52 week high of $44.12.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, August 25th. Core-Mark Holding’s dividend payout ratio is presently 40.00%.

Core-Mark Holding declared that its board has initiated a stock repurchase program on Monday, August 28th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of large investors have recently modified their holdings of the business. Stephens Inc. AR raised its position in Core-Mark Holding by 0.4% in the 1st quarter. Stephens Inc. AR now owns 10,250 shares of the business services provider’s stock worth $320,000 after buying an additional 38 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Core-Mark Holding by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,200 shares of the business services provider’s stock valued at $800,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund grew its stake in shares of Core-Mark Holding by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 33,817 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 284 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Core-Mark Holding by 4.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,930 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 450 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Core-Mark Holding by 6.3% during the 1st quarter. California Public Employees Retirement System now owns 8,500 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 500 shares during the period. 98.27% of the stock is owned by institutional investors and hedge funds.

Core-Mark Holding 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 Holding (NASDAQ:CORE)

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