Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) have been given a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.
Brokerages have set a one year consensus price objective of $89.67 for the company and are forecasting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given Core-Mark Holding Company an industry rank of 201 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Core-Mark Holding Company from a “buy” rating to a “hold” rating in a report on Wednesday, November 11th. BB&T Corp. increased their target price on Core-Mark Holding Company from $86.00 to $90.00 and gave the company a “buy” rating in a report on Friday, November 6th. Stephens increased their target price on Core-Mark Holding Company from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Jefferies Group increased their target price on Core-Mark Holding Company to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Raymond James restated an “outperform” rating and set a $80.00 target price (up from $68.00) on shares of Core-Mark Holding Company in a report on Thursday, October 8th.
Shares of Core-Mark Holding Company (NASDAQ:CORE) opened at 80.08 on Monday. Core-Mark Holding Company has a 52 week low of $52.11 and a 52 week high of $91.77. The firm has a market cap of $1.85 billion and a PE ratio of 38.70. The firm has a 50-day moving average price of $84.96 and a 200-day moving average price of $70.30.
Core-Mark Holding Company (NASDAQ:CORE) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.08. The firm earned $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts predict that Core-Mark Holding Company will post $2.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Friday, November 20th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.78%. The ex-dividend date was Wednesday, November 18th. This is an increase from Core-Mark Holding Company’s previous quarterly dividend of $0.13.
In other news, CEO Thomas B. Perkins sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $82.23, for a total value of $123,345.00. Following the transaction, the chief executive officer now directly owns 113,244 shares in the company, valued at approximately $9,312,054.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Congdon Stacy Loretz sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $74.69, for a total value of $224,070.00. Following the completion of the transaction, the chief financial officer now owns 63,177 shares in the company, valued at $4,718,690.13. The disclosure for this sale can be found here.
Core-Mark Holding Company, Inc. (NASDAQ:CORE) is a marketer of supply solutions to the convenience retail industry in North America. The Company has two operating segments: the United States and Canada. The Company offers products, marketing programs and technology solutions to approximately 35,000 customer locations in the United States and Canada. The Company’s product offering includes cigarettes, other tobacco products, candy, snacks, fast food, groceries, fresh products, dairy, bread, beverages, general merchandise, and health and beauty care products. The Company’s customers include traditional convenience stores, drug stores, grocery stores, liquor stores and other specialty and small format stores that carry convenience products. The Company operates a network of around 29 distribution centers (excluding two distribution facilities it operates as a third party logistics provider). The Company’s 25 distribution centers are located in the United States and four in Canada.
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