Core-Mark (NASDAQ:CORE) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Core-Mark (NASDAQ:CORE) announced its quarterly earnings results on Thursday. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04, reports. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.45 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Core-Mark updated its FY19 guidance to $1.62-1.67 EPS.

NASDAQ:CORE traded up $1.43 on Friday, hitting $28.42. The stock had a trading volume of 413,800 shares, compared to its average volume of 296,220. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.50 billion, a PE ratio of 20.45, a P/E/G ratio of 2.53 and a beta of 0.82. The business’s fifty day moving average is $29.76 and its 200 day moving average is $34.78. Core-Mark has a 52 week low of $22.53 and a 52 week high of $40.95.

Several research analysts have issued reports on CORE shares. Raymond James cut their price target on Core-Mark from $42.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday. BidaskClub upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Zacks Investment Research lowered Core-Mark from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. BMO Capital Markets cut their price target on Core-Mark to $34.00 and set a “market perform” rating on the stock in a report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, ValuEngine lowered Core-Mark from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.00.

Core-Mark Company Profile

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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Earnings History for Core-Mark (NASDAQ:CORE)

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