Core-Mark (NASDAQ:CORE) announced its quarterly earnings results on Thursday. The business services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04, Briefing.com reports. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Core-Mark had a net margin of 0.33% and a return on equity of 13.11%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. Core-Mark updated its FY19 guidance to $1.62-1.67 EPS.
NASDAQ CORE traded up $1.43 during trading hours on Friday, reaching $28.42. The company had a trading volume of 413,800 shares, compared to its average volume of 296,220. The stock has a 50-day moving average of $29.76 and a 200 day moving average of $34.78. The company has a current ratio of 1.78, a quick ratio of 1.00 and a debt-to-equity ratio of 0.93. Core-Mark has a 1-year low of $22.53 and a 1-year high of $40.95. The stock has a market capitalization of $1.50 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.53 and a beta of 0.82.
Several brokerages have recently weighed in on CORE. BMO Capital Markets lowered their price target on shares of Core-Mark to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 1st. They noted that the move was a valuation call. BidaskClub raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 5th. Raymond James lowered their price target on shares of Core-Mark from $42.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday. ValuEngine cut shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Core-Mark from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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