Core-Mark (NASDAQ:CORE) posted its earnings results on Thursday. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04, Briefing.com reports. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Core-Mark updated its FY19 guidance to $1.62-1.67 EPS.
Shares of Core-Mark stock traded up $1.43 on Friday, reaching $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 stock has a market capitalization of $1.50 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.53 and a beta of 0.82. The company has a 50 day moving average price of $29.76 and a 200 day moving average price of $34.78. Core-Mark has a 1 year low of $22.53 and a 1 year high of $40.95.
A number of research analysts have commented on CORE shares. BMO Capital Markets cut their target price 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. Zacks Investment Research downgraded shares of Core-Mark from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. ValuEngine downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James cut their target price 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. Finally, BidaskClub raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Core-Mark presently has an average rating of “Hold” and a consensus 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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