Core-Mark (CORE) Issues FY18 Earnings Guidance

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Core-Mark (NASDAQ:CORE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.31-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27. The company issued revenue guidance of $16.2-16.4 billion, compared to the consensus revenue estimate of $16.70 billion.

CORE traded down $0.90 during midday trading on Wednesday, reaching $29.49. 23,729 shares of the company’s stock were exchanged, compared to its average volume of 304,046. The company has a current ratio of 1.92, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.75 billion, a P/E ratio of 29.34, a PEG ratio of 2.29 and a beta of 0.57. Core-Mark has a 1-year low of $17.10 and a 1-year high of $40.12.

Core-Mark (NASDAQ:CORE) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Core-Mark had a net margin of 0.21% and a return on equity of 9.56%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, analysts forecast that Core-Mark will post 1.28 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Core-Mark from a strong-buy rating to a buy rating in a research report on Tuesday, September 18th. Zacks Investment Research lowered shares of Core-Mark from a buy rating to a hold rating in a research report on Thursday, August 16th. ValuEngine raised shares of Core-Mark from a strong sell rating to a sell rating in a research report on Friday, August 3rd. BMO Capital Markets reissued a hold rating and issued a $30.00 price objective (up previously from $21.00) on shares of Core-Mark in a research report on Wednesday, August 8th. Finally, Sidoti lowered shares of Core-Mark from a buy rating to a neutral rating in a research report on Tuesday, September 11th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $34.33.

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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 various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

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Earnings History and Estimates for Core-Mark (NASDAQ:CORE)

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