Core-Mark (NASDAQ:CORE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.50-$1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.59. Core-Mark also updated its FY 2019 guidance to $1.50-1.60 EPS.
Shares of Core-Mark stock traded down $1.80 during trading on Friday, hitting $33.75. 414,774 shares of the stock were exchanged, compared to its average volume of 208,424. The company has a fifty day moving average of $37.94. The stock has a market cap of $1.56 billion, a PE ratio of 24.28, a PEG ratio of 2.69 and a beta of 0.76. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.93. Core-Mark has a 12 month low of $22.53 and a 12 month high of $40.95.
Core-Mark (NASDAQ:CORE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.31 billion. Core-Mark had a net margin of 0.33% and a return on equity of 13.11%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts expect that Core-Mark will post 1.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. Core-Mark’s dividend payout ratio is currently 31.65%.
CORE has been the subject of several recent research reports. BidaskClub lowered shares of Core-Mark from a hold rating to a sell rating in a research report on Wednesday, July 24th. ValuEngine lowered shares of Core-Mark from a buy rating to a hold rating in a research report on Wednesday, July 17th. Finally, Zacks Investment Research lowered shares of Core-Mark from a buy rating to a hold rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Core-Mark has an average rating of Hold and an average target price of $38.40.
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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