Core-Mark Holding (CORE) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about Core-Mark Holding (NASDAQ:CORE) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Core-Mark Holding earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.9799764105235 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of equities research analysts have recently issued reports on CORE shares. Loop Capital reiterated a “buy” rating and set a $40.00 price target on shares of Core-Mark Holding in a research report on Monday, July 10th. Raymond James Financial, Inc. set a $35.00 price target on shares of Core-Mark Holding and gave the company a “buy” rating in a research report on Wednesday, August 9th. Jefferies Group LLC set a $35.00 price target on shares of Core-Mark Holding and gave the company a “hold” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, BidaskClub upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Core-Mark Holding presently has an average rating of “Hold” and an average price target of $40.00.

Shares of Core-Mark Holding (NASDAQ CORE) traded down 1.19% on Friday, hitting $26.51. The company had a trading volume of 235,478 shares. The company has a 50-day moving average of $33.63 and a 200 day moving average of $33.41. The stock has a market cap of $1.23 billion, a PE ratio of 29.79 and a beta of 0.87. Core-Mark Holding has a 12 month low of $26.08 and a 12 month high of $45.70.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.11. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.96 billion. Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Analysts anticipate that Core-Mark Holding will post $1.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, August 25th. Core-Mark Holding’s dividend payout ratio (DPR) is presently 40.00%.

In related news, VP William Stein sold 7,500 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $35.91, for a total transaction of $269,325.00. Following the completion of the sale, the vice president now directly owns 73,402 shares of the company’s stock, valued at $2,635,865.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Perkins sold 12,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $34.20, for a total transaction of $410,400.00. Following the sale, the insider now directly owns 190,666 shares of the company’s stock, valued at $6,520,777.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,970 shares of company stock valued at $1,435,622. Company insiders own 2.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first reported by [[site]] and is owned by of [[site]]. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at [[permalink]].

About Core-Mark Holding

Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.