Media headlines about Core-Mark Holding (NASDAQ:CORE) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Core-Mark Holding earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.8361613429135 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Core-Mark Holding (NASDAQ:CORE) opened at 26.51 on Friday. Core-Mark Holding has a 52-week low of $26.08 and a 52-week high of $45.70. The company has a market capitalization of $1.23 billion, a P/E ratio of 29.79 and a beta of 0.87. The stock’s 50 day moving average is $33.63 and its 200-day moving average is $33.41.
Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.11. Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts predict 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 dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.36%. Core-Mark Holding’s payout ratio is 40.00%.
CORE has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC set a $35.00 price objective on shares of Core-Mark Holding and gave the company a “hold” rating in a research note on Monday, May 8th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Core-Mark Holding in a research note on Wednesday, May 10th. Loop Capital initiated coverage on shares of Core-Mark Holding in a research note on Monday, May 15th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, BidaskClub lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.
In other news, VP William Stein sold 7,500 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott E. Mcpherson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $35.33, for a total transaction of $353,300.00. Following the sale, the senior vice president now directly owns 144,651 shares of the company’s stock, valued at $5,110,519.83. The disclosure for this sale can be found here. Insiders have sold 40,970 shares of company stock valued at $1,435,622 over the last three months. 2.40% of the stock is owned by corporate insiders.
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.
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