Media coverage about Core-Mark (NASDAQ:CORE) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Core-Mark earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.4428188954392 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts have commented on CORE shares. Zacks Investment Research downgraded shares of Core-Mark from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Jefferies Group reissued a “hold” rating and set a $32.00 target price on shares of Core-Mark in a research report on Friday, November 10th. Finally, Raymond James Financial set a $35.00 target price on shares of Core-Mark and gave the company a “buy” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Core-Mark presently has an average rating of “Hold” and a consensus price target of $38.80.
Core-Mark (NASDAQ:CORE) opened at $32.63 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $1,558.50, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.84 and a beta of 0.94. Core-Mark has a 12-month low of $26.08 and a 12-month high of $44.12.
Core-Mark (NASDAQ:CORE) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Core-Mark had a net margin of 0.27% and a return on equity of 9.90%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.29 billion. equities research analysts expect that Core-Mark will post 1.19 earnings per share for the current fiscal year.
Core-Mark declared that its Board of Directors has initiated a share repurchase program on Monday, August 28th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, November 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Core-Mark’s previous quarterly dividend of $0.09. Core-Mark’s payout ratio is presently 44.44%.
Core-Mark Company Profile
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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