Somewhat Favorable News Coverage Somewhat Unlikely to Affect Core-Mark (CORE) Stock Price

News coverage about Core-Mark (NASDAQ:CORE) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Core-Mark earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.3893978481591 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Core-Mark (NASDAQ:CORE) opened at $31.29 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $1,410.00, a P/E ratio of 35.16, a P/E/G ratio of 2.55 and a beta of 0.95. Core-Mark has a 12 month low of $26.08 and a 12 month high of $43.94.

Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. analysts predict that Core-Mark will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, November 28th were paid a $0.10 dividend. This is a positive change from Core-Mark’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, November 27th. Core-Mark’s payout ratio is currently 44.94%.

Several analysts have recently weighed in on the company. Jefferies Group restated a “hold” rating and set a $32.00 price target on shares of Core-Mark in a report on Friday, November 10th. Zacks Investment Research cut Core-Mark from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub cut Core-Mark from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.80.

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About Core-Mark

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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