Brokerages forecast that Corelogic Inc (NYSE:CLGX) will post earnings per share (EPS) of $0.78 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Corelogic’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.82. Corelogic posted earnings of $0.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is expected to report its next earnings results after the market closes on Wednesday, October 24th.
On average, analysts expect that Corelogic will report full year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.77 to $2.83. For the next fiscal year, analysts anticipate that the business will report earnings of $3.03 per share, with EPS estimates ranging from $2.95 to $3.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Corelogic.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.20. Corelogic had a return on equity of 20.14% and a net margin of 9.74%. The company had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $476.74 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Corelogic from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Piper Jaffray Companies cut their price target on Corelogic from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, July 27th. ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Wolfe Research assumed coverage on Corelogic in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Co boosted their price target on Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Corelogic presently has a consensus rating of “Hold” and an average price target of $50.11.
In other news, Director Mary Lee Widener sold 550 shares of Corelogic stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $49.50, for a total value of $27,225.00. Following the completion of the sale, the director now owns 8,769 shares of the company’s stock, valued at $434,065.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barry M. Sando sold 16,700 shares of Corelogic stock in a transaction on Monday, September 10th. The shares were sold at an average price of $50.03, for a total value of $835,501.00. Following the completion of the sale, the director now directly owns 158,246 shares of the company’s stock, valued at approximately $7,917,047.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,975 shares of company stock valued at $1,586,247. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Bruderman Asset Management LLC purchased a new stake in Corelogic during the second quarter valued at about $115,000. Fort L.P. purchased a new stake in Corelogic during the second quarter valued at about $118,000. Global X Management Co LLC purchased a new stake in Corelogic during the second quarter valued at about $180,000. Cubist Systematic Strategies LLC purchased a new stake in Corelogic during the first quarter valued at about $213,000. Finally, TLP Group LLC grew its position in Corelogic by 8,732.7% during the first quarter. TLP Group LLC now owns 4,858 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 4,803 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CLGX traded down $0.60 during trading on Monday, reaching $44.89. The company had a trading volume of 538,100 shares, compared to its average volume of 446,590. Corelogic has a twelve month low of $42.00 and a twelve month high of $55.79. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.85 and a beta of 0.60. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.72.
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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