Corelogic (CLGX) Issues FY18 Earnings Guidance

Corelogic (NYSE:CLGX) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.57. The company issued revenue guidance of $1.825-1875 billion, compared to the consensus revenue estimate of $1.85 billion.

Shares of Corelogic (CLGX) traded down $0.10 during trading on Wednesday, reaching $43.35. 34,482 shares of the company were exchanged, compared to its average volume of 528,598. The company has a market capitalization of $3,575.02, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. Corelogic has a 12 month low of $36.31 and a 12 month high of $49.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69.

Several research firms have weighed in on CLGX. Compass Point downgraded shares of Corelogic from a neutral rating to a sell rating and set a $43.00 price target on the stock. in a research report on Tuesday, February 6th. Robert W. Baird decreased their price target on shares of Corelogic from $48.00 to $47.00 and set a neutral rating on the stock in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Corelogic from a hold rating to a sell rating in a research report on Tuesday, February 6th. Barclays increased their price target on shares of Corelogic from $50.00 to $52.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $50.00 price target on shares of Corelogic in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $48.88.

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About Corelogic

CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.

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