Wall Street brokerages expect CoreLogic (NYSE:CLGX) to report earnings per share of $0.40 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for CoreLogic’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.35. CoreLogic posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is expected to report its next earnings results after the market closes on Wednesday, April 25th.
On average, analysts expect that CoreLogic will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.55 to $2.71. For the next financial year, analysts forecast that the company will report earnings of $2.91 per share, with EPS estimates ranging from $2.60 to $3.15. Zacks’ EPS averages 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 Monday, February 26th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. CoreLogic had a net margin of 8.22% and a return on equity of 16.73%. The company had revenue of $454.16 million during the quarter, compared to the consensus estimate of $450.54 million. During the same period in the prior year, the firm earned $0.56 earnings per share. CoreLogic’s revenue was down 4.4% on a year-over-year basis.
A number of brokerages have weighed in on CLGX. Zacks Investment Research cut shares of CoreLogic from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Compass Point began coverage on shares of CoreLogic in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $49.00 price objective on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 price objective on shares of CoreLogic in a report on Tuesday, February 27th. Barclays restated a “buy” rating and issued a $58.00 price objective on shares of CoreLogic in a report on Friday, January 5th. Finally, Deutsche Bank set a $33.00 price objective on shares of CoreLogic and gave the stock a “sell” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. CoreLogic presently has a consensus rating of “Hold” and a consensus target price of $47.56.
In other news, insider Barry M. Sando sold 1,383 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $46.00, for a total transaction of $63,618.00. Following the sale, the insider now owns 174,154 shares in the company, valued at $8,011,084. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Invictus RG grew its holdings in shares of CoreLogic by 98.4% during the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the last quarter. AlphaOne Investment Services LLC purchased a new stake in shares of CoreLogic during the fourth quarter valued at approximately $132,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of CoreLogic during the fourth quarter valued at approximately $140,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CoreLogic by 46.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock valued at $227,000 after buying an additional 1,570 shares during the last quarter. Finally, Charter Trust Co. purchased a new stake in shares of CoreLogic during the fourth quarter valued at approximately $249,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.
CLGX stock traded down $0.72 during trading on Friday, reaching $44.73. The company had a trading volume of 230,762 shares, compared to its average volume of 336,825. The company has a market cap of $3,644.87, a P/E ratio of 22.94, a PEG ratio of 1.76 and a beta of 0.89. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 1.27. CoreLogic has a 52 week low of $38.49 and a 52 week high of $49.30.
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CoreLogic Company Profile
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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