Equities research analysts expect Corelogic Inc (NYSE:CLGX) to report $437.27 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Corelogic’s earnings. The highest sales estimate is $442.29 million and the lowest is $432.53 million. Corelogic posted sales of $439.85 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. The company is expected to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Corelogic will report full-year sales of $437.27 million for the current year, with estimates ranging from $1.83 billion to $1.86 billion. For the next financial year, analysts anticipate that the company will post sales of $1.88 billion per share, with estimates ranging from $1.85 billion to $1.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Corelogic.
Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Corelogic had a return on equity of 16.73% and a net margin of 8.22%. The company had revenue of $454.16 million for the quarter, compared to analysts’ expectations of $450.54 million. During the same period in the previous year, the firm posted $0.56 EPS. Corelogic’s revenue was down 4.4% compared to the same quarter last year.
CLGX has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $52.00 target price on shares of Corelogic in a report on Tuesday, February 27th. Deutsche Bank set a $33.00 target price on Corelogic and gave the stock a “sell” rating in a report on Tuesday, February 27th. Robert W. Baird lowered their target price on Corelogic from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Zacks Investment Research cut Corelogic from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Compass Point cut Corelogic from a “neutral” rating to a “sell” rating and set a $43.00 target price on the stock. in a report on Tuesday, February 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.78.
Shares of Corelogic (NYSE CLGX) opened at $46.49 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. Corelogic has a twelve month low of $38.49 and a twelve month high of $49.30. The stock has a market capitalization of $3,747.55, a PE ratio of 23.00, a P/E/G ratio of 1.81 and a beta of 0.89.
In other news, insider Barry M. Sando sold 1,383 shares of Corelogic 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 of the company’s stock, valued at approximately $8,011,084. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Invictus RG raised its position in shares of Corelogic by 98.4% during the 3rd 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 period. AlphaOne Investment Services LLC purchased a new stake in shares of Corelogic during the 4th quarter valued at approximately $132,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Corelogic during the 4th quarter valued at approximately $140,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Corelogic by 46.9% during the 4th 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 period. Finally, Prana Capital Management LP purchased a new stake in shares of Corelogic during the 4th quarter valued at approximately $249,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
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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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