Analysts expect Corelogic Inc (NYSE:CLGX) to announce $478.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Corelogic’s earnings. The highest sales estimate is $484.23 million and the lowest is $469.90 million. Corelogic posted sales of $483.13 million during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, October 24th.
According to Zacks, analysts expect that Corelogic will report full-year sales of $1.86 billion for the current year, with estimates ranging from $1.85 billion to $1.87 billion. For the next year, analysts expect that the business will post sales of $1.88 billion, with estimates ranging from $1.86 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Corelogic.
Corelogic (NYSE:CLGX) last posted its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.20. The business had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $476.74 million. Corelogic had a net margin of 9.74% and a return on equity of 20.14%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share.
A number of research analysts have issued reports on the stock. Wells Fargo & Co raised their price target on shares of Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, June 25th. Wolfe Research initiated coverage on shares of Corelogic in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. ValuEngine downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies reduced their target price on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Finally, Zacks Investment Research raised shares of Corelogic from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research note on Friday, July 27th. Two equities 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. The company has a consensus rating of “Hold” and a consensus target price of $50.11.
In other news, Director Paul F. Folino sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $49.28, for a total value of $167,552.00. Following the sale, the director now directly owns 11,002 shares of the company’s stock, valued at approximately $542,178.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Lee Widener sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $48.19, for a total transaction of $30,118.75. Following the completion of the sale, the director now directly owns 9,319 shares in the company, valued at $449,082.61. The disclosure for this sale can be found here. Insiders sold a total of 31,975 shares of company stock worth $1,586,247 over the last three months. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System grew its holdings in Corelogic by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 56,678 shares of the business services provider’s stock worth $2,942,000 after acquiring an additional 1,598 shares in the last quarter. Profund Advisors LLC grew its holdings in Corelogic by 16.5% during the 1st quarter. Profund Advisors LLC now owns 11,949 shares of the business services provider’s stock worth $540,000 after acquiring an additional 1,689 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in Corelogic by 16.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,788 shares of the business services provider’s stock worth $612,000 after acquiring an additional 1,700 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in Corelogic during the 2nd quarter worth approximately $115,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Corelogic by 1.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 149,794 shares of the business services provider’s stock worth $7,774,000 after acquiring an additional 2,234 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.
Shares of NYSE CLGX traded up $0.59 during midday trading on Wednesday, reaching $45.49. The company had a trading volume of 601,277 shares, compared to its average volume of 446,128. The stock has a market cap of $4.00 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.85 and a beta of 0.60. Corelogic has a 1 year low of $42.00 and a 1 year high of $55.79. The company has a current ratio of 1.31, a quick 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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