Equities analysts expect Corelogic Inc (NYSE:CLGX) to post $0.76 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Corelogic’s earnings, with estimates ranging from $0.72 to $0.80. Corelogic posted earnings per share of $1.00 during the same quarter last year, which suggests a negative year-over-year growth rate of 24%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Corelogic will report full year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.55. For the next year, analysts forecast that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.61 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Corelogic.
Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The business had revenue of $417.71 million for the quarter, compared to analysts’ expectations of $404.20 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis.
Several research analysts have weighed in on the company. ValuEngine raised Corelogic from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Zacks Investment Research raised Corelogic from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. SunTrust Banks boosted their price objective on Corelogic to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. Finally, Robert W. Baird boosted their price objective on Corelogic from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.30.
CLGX stock traded down $0.34 during midday trading on Tuesday, hitting $41.76. The company’s stock had a trading volume of 6,348 shares, compared to its average volume of 499,642. The company’s 50-day moving average is $41.14. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.71. Corelogic has a 1 year low of $31.87 and a 1 year high of $55.56. The stock has a market cap of $3.44 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83.
In other Corelogic news, Director Paul F. Folino sold 3,750 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $40.65, for a total value of $152,437.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David F. Walker sold 2,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $40.50, for a total value of $81,000.00. Following the completion of the sale, the director now owns 45,219 shares in the company, valued at $1,831,369.50. The disclosure for this sale can be found here. In the last three months, insiders sold 25,840 shares of company stock worth $1,062,405. Insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CLGX. Vanguard Group Inc boosted its holdings in shares of Corelogic by 1.3% during the third quarter. Vanguard Group Inc now owns 7,566,188 shares of the business services provider’s stock worth $373,846,000 after purchasing an additional 95,142 shares during the period. Rhumbline Advisers boosted its holdings in shares of Corelogic by 37.4% during the fourth quarter. Rhumbline Advisers now owns 217,615 shares of the business services provider’s stock worth $7,273,000 after purchasing an additional 59,189 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Corelogic during the fourth quarter worth approximately $179,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Corelogic by 3,242.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,078,530 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,046,258 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Corelogic by 1.2% during the fourth quarter. Comerica Bank now owns 52,553 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 622 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Corelogic Company Profile
CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
Featured Article: Treasury Bonds
Get a free copy of the Zacks research report on Corelogic (CLGX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Corelogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corelogic and related companies with MarketBeat.com's FREE daily email newsletter.