Wall Street analysts expect CoreLogic (NYSE:CLGX) to post earnings per share of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for CoreLogic’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.44. CoreLogic posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, April 25th.
According to Zacks, 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 fiscal year, analysts anticipate that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.60 to $3.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CoreLogic.
CoreLogic (NYSE:CLGX) last issued its earnings results on Monday, February 26th. The business services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $454.16 million for the quarter, compared to analyst estimates of $450.54 million. CoreLogic had a net margin of 8.22% and a return on equity of 16.73%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share.
CLGX has been the topic of several research reports. Zacks Investment Research lowered shares of CoreLogic from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Robert W. Baird cut their price objective on shares of CoreLogic from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Deutsche Bank set a $33.00 price objective on shares of CoreLogic and gave the company a “sell” rating in a report on Tuesday, February 27th. Compass Point lowered shares of CoreLogic from a “neutral” rating to a “sell” rating and set a $43.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, Barclays reissued a “buy” rating and set a $58.00 price objective on shares of CoreLogic in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $47.56.
In other CoreLogic news, insider Barry M. Sando sold 1,383 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $46.00, for a total value of $63,618.00. Following the completion of the sale, the insider now directly owns 174,154 shares in the company, valued at $8,011,084. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CLGX. Lazard Asset Management LLC boosted its stake in CoreLogic by 70.3% in the fourth quarter. Lazard Asset Management LLC now owns 3,316,386 shares of the business services provider’s stock valued at $153,250,000 after acquiring an additional 1,368,543 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in CoreLogic by 136.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 629,224 shares of the business services provider’s stock valued at $29,076,000 after acquiring an additional 362,858 shares in the last quarter. APG Asset Management N.V. acquired a new stake in CoreLogic in the fourth quarter valued at approximately $10,879,000. Deutsche Bank AG boosted its stake in CoreLogic by 108.3% in the fourth quarter. Deutsche Bank AG now owns 266,625 shares of the business services provider’s stock valued at $12,318,000 after acquiring an additional 138,616 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in CoreLogic by 1.8% in the fourth quarter. BlackRock Inc. now owns 6,974,865 shares of the business services provider’s stock valued at $322,310,000 after acquiring an additional 120,789 shares in the last quarter. Institutional investors own 89.80% of the company’s stock.
Shares of NYSE:CLGX opened at $44.80 on Wednesday. The company has a market cap of $3,688.07, a PE ratio of 22.97, a P/E/G ratio of 1.79 and a beta of 0.89. CoreLogic has a one year low of $38.49 and a one year high of $49.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.27 and a current ratio of 1.27.
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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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