Analysts expect Corelogic Inc (NYSE:CLGX) to post sales of $415.95 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Corelogic’s earnings, with estimates ranging from $409.40 million to $423.62 million. Corelogic posted sales of $403.31 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 25th.
On average, analysts expect that Corelogic will report full year sales of $1.75 billion for the current financial year, with estimates ranging from $1.75 billion to $1.76 billion. For the next year, analysts anticipate that the company will post sales of $1.72 billion, with estimates ranging from $1.69 billion to $1.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Corelogic.
Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. The firm had revenue of $458.96 million for the quarter, compared to analysts’ expectations of $457.49 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis.
A number of research analysts recently commented on CLGX shares. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Monday, November 18th. Wolfe Research cut Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Friday, October 25th. SunTrust Banks set a $44.00 price objective on Corelogic and gave the company a “hold” rating in a report on Friday, October 25th. Deutsche Bank cut Corelogic from a “hold” rating to a “sell” rating and decreased their price objective for the company from $43.00 to $39.00 in a report on Thursday, October 24th. Finally, TheStreet cut Corelogic from a “b-” rating to a “c” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.63.
CLGX traded down $0.28 during trading hours on Wednesday, reaching $41.15. The company’s stock had a trading volume of 383,993 shares, compared to its average volume of 548,781. Corelogic has a fifty-two week low of $31.87 and a fifty-two week high of $49.49. The stock has a market cap of $3.28 billion, a PE ratio of 17.44, a P/E/G ratio of 1.57 and a beta of 0.69. The business’s 50-day moving average is $41.75 and its 200-day moving average is $43.89. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 1.11.
In other news, CFO James L. Balas sold 2,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $38.84, for a total value of $77,680.00. Following the sale, the chief financial officer now directly owns 81,703 shares in the company, valued at $3,173,344.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry M. Sando sold 3,750 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $47.03, for a total value of $176,362.50. Following the completion of the sale, the director now owns 145,916 shares in the company, valued at $6,862,429.48. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock worth $611,253 over the last 90 days. 1.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CLGX. Knuff & Co LLC purchased a new position in Corelogic in the third quarter valued at $28,000. Advisor Group Inc. increased its holdings in Corelogic by 65.8% in the second quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after buying an additional 538 shares during the last quarter. US Bancorp DE increased its holdings in Corelogic by 29.6% in the second quarter. US Bancorp DE now owns 3,563 shares of the business services provider’s stock valued at $149,000 after buying an additional 813 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Corelogic in the second quarter valued at $184,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Corelogic in the second quarter valued at $205,000. Institutional investors and hedge funds own 92.29% 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).
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