Equities analysts expect Corelogic Inc (NYSE:CLGX) to post earnings of $0.81 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Corelogic’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.92. Corelogic reported earnings per share of $0.72 in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is expected to announce its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Corelogic will report full year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.58 to $2.65. For the next fiscal year, analysts forecast that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.74 to $3.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Corelogic.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. Corelogic had a net margin of 1.80% and a return on equity of 17.14%. The company had revenue of $459.54 million for the quarter, compared to analyst estimates of $444.22 million. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year.
Several brokerages have recently commented on CLGX. ValuEngine lowered Corelogic from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Compass Point set a $44.00 price objective on Corelogic and gave the company a “hold” rating in a research report on Friday, July 26th. Barclays began coverage on Corelogic in a research report on Wednesday, August 21st. They set an “overweight” rating and a $54.00 price objective on the stock. Robert W. Baird set a $45.00 price objective on Corelogic and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.56.
In related news, CEO Frank Martell sold 7,500 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $43.03, for a total transaction of $322,725.00. Following the completion of the sale, the chief executive officer now directly owns 324,436 shares in the company, valued at approximately $13,960,481.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James L. Balas sold 4,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $46.99, for a total value of $187,960.00. Following the sale, the chief financial officer now owns 83,703 shares of the company’s stock, valued at $3,933,203.97. The disclosure for this sale can be found here. Insiders have sold a total of 34,800 shares of company stock valued at $1,610,448 over the last 90 days. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new stake in Corelogic in the 1st quarter worth approximately $25,000. Advisor Group Inc. increased its stake in Corelogic by 65.8% during the second quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock worth $57,000 after acquiring an additional 538 shares during the last quarter. Weaver Consulting Group bought a new stake in Corelogic during the first quarter worth approximately $65,000. AlphaOne Investment Services LLC increased its stake in Corelogic by 18.5% during the first quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock worth $63,000 after acquiring an additional 264 shares during the last quarter. Finally, Group One Trading L.P. increased its stake in Corelogic by 49.0% during the first quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock worth $96,000 after acquiring an additional 848 shares during the last quarter. Institutional investors own 93.12% of the company’s stock.
Shares of Corelogic stock opened at $46.59 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $3.69 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78. The business’s 50-day moving average price is $46.93 and its 200-day moving average price is $42.29. Corelogic has a 12 month low of $31.87 and a 12 month high of $50.84.
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).
Recommended Story: Why investors pay attention to retained earnings
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.