Brokerages Expect Corelogic Inc (CLGX) Will Post Earnings of $0.40 Per Share

Wall Street analysts expect that Corelogic Inc (NYSE:CLGX) will post $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Corelogic’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.35. Corelogic posted earnings per share of $0.37 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The company is expected to issue its next earnings results after the market closes on Wednesday, April 25th.

On average, 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 expect that the firm will post earnings of $2.91 per share, with EPS estimates ranging from $2.60 to $3.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Corelogic.

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Corelogic (NYSE:CLGX) last posted its quarterly earnings results on Monday, February 26th. The business services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Corelogic had a return on equity of 16.73% and a net margin of 8.22%. The company had revenue of $454.16 million for the quarter, compared to analysts’ expectations of $450.54 million. During the same period last year, the firm earned $0.56 earnings per share. Corelogic’s quarterly revenue was down 4.4% on a year-over-year basis.

CLGX has been the topic of a number of analyst reports. Barclays restated a “buy” rating and issued a $58.00 price target on shares of Corelogic in a research note on Friday, January 5th. Zacks Investment Research upgraded Corelogic from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of Corelogic in a research report on Tuesday, February 27th. Robert W. Baird cut their target price on Corelogic from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Finally, Compass Point began coverage on Corelogic in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $49.00 target price on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.78.

Corelogic stock traded up $0.32 during midday trading on Friday, reaching $45.23. The company’s stock had a trading volume of 414,513 shares, compared to its average volume of 384,848. Corelogic has a fifty-two week low of $38.49 and a fifty-two week high of $49.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $3,685.61, a PE ratio of 23.19, a P/E/G ratio of 1.78 and a beta of 0.89.

In other news, insider Barry M. Sando sold 1,383 shares of Corelogic stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $46.00, for a total transaction of $63,618.00. Following the sale, the insider now owns 174,154 shares in the company, valued at $8,011,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Invictus RG increased its position in Corelogic by 98.4% in the 3rd quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 1,306 shares during the period. AlphaOne Investment Services LLC acquired a new position in Corelogic in the 4th quarter valued at about $132,000. Amundi Pioneer Asset Management Inc. acquired a new position in Corelogic in the 4th quarter valued at about $140,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Corelogic by 46.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 1,570 shares during the period. Finally, Charter Trust Co. acquired a new position in Corelogic in the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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Corelogic Company Profile

CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.

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