Corelogic Inc (CLGX) Expected to Post Earnings of $0.47 Per Share

Wall Street analysts expect that Corelogic Inc (NYSE:CLGX) will post earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Corelogic’s earnings, with estimates ranging from $0.44 to $0.50. Corelogic reported earnings per share of $0.55 during the same quarter last year, which suggests a negative year over year growth rate of 14.5%. The firm is expected to report its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Corelogic will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.69 to $2.79. For the next financial year, analysts forecast that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.64 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Corelogic.

Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Corelogic had a net margin of 9.46% and a return on equity of 19.41%. The company had revenue of $451.77 million for the quarter, compared to the consensus estimate of $476.84 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year.

CLGX has been the subject of a number of research reports. Deutsche Bank set a $45.00 price target on Corelogic and gave the company a “hold” rating in a report on Thursday, October 25th. Zacks Investment Research downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Compass Point decreased their price objective on shares of Corelogic from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Finally, Piper Jaffray Companies decreased their price objective on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.60.

In related news, CEO Frank Martell sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $49.05, for a total transaction of $490,500.00. Following the transaction, the chief executive officer now owns 282,343 shares of the company’s stock, valued at $13,848,924.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry M. Sando sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $50.03, for a total transaction of $835,501.00. Following the transaction, the director now directly owns 158,246 shares in the company, valued at approximately $7,917,047.38. The disclosure for this sale can be found here. Insiders sold 31,350 shares of company stock worth $1,556,128 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bruderman Asset Management LLC bought a new position in shares of Corelogic in the second quarter valued at approximately $115,000. Fort L.P. purchased a new position in shares of Corelogic during the 2nd quarter valued at $118,000. Global X Management Co LLC purchased a new position in shares of Corelogic during the 2nd quarter valued at $180,000. Cubist Systematic Strategies LLC bought a new stake in shares of Corelogic during the 1st quarter valued at $213,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Corelogic during the 1st quarter valued at $223,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

NYSE CLGX traded up $0.67 during trading on Wednesday, reaching $40.44. The company’s stock had a trading volume of 658,064 shares, compared to its average volume of 747,034. The firm has a market capitalization of $3.30 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.58 and a beta of 0.68. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.69. Corelogic has a one year low of $38.67 and a one year high of $55.79.

About Corelogic

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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