$0.65 EPS Expected for Corelogic Inc (NYSE:CLGX) This Quarter

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Equities analysts forecast that Corelogic Inc (NYSE:CLGX) will announce earnings of $0.65 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Corelogic’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.68. Corelogic reported earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 35.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Corelogic will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.74. For the next year, analysts anticipate that the company will post earnings of $2.87 per share, with EPS estimates ranging from $2.76 to $3.09. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Corelogic.

Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The business 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 company posted $0.72 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Corelogic from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, November 18th. Deutsche Bank cut shares of Corelogic from a “hold” rating to a “sell” rating and lowered their target price for the stock from $43.00 to $39.00 in a research note on Thursday, October 24th. Wolfe Research cut shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Friday, October 25th. Barclays assumed coverage on shares of Corelogic in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $54.00 target price on the stock. Finally, TheStreet cut shares of Corelogic from a “b-” rating to a “c” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Corelogic presently has a consensus rating of “Hold” and a consensus target price of $44.63.

In other news, CEO Frank Martell sold 7,500 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $46.04, for a total value of $345,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $77,680.00. Following the completion of the transaction, the chief financial officer now directly owns 81,703 shares in the company, valued at approximately $3,173,344.52. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock worth $611,253 in the last three months. Insiders own 1.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. UBS Group AG grew its holdings in shares of Corelogic by 488.4% during the 2nd quarter. UBS Group AG now owns 2,670,752 shares of the business services provider’s stock valued at $111,717,000 after purchasing an additional 2,216,835 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Corelogic by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,871,922 shares of the business services provider’s stock valued at $78,304,000 after purchasing an additional 5,642 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Corelogic during the 2nd quarter valued at $50,172,000. Renaissance Technologies LLC grew its holdings in shares of Corelogic by 102.3% during the 2nd quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock valued at $27,579,000 after purchasing an additional 333,380 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Corelogic by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 553,685 shares of the business services provider’s stock valued at $23,161,000 after purchasing an additional 5,257 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CLGX traded down $0.28 on Monday, hitting $41.15. The stock had a trading volume of 383,993 shares, compared to its average volume of 548,781. Corelogic has a 52-week low of $31.87 and a 52-week high of $49.49. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.57 and a beta of 0.69. The firm has a 50-day moving average of $41.75 and a 200-day moving average of $43.89.

About Corelogic

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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