Zacks: Brokerages Anticipate Corelogic Inc (CLGX) Will Announce Quarterly Sales of $453.93 Million

Equities research analysts forecast that Corelogic Inc (NYSE:CLGX) will post sales of $453.93 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Corelogic’s earnings, with the lowest sales estimate coming in at $442.24 million and the highest estimate coming in at $472.00 million. Corelogic reported sales of $474.91 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.4%. The business is scheduled to issue its next earnings report on Wednesday, February 28th.

On average, analysts expect that Corelogic will report full year sales of $453.93 million for the current year, with estimates ranging from $1.84 billion to $1.87 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.88 billion per share, with estimates ranging from $1.81 billion to $2.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Corelogic.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. Corelogic had a return on equity of 17.10% and a net margin of 4.86%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share.

A number of analysts have recently weighed in on CLGX shares. BidaskClub lowered shares of Corelogic from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and set a $50.00 target price on shares of Corelogic in a report on Friday, October 27th. Barclays increased their target price on shares of Corelogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Corelogic from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, William Blair lowered shares of Corelogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Corelogic currently has an average rating of “Hold” and a consensus target price of $49.25.

In other Corelogic news, Director Mary Lee Widener sold 900 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.70, for a total value of $42,030.00. Following the completion of the sale, the director now directly owns 8,434 shares in the company, valued at $393,867.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. DF Dent & Co. Inc. lifted its holdings in shares of Corelogic by 58.4% during the third quarter. DF Dent & Co. Inc. now owns 30,206 shares of the business services provider’s stock valued at $1,396,000 after purchasing an additional 11,134 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Corelogic by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 1,360,517 shares of the business services provider’s stock valued at $62,883,000 after purchasing an additional 60,714 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Corelogic by 7.4% during the third quarter. California Public Employees Retirement System now owns 247,349 shares of the business services provider’s stock valued at $11,432,000 after purchasing an additional 17,049 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Corelogic by 111.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,455 shares of the business services provider’s stock valued at $483,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Corelogic during the third quarter valued at approximately $363,000. Institutional investors and hedge funds own 88.80% of the company’s stock.

Corelogic (CLGX) traded down $0.39 during trading on Monday, hitting $45.98. 578,600 shares of the stock were exchanged, compared to its average volume of 499,400. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3,780.00, a price-to-earnings ratio of 43.38, a P/E/G ratio of 1.97 and a beta of 0.84. Corelogic has a one year low of $34.59 and a one year high of $49.30.

ILLEGAL ACTIVITY NOTICE: “Zacks: Brokerages Anticipate Corelogic Inc (CLGX) Will Announce Quarterly Sales of $453.93 Million” was originally reported by BBNS and is the property of of BBNS. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/markets/zacks-brokerages-anticipate-corelogic-inc-clgx-will-announce-quarterly-sales-of-453-93-million/1817966.html.

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.

Get a free copy of the Zacks research report on Corelogic (CLGX)

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.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.