Wall Street brokerages expect that CoreLogic, Inc. (NYSE:CLGX) will announce earnings of $0.59 per share for the current quarter, according to Zacks. Six analysts have issued estimates for CoreLogic’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.54. CoreLogic reported earnings per share of $0.58 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that CoreLogic will report full-year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.98. For the next financial year, analysts expect that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.03 to $2.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CoreLogic.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.07. CoreLogic had a net margin of 4.87% and a return on equity of 16.42%. The company had revenue of $439.85 million during the quarter, compared to analyst estimates of $440.39 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.
A number of research firms recently weighed in on CLGX. Barclays PLC upped their target price on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Robert W. Baird upped their target price on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of CoreLogic from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. CoreLogic has an average rating of “Hold” and a consensus price target of $43.89.
Shares of CoreLogic (NYSE CLGX) traded up 1.27% during mid-day trading on Wednesday, reaching $43.91. The company had a trading volume of 186,143 shares. The stock has a market capitalization of $3.72 billion, a P/E ratio of 41.19 and a beta of 0.99. The company’s 50-day moving average is $42.52 and its 200 day moving average is $39.47. CoreLogic has a 52-week low of $34.59 and a 52-week high of $43.95.
In other CoreLogic news, Director Mary Lee Widener sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $42.79, for a total value of $42,790.00. Following the transaction, the director now directly owns 9,354 shares in the company, valued at $400,257.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director J David Chatham sold 3,760 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $42.00, for a total transaction of $157,920.00. Following the completion of the transaction, the director now owns 4,770 shares in the company, valued at $200,340. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,010 shares of company stock worth $252,773. Company insiders own 1.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. CrestPoint Capital Management LLC purchased a new position in CoreLogic during the first quarter worth approximately $208,000. Norges Bank purchased a new position in CoreLogic during the fourth quarter worth approximately $30,208,000. Capstone Asset Management Co. raised its position in CoreLogic by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,552 shares of the business services provider’s stock worth $470,000 after buying an additional 170 shares during the period. Oxford Asset Management raised its position in CoreLogic by 14.7% in the first quarter. Oxford Asset Management now owns 89,360 shares of the business services provider’s stock worth $3,639,000 after buying an additional 11,459 shares during the period. Finally, FMR LLC raised its position in CoreLogic by 149.6% in the fourth quarter. FMR LLC now owns 702,662 shares of the business services provider’s stock worth $25,879,000 after buying an additional 421,139 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related companies with MarketBeat.com's FREE daily email newsletter.