Corelogic Inc (CLGX) Releases FY14 Earnings Guidance
Corelogic Inc (NASDAQ:CLGX) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.25-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.46, Stock Ratings News reports. The company issued revenue guidance of $1.33-1.37 billion, compared to the consensus revenue estimate of $1.37 billion.
A number of research firms have recently commented on CLGX. Analysts at Monness Crespi & Hardt initiated coverage on shares of Corelogic in a research note on Monday, July 7th. They set a buy rating and a $40.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Corelogic from an underperform rating to a neutral rating in a research note on Thursday, May 1st. They now have a $28.70 price target on the stock. Finally, analysts at Macquarie reiterated a neutral rating on shares of Corelogic in a research note on Tuesday, April 29th. They now have a $29.00 price target on the stock, down previously from $32.00. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $34.54.
Shares of Corelogic Inc (NASDAQ:CLGX) traded up 0.40% during mid-day trading on Wednesday, hitting $30.09. 329,388 shares of the company’s stock traded hands. Corelogic Inc has a 1-year low of $25.49 and a 1-year high of $36.19. The stock has a 50-day moving average of $29.81 and a 200-day moving average of $30.72. The company has a market cap of $2.763 billion and a P/E ratio of 39.96.
Corelogic (NASDAQ:CLGX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $349.42 million for the quarter, compared to the consensus estimate of $352.26 million. During the same quarter last year, the company posted $0.46 earnings per share. Corelogic’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Corelogic Inc will post $1.46 earnings per share for the current fiscal year.
CoreLogic, Inc (NASDAQ:CLGX), is a provider of property information, analytics and services provider in the United States of America and Australia.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.