CoreLogic, Inc. (CLGX) Expected to Announce Earnings of $0.72 Per Share
Equities research analysts expect CoreLogic, Inc. (NYSE:CLGX) to announce earnings per share of $0.72 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for CoreLogic’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.67. CoreLogic posted earnings of $0.73 per share in the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that CoreLogic will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.27 to $2.40. For the next year, analysts anticipate that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.40 to $2.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for CoreLogic.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $473.98 million during the quarter, compared to the consensus estimate of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS.
CLGX has been the subject of several research reports. Zacks Investment Research upgraded shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a research report on Thursday, July 27th. Robert W. Baird increased their price objective on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. CoreLogic currently has a consensus rating of “Hold” and a consensus price target of $45.00.
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Shares of CoreLogic (CLGX) traded up 0.13% during trading on Friday, reaching $46.92. 85,935 shares of the company were exchanged. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 43.09 and a beta of 0.93. CoreLogic has a 1-year low of $34.59 and a 1-year high of $48.02. The stock’s 50 day moving average is $46.45 and its 200 day moving average is $43.61.
In related news, CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $47.11, for a total value of $1,667,317.12. Following the transaction, the chief executive officer now owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the transaction, the insider now directly owns 156,661 shares in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. Insiders sold a total of 71,242 shares of company stock valued at $3,325,193 in the last 90 days. Company insiders own 1.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Somerset Trust Co increased its stake in CoreLogic by 0.4% in the 2nd quarter. Somerset Trust Co now owns 10,666 shares of the business services provider’s stock worth $463,000 after buying an additional 47 shares during the period. World Asset Management Inc increased its stake in CoreLogic by 2.1% in the 2nd quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock worth $254,000 after buying an additional 120 shares during the period. Capstone Asset Management Co. increased its stake in CoreLogic by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 11,682 shares of the business services provider’s stock worth $507,000 after buying an additional 130 shares during the period. Advantus Capital Management Inc increased its stake in CoreLogic by 1.3% in the 1st quarter. Advantus Capital Management Inc now owns 10,802 shares of the business services provider’s stock worth $440,000 after buying an additional 141 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in CoreLogic by 0.7% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 37,916 shares of the business services provider’s stock worth $1,543,000 after buying an additional 275 shares during the period. 88.16% of the stock is currently owned by institutional investors.
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.
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