Corelogic Inc (CLGX) Expected to Announce Earnings of $0.53 Per Share

Equities analysts expect Corelogic Inc (NYSE:CLGX) to post $0.53 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Corelogic’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.59. Corelogic posted earnings of $0.56 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 5.4%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, February 26th.

According to Zacks, analysts expect that Corelogic will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.28 to $2.40. For the next year, analysts expect that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.29 to $2.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Corelogic.

CLGX has been the subject of several recent research reports. BidaskClub cut Corelogic from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research cut Corelogic from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. SunTrust Banks cut Corelogic from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a research report on Tuesday, November 28th. William Blair cut Corelogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Finally, Compass Point started coverage on Corelogic in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $49.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.88.

Shares of Corelogic (NYSE CLGX) traded down $0.62 during midday trading on Friday, reaching $42.81. The company had a trading volume of 1,036,948 shares, compared to its average volume of 532,508. Corelogic has a 1 year low of $36.31 and a 1 year high of $49.30. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $3,560.00, a PE ratio of 40.39, a PEG ratio of 1.93 and a beta of 0.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invictus RG lifted its position in shares of Corelogic by 98.4% in the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the last quarter. Covington Capital Management acquired a new stake in shares of Corelogic in the second quarter valued at approximately $202,000. Calamos Advisors LLC bought a new position in shares of Corelogic during the third quarter worth approximately $218,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Corelogic by 46.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock worth $227,000 after purchasing an additional 1,570 shares during the period. Finally, Charter Trust Co. bought a new position in shares of Corelogic during the fourth quarter worth approximately $249,000. 88.84% of the stock is owned by institutional investors.

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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.

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