Corelogic (NYSE:CLGX) updated its FY 2020
Pre-Market earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 3.50-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.93. The company issued revenue guidance of $1.55-1.575 billion, compared to the consensus revenue estimate of $1.93 billion.Corelogic also updated its FY 2021
Pre-Market guidance to 4.00-4.20 EPS.
A number of equities research analysts have weighed in on the company. Compass Point downgraded Corelogic from a buy rating to a neutral rating in a report on Friday, July 24th. Barclays lifted their target price on Corelogic from $70.00 to $73.00 and gave the stock an equal weight rating in a report on Friday, October 9th. Oppenheimer reiterated a hold rating on shares of Corelogic in a report on Thursday, July 23rd. Wolfe Research lifted their target price on Corelogic from $70.00 to $73.00 and gave the stock a peer perform rating in a report on Wednesday, July 8th. Finally, Robert W. Baird lifted their target price on Corelogic from $52.00 to $55.00 and gave the stock a neutral rating in a report on Friday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Corelogic has an average rating of Hold and a consensus price target of $60.00.
Shares of Corelogic stock opened at $68.68 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.68 and a current ratio of 1.68. Corelogic has a 52 week low of $24.69 and a 52 week high of $69.87. The stock has a 50 day moving average price of $67.30 and a two-hundred day moving average price of $56.36. The stock has a market capitalization of $5.46 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25.
Corelogic (NYSE:CLGX) last announced its earnings results on Thursday, July 23rd. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The company had revenue of $477.46 million for the quarter, compared to analysts’ expectations of $463.31 million. Corelogic had a return on equity of 25.08% and a net margin of 8.09%. Corelogic’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Research analysts forecast that Corelogic will post 3.44 EPS for the current year.
CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
Further Reading: Example of operating income, EBIT and EBITDA
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