Corelogic Inc (CLGX) Expected to Announce Quarterly Sales of $412.39 Million

Equities analysts predict that Corelogic Inc (NYSE:CLGX) will report $412.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Corelogic’s earnings, with estimates ranging from $411.09 million to $415.00 million. Corelogic posted sales of $454.16 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.2%. The company is scheduled to announce its next earnings report on Monday, February 25th.

According to Zacks, analysts expect that Corelogic will report full year sales of $1.80 billion for the current year. For the next financial year, analysts anticipate that the firm will report sales of $1.77 billion, with estimates ranging from $1.73 billion to $1.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Corelogic.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.05). The firm had revenue of $451.77 million for the quarter, compared to the consensus estimate of $476.84 million. Corelogic had a return on equity of 19.41% and a net margin of 9.46%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share.

Several analysts have weighed in on the company. Deutsche Bank dropped their price objective on Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a report on Monday. TheStreet cut Corelogic from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Zacks Investment Research raised Corelogic from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine cut Corelogic from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Robert W. Baird set a $36.00 price objective on Corelogic and gave the stock a “hold” rating in a report on Sunday, December 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.78.

In other news, Director John C. Dorman sold 8,723 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $39.74, for a total value of $346,652.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Martell sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $40.04, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 272,343 shares of the company’s stock, valued at $10,904,613.72. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Corelogic by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,566,188 shares of the business services provider’s stock valued at $373,846,000 after purchasing an additional 95,142 shares during the period. Vanguard Group Inc grew its position in shares of Corelogic by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 7,566,188 shares of the business services provider’s stock valued at $373,846,000 after purchasing an additional 95,142 shares during the period. BlackRock Inc. grew its position in shares of Corelogic by 0.9% in the 2nd quarter. BlackRock Inc. now owns 7,195,143 shares of the business services provider’s stock valued at $373,426,000 after purchasing an additional 61,325 shares during the period. Bessemer Group Inc. grew its position in shares of Corelogic by 0.7% in the 3rd quarter. Bessemer Group Inc. now owns 3,019,863 shares of the business services provider’s stock valued at $149,212,000 after purchasing an additional 21,096 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Corelogic by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,498,697 shares of the business services provider’s stock valued at $123,461,000 after purchasing an additional 96,247 shares during the period. 92.17% of the stock is owned by institutional investors.

Shares of NYSE:CLGX opened at $34.86 on Friday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.26 and a beta of 0.85. Corelogic has a 1-year low of $31.87 and a 1-year high of $55.79. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.37 and a quick ratio of 1.37.

Corelogic Company Profile

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).

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