Analysts expect Corelogic Inc (NYSE:CLGX) to announce $478.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Corelogic’s earnings. The highest sales estimate is $484.23 million and the lowest is $469.90 million. Corelogic posted sales of $483.13 million during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that Corelogic will report full-year sales of $1.86 billion for the current year, with estimates ranging from $1.85 billion to $1.87 billion. For the next year, analysts expect that the business will post sales of $1.88 billion, with estimates ranging from $1.86 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Corelogic.

Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, July 25th. The business services provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.20. Corelogic had a return on equity of 20.14% and a net margin of 9.74%. The company had revenue of $488.40 million during the quarter, compared to the consensus estimate of $476.74 million. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year.

Several research analysts have recently commented on the company. Wells Fargo & Co lifted their target price on Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. Wolfe Research began coverage on Corelogic in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Piper Jaffray Companies dropped their price target on Corelogic from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, July 27th. Zacks Investment Research raised Corelogic from a “hold” rating to a “strong-buy” rating and set a $58.00 price target for the company in a report on Friday, July 27th. Finally, ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $50.11.

In other Corelogic news, CEO Frank Martell sold 10,000 shares of Corelogic stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $49.05, for a total value of $490,500.00. Following the completion of the transaction, the chief executive officer now directly owns 282,343 shares of the company’s stock, valued at approximately $13,848,924.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul F. Folino sold 3,400 shares of Corelogic stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $49.28, for a total value of $167,552.00. Following the completion of the transaction, the director now directly owns 11,002 shares of the company’s stock, valued at $542,178.56. The disclosure for this sale can be found here. Insiders sold a total of 31,975 shares of company stock valued at $1,586,247 over the last ninety days. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bruderman Asset Management LLC bought a new position in shares of Corelogic in the 2nd quarter valued at $115,000. Fort L.P. bought a new position in shares of Corelogic in the 2nd quarter valued at $118,000. Global X Management Co LLC bought a new position in shares of Corelogic in the 2nd quarter valued at $180,000. Cubist Systematic Strategies LLC bought a new position in shares of Corelogic in the 1st quarter valued at $213,000. Finally, TLP Group LLC increased its stake in shares of Corelogic by 8,732.7% in the 1st quarter. TLP Group LLC now owns 4,858 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 4,803 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CLGX traded up $0.59 during midday trading on Wednesday, hitting $45.49. 601,277 shares of the company’s stock were exchanged, compared to its average volume of 446,128. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.72. Corelogic has a 12 month low of $42.00 and a 12 month high of $55.79. The company has a market capitalization of $4.00 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.85 and a beta of 0.60.

Corelogic Company Profile

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

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