Wall Street brokerages expect Corelogic Inc (NYSE:CLGX) to post earnings of $0.76 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Corelogic’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.72. Corelogic reported earnings per share of $1.00 during the same quarter last year, which would indicate a negative year over year growth rate of 24%. The firm is scheduled to report its next earnings report on Wednesday, July 24th.

On average, analysts expect that Corelogic will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.55. For the next financial year, analysts forecast that the business will report earnings of $2.83 per share, with EPS estimates ranging from $2.61 to $3.00. Zacks’ EPS calculations are an average based on a survey of analysts that cover Corelogic.

Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Corelogic had a net margin of 5.41% and a return on equity of 18.13%. The business had revenue of $417.71 million for the quarter, compared to analyst estimates of $404.20 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis.

Several research firms have recently issued reports on CLGX. Zacks Investment Research raised shares of Corelogic from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine raised shares of Corelogic from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. SunTrust Banks increased their target price on shares of Corelogic to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Finally, Robert W. Baird raised their price target on shares of Corelogic from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.30.

Shares of CLGX stock traded down $0.34 during mid-day trading on Tuesday, hitting $41.76. 6,348 shares of the stock were exchanged, compared to its average volume of 499,642. The stock’s fifty day moving average price is $41.14. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.22 and a current ratio of 1.22. Corelogic has a 52-week low of $31.87 and a 52-week high of $55.56. The company has a market capitalization of $3.44 billion, a P/E ratio of 17.65, a PEG ratio of 1.81 and a beta of 0.83.

In other Corelogic news, Director David F. Walker sold 2,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $40.50, for a total value of $81,000.00. Following the completion of the sale, the director now owns 45,219 shares in the company, valued at approximately $1,831,369.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul F. Folino sold 3,750 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $40.65, for a total transaction of $152,437.50. The disclosure for this sale can be found here. Insiders sold a total of 25,840 shares of company stock worth $1,062,405 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in Corelogic in the 1st quarter valued at about $25,000. Weaver Consulting Group acquired a new stake in Corelogic in the 1st quarter valued at about $65,000. AlphaOne Investment Services LLC raised its holdings in Corelogic by 18.5% in the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 264 shares during the last quarter. Group One Trading L.P. raised its holdings in Corelogic by 49.0% in the 1st quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 848 shares during the last quarter. Finally, NumerixS Investment Technologies Inc raised its holdings in Corelogic by 68.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,304 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

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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Earnings History and Estimates for Corelogic (NYSE:CLGX)

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