CoreLogic (CLGX) Receiving Somewhat Favorable Press Coverage, Study Finds
News articles about CoreLogic (NYSE:CLGX) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoreLogic earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.6904403052281 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Mortgage delinquency rates plunge to lowest since before Great Recession (centralvalleybusinesstimes.com)
- Quote From CoreLogic Chief Economist Dr. Frank Nothaft, Commenting On August 2017 Mortgage Loan Performance (Graphic: Business Wire) (thestreet.com)
- CoreLogic : Reports Mortgage Delinquency Rates Lowest in More Than a Decade (4-traders.com)
- Analysts Anticipate CoreLogic, Inc. (CLGX) Will Announce Earnings of $0.51 Per Share (americanbankingnews.com)
- CoreLogic Reports Mortgage Delinquency Rates Lowest in More Than a Decade (finance.yahoo.com)
CoreLogic (NYSE:CLGX) traded down $0.20 during midday trading on Wednesday, hitting $44.86. 622,400 shares of the stock traded hands, compared to its average volume of 498,015. CoreLogic has a one year low of $34.59 and a one year high of $49.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $3,711.76, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.01 and a beta of 0.87.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The company had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. equities research analysts expect that CoreLogic will post 2.04 earnings per share for the current fiscal year.
CLGX has been the topic of several analyst reports. BidaskClub cut shares of CoreLogic from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. CoreLogic currently has an average rating of “Hold” and a consensus target price of $46.50.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/15/corelogic-clgx-receiving-somewhat-favorable-press-coverage-study-finds.html.
In related news, Director Mary Lee Widener sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the sale, the director now owns 8,434 shares of the company’s stock, valued at approximately $393,867.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barry M. Sando sold 23,200 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the transaction, the insider now directly owns 156,661 shares in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. Insiders have sold a total of 59,492 shares of company stock worth $2,799,979 in the last ninety days. 1.20% of the stock is currently owned by insiders.
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.
Receive News & Stock Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related stocks with our FREE daily email newsletter.