CoreLogic (CLGX) Earning Somewhat Favorable News Coverage, Analysis Finds
Media headlines about CoreLogic (NYSE:CLGX) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreLogic earned a news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.5183844632292 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- 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 (CLGX) traded down $0.26 during trading on Monday, hitting $44.40. 379,236 shares of the stock traded hands, compared to its average volume of 498,354. The stock has a market capitalization of $3,678.81, a P/E ratio of 22.11, a P/E/G ratio of 1.99 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. CoreLogic has a 1-year low of $34.59 and a 1-year high of $49.30.
CoreLogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $483.10 million for the quarter, compared to the consensus estimate of $490.09 million. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. research analysts predict that CoreLogic will post 2.04 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of CoreLogic from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of CoreLogic in a research note on Thursday, July 27th. Barclays PLC lifted their target price on shares of CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. CoreLogic presently has a consensus rating of “Hold” and a consensus target price of $46.50.
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In related news, Director Mary Lee Widener sold 900 shares of the firm’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 completion of the sale, the director now directly owns 8,434 shares in the company, valued at $393,867.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 156,661 shares of the company’s stock, valued at $7,364,633.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,492 shares of company stock valued at $2,799,979. 1.20% of the stock is currently owned by corporate 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.
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