CoreLogic, Inc. (NYSE:CLGX) – Analysts at Oppenheimer decreased their Q1 2018 earnings per share estimates for CoreLogic in a research report issued on Tuesday. Oppenheimer analyst G. Greene now expects that the business services provider will earn $0.34 per share for the quarter, down from their prior forecast of $0.39. Oppenheimer also issued estimates for CoreLogic’s Q2 2018 earnings at $0.59 EPS and FY2018 earnings at $2.05 EPS.

CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. 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 company earned $0.73 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year.

CLGX has been the topic of a number of other research reports. BidaskClub lowered CoreLogic from a “buy” rating to a “hold” rating in a report on Friday, September 15th. William Blair downgraded shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “hold” rating and set a $50.00 price target on shares of CoreLogic in a research report on Friday, October 27th. SunTrust Banks downgraded shares of CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a research report on Tuesday. Finally, Zacks Investment Research downgraded shares of CoreLogic from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.50.

Shares of CoreLogic (NYSE:CLGX) opened at $43.62 on Friday. CoreLogic has a twelve month low of $34.59 and a twelve month high of $49.30. The firm has a market capitalization of $3,592.32, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.33 and a quick ratio of 1.33.

Several institutional investors have recently modified their holdings of CLGX. DF Dent & Co. Inc. grew its stake in CoreLogic by 58.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 30,206 shares of the business services provider’s stock worth $1,396,000 after acquiring an additional 11,134 shares during the period. Neuberger Berman Group LLC grew its stake in CoreLogic by 4.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,360,517 shares of the business services provider’s stock worth $62,883,000 after acquiring an additional 60,714 shares during the period. California Public Employees Retirement System grew its stake in CoreLogic by 7.4% in the 3rd quarter. California Public Employees Retirement System now owns 247,349 shares of the business services provider’s stock worth $11,432,000 after acquiring an additional 17,049 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in CoreLogic by 111.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,455 shares of the business services provider’s stock worth $483,000 after acquiring an additional 5,500 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in CoreLogic in the 3rd quarter worth approximately $363,000. Hedge funds and other institutional investors own 88.87% of the company’s stock.

In related news, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the transaction, the chief executive officer now directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Lee Widener sold 900 shares of CoreLogic stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now owns 8,434 shares of the company’s stock, valued at $393,867.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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About CoreLogic

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.

Earnings History and Estimates for CoreLogic (NYSE:CLGX)

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