Wall Street brokerages predict that CoreLogic, Inc. (NYSE:CLGX) will announce earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for CoreLogic’s earnings, with estimates ranging from $0.47 to $0.54. CoreLogic reported earnings per share of $0.56 during the same quarter last year, which would suggest a negative year over year growth rate of 8.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that CoreLogic will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.37. For the next financial year, analysts forecast that the business will report earnings of $2.48 per share, with EPS estimates ranging from $2.29 to $2.71. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow CoreLogic.

CoreLogic (NYSE:CLGX) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the 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 the consensus estimate of $490.09 million. During the same period last year, the business posted $0.73 EPS. The company’s revenue was down 7.8% on a year-over-year basis.

A number of analysts recently weighed in on the company. Barclays lifted their price target on CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. SunTrust Banks downgraded CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a research note on Tuesday, November 28th. BidaskClub downgraded CoreLogic from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $50.00 price target on shares of CoreLogic in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. CoreLogic presently has a consensus rating of “Hold” and a consensus target price of $46.50.

Shares of CoreLogic (NYSE CLGX) traded up $0.33 during mid-day trading on Friday, hitting $44.52. The company’s stock had a trading volume of 877,800 shares, compared to its average volume of 505,017. CoreLogic has a one year low of $34.59 and a one year high of $49.30. The stock has a market cap of $3,640.10, a P/E ratio of 21.88, a P/E/G ratio of 1.97 and a beta of 0.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69.

In other news, CEO Frank Martell sold 35,392 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total value of $1,667,317.12. Following the completion of the transaction, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Lee Widener sold 900 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new position in shares of CoreLogic in the second quarter worth $211,000. Invictus RG grew its position in shares of CoreLogic by 98.4% in the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CoreLogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 283 shares during the period. Covington Capital Management purchased a new stake in shares of CoreLogic in the second quarter valued at $202,000. Finally, Calamos Advisors LLC purchased a new stake in shares of CoreLogic in the third quarter valued at $218,000. 88.84% of the stock is owned by institutional investors.

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CoreLogic Company Profile

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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Earnings History and Estimates for CoreLogic (NYSE:CLGX)

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