Wall Street analysts predict that Corelogic Inc (NYSE:CLGX) will announce $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Corelogic’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.68. Corelogic reported earnings of $0.48 per share during the same quarter last year, which indicates a positive year over year growth rate of 35.4%. The firm is scheduled to report its next earnings report on Tuesday, February 25th.

On average, analysts expect that Corelogic will report full-year earnings of $2.72 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.74. For the next financial year, analysts forecast that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.80 to $3.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Corelogic.

Corelogic (NYSE:CLGX) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $458.96 million during the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share.

CLGX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. SunTrust Banks set a $44.00 price objective on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, October 25th. Wolfe Research downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research note on Friday, October 25th. ValuEngine downgraded shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank downgraded shares of Corelogic from a “hold” rating to a “sell” rating and lowered their price objective for the company from $43.00 to $39.00 in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.00.

Shares of NYSE:CLGX traded up $0.05 during midday trading on Thursday, hitting $46.04. 251,840 shares of the stock traded hands, compared to its average volume of 655,950. The stock has a market capitalization of $3.65 billion, a PE ratio of 19.51, a P/E/G ratio of 1.63 and a beta of 0.69. The business’s 50 day moving average is $42.73 and its two-hundred day moving average is $44.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75. Corelogic has a one year low of $34.29 and a one year high of $49.49.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, January 9th. Corelogic’s dividend payout ratio is currently 37.29%.

In related news, CEO Frank Martell sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $43.99, for a total transaction of $329,925.00. Following the transaction, the chief executive officer now owns 311,095 shares in the company, valued at $13,685,069.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vikrant Raina purchased 2,500 shares of Corelogic stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average price of $39.97 per share, for a total transaction of $99,925.00. Following the transaction, the director now directly owns 11,384 shares of the company’s stock, valued at $455,018.48. The disclosure for this purchase can be found here. Insiders have sold 11,500 shares of company stock worth $491,605 in the last quarter. 1.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CLGX. First Trust Advisors LP grew its holdings in Corelogic by 56.8% in the first quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock worth $6,375,000 after purchasing an additional 62,013 shares during the period. Advisor Group Inc. grew its holdings in Corelogic by 65.8% in the second quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock worth $57,000 after purchasing an additional 538 shares during the period. Russell Investments Group Ltd. grew its holdings in Corelogic by 2.6% in the second quarter. Russell Investments Group Ltd. now owns 31,355 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 809 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Corelogic by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 553,685 shares of the business services provider’s stock worth $23,161,000 after purchasing an additional 5,257 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Corelogic by 102.3% in the second quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after purchasing an additional 333,380 shares during the period. Institutional investors and hedge funds own 92.27% 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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