Corelogic (CLGX) Updates FY18 Earnings Guidance

Corelogic (NYSE:CLGX) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57. The company issued revenue guidance of $1.825-1875 billion, compared to the consensus revenue estimate of $1.85 billion.

A number of research analysts have weighed in on the stock. Compass Point lowered shares of Corelogic from a neutral rating to a sell rating and set a $43.00 price objective on the stock. in a research note on Tuesday, February 6th. Robert W. Baird dropped their price objective on shares of Corelogic from $48.00 to $47.00 and set a neutral rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Corelogic from a sell rating to a hold rating in a research report on Tuesday, January 30th. Barclays raised their price target on shares of Corelogic from $50.00 to $52.00 and gave the company an overweight rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies restated a hold rating and set a $50.00 price objective on shares of Corelogic in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $48.88.

Shares of Corelogic (NYSE:CLGX) traded up $0.38 during trading hours on Thursday, reaching $45.15. 121,124 shares of the company traded hands, compared to its average volume of 549,365. Corelogic has a 12 month low of $36.31 and a 12 month high of $49.30. The stock has a market capitalization of $3,579.14, a PE ratio of 21.51, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69.

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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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