$437.27 Million in Sales Expected for CoreLogic (CLGX) This Quarter

Equities research analysts forecast that CoreLogic (NYSE:CLGX) will post sales of $437.27 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for CoreLogic’s earnings. The highest sales estimate is $442.29 million and the lowest is $432.53 million. CoreLogic reported sales of $439.85 million in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that CoreLogic will report full-year sales of $1.85 billion for the current financial year, with estimates ranging from $1.83 billion to $1.86 billion. For the next financial year, analysts anticipate that the business will post sales of $1.88 billion per share, with estimates ranging from $1.85 billion to $1.92 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for CoreLogic.

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CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $454.16 million during the quarter, compared to the consensus estimate of $450.54 million. CoreLogic had a net margin of 8.22% and a return on equity of 16.73%. CoreLogic’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

A number of equities analysts recently commented on CLGX shares. Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, April 3rd. Barclays reissued a “buy” rating and issued a $58.00 price objective on shares of CoreLogic in a research note on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $52.00 price objective on shares of CoreLogic in a research note on Tuesday, February 27th. Robert W. Baird reduced their price objective on shares of CoreLogic from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Finally, Compass Point started coverage on shares of CoreLogic in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $49.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.56.

Shares of NYSE:CLGX opened at $45.26 on Friday. The company has a market capitalization of $3,702.73, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89. CoreLogic has a 52 week low of $38.49 and a 52 week high of $49.30. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.67.

In other news, insider Barry M. Sando sold 1,383 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $46.00, for a total transaction of $63,618.00. Following the transaction, the insider now directly owns 174,154 shares of the company’s stock, valued at $8,011,084. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently modified their holdings of CLGX. Lazard Asset Management LLC increased its position in shares of CoreLogic by 70.3% during the fourth quarter. Lazard Asset Management LLC now owns 3,316,386 shares of the business services provider’s stock worth $153,250,000 after purchasing an additional 1,368,543 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of CoreLogic by 136.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 629,224 shares of the business services provider’s stock worth $29,076,000 after purchasing an additional 362,858 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of CoreLogic during the fourth quarter worth $10,879,000. Deutsche Bank AG increased its position in shares of CoreLogic by 108.3% during the fourth quarter. Deutsche Bank AG now owns 266,625 shares of the business services provider’s stock worth $12,318,000 after purchasing an additional 138,616 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of CoreLogic by 1.8% during the fourth quarter. BlackRock Inc. now owns 6,974,865 shares of the business services provider’s stock worth $322,310,000 after purchasing an additional 120,789 shares in the last quarter. 89.80% of the stock is currently owned by institutional investors and hedge funds.

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About CoreLogic

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

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