CoreLogic, Inc. (NYSE:CLGX) Expected to Announce Quarterly Sales of $410.26 Million


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Wall Street analysts expect CoreLogic, Inc. (NYSE:CLGX) to announce $402.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CoreLogic’s earnings, with the lowest sales estimate coming in at $394.75 million and the highest estimate coming in at $410.26 million. CoreLogic posted sales of $443.89 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.3%. The firm is expected to issue its next earnings results on Thursday, April 29th.

On average, analysts expect that CoreLogic will report full-year sales of $1.66 billion for the current financial year. For the next year, analysts forecast that the business will report sales of $1.65 billion, with estimates ranging from $1.59 billion to $1.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CoreLogic.

CoreLogic (NYSE:CLGX) last posted its earnings results on Sunday, February 28th. The business services provider reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.22. CoreLogic had a net margin of 13.23% and a return on equity of 27.11%. The company had revenue of $467.64 million during the quarter, compared to analysts’ expectations of $430.07 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. CoreLogic’s revenue for the quarter was up 32.5% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Wolfe Research cut shares of CoreLogic from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, January 6th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating and set a $87.00 price target for the company. in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $69.44.

Several institutional investors have recently modified their holdings of CLGX. First Trust Advisors LP raised its holdings in shares of CoreLogic by 56.8% during 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 last quarter. Wealth Alliance grew its position in CoreLogic by 5.3% during the third quarter. Wealth Alliance now owns 4,741 shares of the business services provider’s stock valued at $321,000 after buying an additional 239 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in CoreLogic during the third quarter valued at $1,171,000. California State Teachers Retirement System grew its position in CoreLogic by 2.0% during the third quarter. California State Teachers Retirement System now owns 136,009 shares of the business services provider’s stock valued at $9,204,000 after buying an additional 2,665 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in CoreLogic during the third quarter valued at $2,231,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

NYSE:CLGX traded down $0.02 during midday trading on Friday, reaching $79.83. 1,177,083 shares of the stock traded hands, compared to its average volume of 1,437,750. CoreLogic has a 12-month low of $35.48 and a 12-month high of $90.70. The business has a 50-day moving average of $79.50 and a two-hundred day moving average of $77.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $5.84 billion, a PE ratio of 27.43 and a beta of 1.09.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.32 annualized dividend and a dividend yield of 1.65%. CoreLogic’s dividend payout ratio (DPR) is presently 52.80%.

About CoreLogic

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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