Corelogic (NYSE:CLGX) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.68. The company issued revenue guidance of $1.74-1.76 billion, compared to the consensus revenue estimate of $1.74 billion.Corelogic also updated its FY 2019 guidance to $2.65-2.75 EPS.
A number of research firms have recently issued reports on CLGX. Barclays began coverage on Corelogic in a research report on Wednesday, August 21st. They set an overweight rating and a $54.00 price target on the stock. ValuEngine downgraded Corelogic from a buy rating to a hold rating in a research report on Saturday, September 14th. Robert W. Baird set a $45.00 price target on Corelogic and gave the stock a hold rating in a research report on Friday, July 26th. Compass Point set a $44.00 price target on Corelogic and gave the stock a hold rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised Corelogic from a hold rating to a strong-buy rating and set a $53.00 price target on the stock in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Corelogic presently has an average rating of Buy and a consensus price target of $45.56.
CLGX stock traded up $0.64 during trading on Wednesday, reaching $47.44. 929,100 shares of the company traded hands, compared to its average volume of 529,391. Corelogic has a 12 month low of $31.87 and a 12 month high of $49.49. The business has a 50 day simple moving average of $46.76 and a 200 day simple moving average of $43.91. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.17.
Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The company had revenue of $459.54 million for the quarter, compared to the consensus estimate of $444.22 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts forecast that Corelogic will post 2.31 EPS for the current year.
In related news, Director J David Chatham sold 5,650 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $45.00, for a total transaction of $254,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul F. Folino sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $45.84, for a total value of $50,424.00. Following the sale, the director now directly owns 9,902 shares in the company, valued at approximately $453,907.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,550 shares of company stock worth $1,809,386. 1.10% of the stock is owned by corporate insiders.
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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