$441.69 Million in Sales Expected for Corelogic Inc (CLGX) This Quarter
Wall Street brokerages expect Corelogic Inc (NYSE:CLGX) to announce $441.69 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Corelogic’s earnings, with the lowest sales estimate coming in at $439.50 million and the highest estimate coming in at $445.33 million. Corelogic reported sales of $488.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The business is expected to report its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Corelogic will report full-year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.66 billion to $1.68 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.73 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Corelogic.
Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The business had revenue of $417.71 million during the quarter, compared to analysts’ expectations of $404.20 million. During the same period in the prior year, the firm posted $0.52 EPS. Corelogic’s quarterly revenue was down 6.1% compared to the same quarter last year.
In other Corelogic news, Director Douglas C. Curling sold 15,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $41.00, for a total value of $615,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul F. Folino sold 3,750 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $40.65, for a total value of $152,437.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,650 shares of company stock worth $924,438. 1.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new position in Corelogic in the 1st quarter valued at $25,000. AlphaOne Investment Services LLC boosted its position in Corelogic by 18.5% in the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after buying an additional 264 shares during the last quarter. Group One Trading L.P. boosted its position in Corelogic by 49.0% in the 1st quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after buying an additional 848 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Corelogic by 68.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock valued at $118,000 after buying an additional 1,304 shares during the last quarter. Finally, One Wealth Advisors LLC bought a new position in shares of Corelogic in the 1st quarter worth $124,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.
Shares of CLGX traded down $0.80 during mid-day trading on Tuesday, reaching $39.19. The company had a trading volume of 903,455 shares, compared to its average volume of 423,785. Corelogic has a twelve month low of $31.87 and a twelve month high of $55.79. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.71. The stock has a market cap of $3.23 billion, a PE ratio of 16.61, a PEG ratio of 1.70 and a beta of 0.85.
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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