Corelogic Inc (NYSE:CLGX) – Analysts at SunTrust Banks increased their Q2 2020 earnings estimates for shares of Corelogic in a note issued to investors on Tuesday, July 7th. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will post earnings of $0.82 per share for the quarter, up from their previous forecast of $0.80. SunTrust Banks has a “Buy” rating and a $75.00 price target on the stock. SunTrust Banks also issued estimates for Corelogic’s Q4 2020 earnings at $0.76 EPS and FY2020 earnings at $3.14 EPS.

Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. Corelogic had a return on equity of 24.23% and a net margin of 4.56%. The firm had revenue of $443.89 million for the quarter, compared to analyst estimates of $438.44 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year.

Several other research analysts have also recently commented on the company. TheStreet raised Corelogic from a “c+” rating to a “b-” rating in a research report on Thursday, May 21st. Compass Point raised shares of Corelogic from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, May 4th. Robert W. Baird upped their target price on shares of Corelogic from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Deutsche Bank dropped their price target on shares of Corelogic from $39.00 to $27.00 and set a “sell” rating for the company in a research report on Monday, March 23rd. Finally, Stephens lifted their price objective on Corelogic from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, June 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Corelogic presently has an average rating of “Hold” and a consensus price target of $56.40.

Shares of NYSE:CLGX opened at $67.17 on Friday. The firm has a market capitalization of $5.39 billion, a PE ratio of 66.51, a PEG ratio of 2.15 and a beta of 1.34. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.71. Corelogic has a 1-year low of $24.69 and a 1-year high of $69.36. The business’s 50 day moving average is $54.30 and its 200-day moving average is $45.44.

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 29th. Corelogic’s dividend payout ratio (DPR) is currently 35.20%.

In other Corelogic news, Director Paul F. Folino sold 1,800 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $42.32, for a total value of $76,176.00. Following the completion of the sale, the director now owns 11,820 shares in the company, valued at approximately $500,222.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Martell sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $40.16, for a total transaction of $301,200.00. Following the completion of the transaction, the chief executive officer now directly owns 360,886 shares of the company’s stock, valued at $14,493,181.76. The disclosure for this sale can be found here. Insiders sold a total of 17,932 shares of company stock worth $774,110 over the last three months. 1.60% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new position in Corelogic in the 2nd quarter worth approximately $307,000. Gradient Investments LLC acquired a new stake in shares of Corelogic in the 2nd quarter valued at $207,000. Polianta Ltd acquired a new stake in shares of Corelogic in the 2nd quarter valued at $994,000. Envestnet Asset Management Inc. raised its position in shares of Corelogic by 5.8% during the second quarter. Envestnet Asset Management Inc. now owns 43,240 shares of the business services provider’s stock worth $2,907,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Park National Corp OH acquired a new position in shares of Corelogic during the second quarter valued at $205,000. 90.49% of the stock is owned by institutional investors and hedge funds.

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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