Equities research analysts predict that Corelogic Inc (NYSE:CLGX) will post $477.98 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Corelogic’s earnings, with estimates ranging from $469.90 million to $484.23 million. Corelogic reported sales of $483.13 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The business is scheduled to report its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Corelogic will report full year sales of $1.86 billion for the current financial year, with estimates ranging from $1.85 billion to $1.87 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.88 billion per share, with estimates ranging from $1.86 billion to $1.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Corelogic.

Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $476.74 million. Corelogic had a return on equity of 20.14% and a net margin of 9.74%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS.

Several equities analysts recently issued reports on CLGX shares. Zacks Investment Research cut Corelogic from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Piper Jaffray Companies lowered their price objective on Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Wolfe Research started coverage on Corelogic in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Co upped their price objective on Corelogic from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, June 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.11.

CLGX stock traded up $0.15 during midday trading on Wednesday, hitting $50.31. The company’s stock had a trading volume of 27,579 shares, compared to its average volume of 376,434. The stock has a market capitalization of $4.06 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Corelogic has a 12 month low of $42.00 and a 12 month high of $55.79. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.72.

In other news, Director Paul F. Folino sold 3,400 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $49.28, for a total value of $167,552.00. Following the completion of the sale, the director now directly owns 11,002 shares in the company, valued at approximately $542,178.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Lee Widener sold 625 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $48.19, for a total value of $30,118.75. Following the completion of the sale, the director now owns 9,319 shares of the company’s stock, valued at $449,082.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,275 shares of company stock valued at $750,746. Company insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Corelogic by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,252,662 shares of the business services provider’s stock worth $65,013,000 after buying an additional 168,931 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Corelogic by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 149,794 shares of the business services provider’s stock worth $7,774,000 after buying an additional 2,234 shares during the period. Global X Management Co LLC bought a new position in Corelogic in the 2nd quarter worth $180,000. California Public Employees Retirement System boosted its holdings in Corelogic by 5.6% in the 2nd quarter. California Public Employees Retirement System now owns 290,030 shares of the business services provider’s stock worth $15,053,000 after buying an additional 15,327 shares during the period. Finally, Bruderman Asset Management LLC bought a new position in Corelogic in the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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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