Corelogic Inc (NYSE:CLGX) – Research analysts at Piper Jaffray Companies reduced their Q2 2020 EPS estimates for Corelogic in a research note issued to investors on Monday, April 15th. Piper Jaffray Companies analyst J. Deleeuw now expects that the business services provider will post earnings of $0.72 per share for the quarter, down from their prior estimate of $0.89.
Several other equities analysts have also recently weighed in on CLGX. ValuEngine upgraded Corelogic from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research cut Corelogic from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Deutsche Bank cut their price target on Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a report on Monday, January 7th. Robert W. Baird set a $36.00 price target on Corelogic and gave the company a “hold” rating in a report on Sunday, December 23rd. Finally, Stephens cut Corelogic from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $51.00 to $40.00 in a report on Tuesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.78.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $403.31 million during the quarter, compared to analysts’ expectations of $412.00 million. Corelogic had a return on equity of 18.89% and a net margin of 6.81%. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS.
In other Corelogic news, CEO Frank Martell sold 10,000 shares of Corelogic stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the sale, the chief executive officer now directly owns 267,243 shares of the company’s stock, valued at approximately $10,692,392.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CLGX. Arizona State Retirement System lifted its position in shares of Corelogic by 0.6% in the 4th quarter. Arizona State Retirement System now owns 57,822 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 344 shares in the last quarter. Huntington National Bank boosted its position in Corelogic by 12.7% during the 4th quarter. Huntington National Bank now owns 3,814 shares of the business services provider’s stock worth $127,000 after purchasing an additional 430 shares during the period. Comerica Bank boosted its position in Corelogic by 1.2% during the 4th quarter. Comerica Bank now owns 52,553 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 622 shares during the period. First American Trust FSB boosted its position in Corelogic by 0.8% during the 1st quarter. First American Trust FSB now owns 98,141 shares of the business services provider’s stock worth $3,657,000 after purchasing an additional 754 shares during the period. Finally, California State Teachers Retirement System boosted its position in Corelogic by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 128,870 shares of the business services provider’s stock worth $4,307,000 after purchasing an additional 791 shares during the period. 91.67% of the stock is owned by institutional investors and hedge funds.
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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