Corelogic (NYSE:CLGX) Releases FY 2020 Pre-Market Earnings Guidance

Corelogic (NYSE:CLGX) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 3.40-3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.04. The company issued revenue guidance of $1.84-1.88 billion, compared to the consensus revenue estimate of $1.73 billion.Corelogic also updated its FY 2021
Pre-Market guidance to EPS.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Co lowered shares of Corelogic from an overweight rating to an equal weight rating and boosted their price objective for the stock from $60.00 to $65.00 in a report on Monday, June 29th. Compass Point upgraded shares of Corelogic from a neutral rating to a buy rating and set a $48.00 price target for the company in a report on Monday, May 4th. ValuEngine upgraded shares of Corelogic from a sell rating to a hold rating in a report on Monday, March 9th. TheStreet upgraded shares of Corelogic from a c+ rating to a b- rating in a report on Thursday, May 21st. Finally, Robert W. Baird upped their price target on shares of Corelogic from $52.00 to $55.00 and gave the company a neutral rating in a report on Friday, June 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $52.10.

Shares of NYSE CLGX opened at $67.01 on Tuesday. The firm’s 50-day moving average price is $52.40 and its 200-day moving average price is $44.93. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.71. The company has a market cap of $5.28 billion, a PE ratio of 66.35, a PEG ratio of 2.10 and a beta of 1.34. Corelogic has a 52-week low of $24.69 and a 52-week high of $68.53.

Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. Corelogic had a net margin of 4.56% and a return on equity of 24.23%. The firm had revenue of $443.89 million for the quarter, compared to the consensus estimate of $438.44 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Corelogic will post 2.64 EPS for the current fiscal year.

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, May 29th. Corelogic’s dividend payout ratio (DPR) is presently 35.20%.

In other news, CEO Frank Martell sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $40.16, for a total value of $301,200.00. Following the transaction, the chief executive officer now owns 360,886 shares in the company, valued at approximately $14,493,181.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry M. Sando sold 1,142 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $43.00, for a total transaction of $49,106.00. Following the completion of the transaction, the director now owns 156,305 shares in the company, valued at approximately $6,721,115. The disclosure for this sale can be found here. Insiders sold a total of 17,932 shares of company stock worth $774,110 in the last quarter. Company insiders own 1.60% of the company’s stock.

About Corelogic

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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