Corelogic (NYSE:CLGX) Issues FY20 Earnings Guidance

Corelogic (NYSE:CLGX) updated its FY20 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 $3.03. 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 2020
Pre-Market guidance to 3.40-3.60 EPS.

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Corelogic from $52.00 to $55.00 and gave the stock a neutral rating in a research report on Friday, June 26th. SunTrust Banks upgraded Corelogic from a hold rating to a buy rating and boosted their target price for the stock from $38.00 to $75.00 in a research report on Friday, June 26th. Compass Point upgraded Corelogic from a neutral rating to a buy rating and set a $48.00 target price for the company in a research report on Monday, May 4th. 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. Finally, Deutsche Bank cut their price objective on Corelogic from $39.00 to $27.00 and set a sell rating on the stock in a report on Monday, March 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Corelogic currently has a consensus rating of Hold and an average price target of $52.10.

Shares of Corelogic stock opened at $68.67 on Wednesday. Corelogic has a 12-month low of $24.69 and a 12-month high of $69.00. The stock has a market cap of $5.32 billion, a P/E ratio of 67.99, a P/E/G ratio of 2.12 and a beta of 1.34. 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 business’s 50 day moving average is $52.88 and its 200-day moving average is $45.05.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. Corelogic had a return on equity of 24.23% and a net margin of 4.56%. The company had revenue of $443.89 million for the quarter, compared to analysts’ expectations of $438.44 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Corelogic will post 2.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, May 29th. Corelogic’s payout ratio is presently 35.20%.

In other news, Director John C. Dorman sold 3,190 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $51.05, for a total transaction of $162,849.50. Following the sale, the director now directly owns 18,118 shares of the company’s stock, valued at approximately $924,923.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frank Martell sold 7,500 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $40.16, for a total value of $301,200.00. Following the sale, the chief executive officer now directly owns 360,886 shares in the company, valued at $14,493,181.76. The disclosure for this sale can be found here. Insiders have 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 insiders.

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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