Corelogic (NYSE:CLGX) Issues FY 2019 After-Hours Earnings Guidance

Corelogic (NYSE:CLGX) issued an update on its FY 2019
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74. The company issued revenue guidance of $1.76 billion, compared to the consensus revenue estimate of $1.76 billion.Corelogic also updated its FY 2020
After-Hours guidance to 2.80-3.00 EPS.

Shares of NYSE:CLGX traded up $0.13 during trading on Wednesday, reaching $50.58. The stock had a trading volume of 590,500 shares, compared to its average volume of 704,970. The business has a fifty day moving average price of $46.52 and a 200-day moving average price of $44.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75. The stock has a market cap of $4.02 billion, a P/E ratio of 129.70, a PEG ratio of 1.81 and a beta of 0.72. Corelogic has a fifty-two week low of $35.62 and a fifty-two week high of $51.17.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, January 9th. Corelogic’s dividend payout ratio is presently 37.29%.

CLGX has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Corelogic from a b- rating to a c rating in a report on Friday, November 8th. Deutsche Bank downgraded shares of Corelogic from a hold rating to a sell rating and lowered their target price for the company from $43.00 to $39.00 in a report on Thursday, October 24th. SunTrust Banks set a $44.00 target price on shares of Corelogic and gave the company a hold rating in a report on Friday, October 25th. Zacks Investment Research downgraded shares of Corelogic from a buy rating to a hold rating in a report on Monday, January 6th. Finally, Wolfe Research downgraded shares of Corelogic from an outperform rating to a market perform rating and set a $46.00 target price for the company. in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $45.71.

In other Corelogic news, Director Barry M. Sando sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.84, for a total transaction of $171,900.00. Following the completion of the sale, the director now directly owns 142,166 shares in the company, valued at $6,516,889.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James L. Balas sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $49.40, for a total transaction of $197,600.00. Following the sale, the chief financial officer now owns 83,889 shares of the company’s stock, valued at $4,144,116.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,250 shares of company stock valued at $783,425. 1.10% of the stock is owned by insiders.

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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