Corelogic Inc (CLGX) Updates FY15 Earnings Guidance
Corelogic Inc (NASDAQ:CLGX) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.86, MarketBeat reports. The company issued revenue guidance of $1510, compared to the consensus revenue estimate of $1.50 billion.Corelogic also updated its FY16 guidance to $2.05-2.15 EPS.
Corelogic Inc (NASDAQ:CLGX) opened at 35.70 on Monday. The stock has a market capitalization of $3.15 billion and a P/E ratio of 30.94. Corelogic Inc has a 12 month low of $30.73 and a 12 month high of $42.31. The stock has a 50 day moving average price of $34.26 and a 200 day moving average price of $37.32.
A number of brokerages recently issued reports on CLGX. Zacks Investment Research upgraded Corelogic from a hold rating to a buy rating and set a $43.00 target price for the company in a research note on Monday, October 26th. Oppenheimer restated an outperform rating and issued a $45.00 target price on shares of Corelogic in a research note on Friday, October 16th. Keefe, Bruyette & Woods restated a hold rating and issued a $42.50 target price (up previously from $41.50) on shares of Corelogic in a research note on Monday, October 26th. Finally, Piper Jaffray restated an overweight rating and issued a $47.00 target price on shares of Corelogic in a research note on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Corelogic presently has an average rating of Buy and an average target price of $43.50.
In other news, CEO Anand K. Nallathambi sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 31st. The stock was sold at an average price of $34.10, for a total transaction of $511,500.00. Following the sale, the chief executive officer now directly owns 236,366 shares in the company, valued at approximately $8,060,080.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stergios Theologides sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $36.78, for a total value of $91,950.00. Following the sale, the senior vice president now owns 28,040 shares in the company, valued at $1,031,311.20. The disclosure for this sale can be found here.
CoreLogic, Inc. is a property information, analytics and data-enabled services provider operating in North America, Western Europe and Asia Pacific. The Company provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. It operates through two segments: Data & Analytics and Technology and Processing Solutions. The Data & Analytics segment owns or licenses data assets, including loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost and information on mortgage-backed securities. The Technology and Processing Solutions segment provides property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services

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