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Last €13.00 EUR
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CQK On Other Exchanges
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As of 4:00 PM 06/2/14 All times are local (Market data is delayed by at least 15 minutes).

corelogic inc (CQK) Snapshot

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Shares Outstanding
89.8M
EX-Date
06/2/10
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Current Stock Chart for CORELOGIC INC (CQK)

corelogic inc (CQK) Details

CoreLogic, Inc. provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company operates through two segments, Technology and Processing Solutions and Data & Analytics (D&A). The Technology and Processing Solutions segment offers 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. The D&A segment owns or licenses data assets, such as loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost, and information on mortgage-backed securities. This segment provides analytical products and workflow solutions for risk management, multiple listing services, insurance underwriting, collateral assessment, loan quality reviews, and fraud assessment, as well as geospatial proprietary software and databases with geographic mapping and data; and consumer screening and risk management for the multifamily housing industry. CoreLogic, Inc. primarily offers its services to mortgage originators and servicers, financial institutions, investment banks, fixed-income investors, title insurance companies, commercial banks, government agencies and government-sponsored enterprises, property and casualty insurers, credit unions, real estate agents, and other real estate professionals. The company was formerly known as The First American Corporation and changed its name to CoreLogic, Inc. in June 2010. CoreLogic, Inc. was incorporated in 1894 and is headquartered in Irvine, California.

4,820 Employees
Last Reported Date: 02/26/15
Founded in 1894

corelogic inc (CQK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $800.0K
Chief Operating and Financial Officer
Total Annual Compensation: $550.0K
Executive Vice President of Technology & Proc...
Total Annual Compensation: $500.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

corelogic inc (CQK) Key Developments

CoreLogic, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Reports Impairment Loss for the Fourth Quarter Ended December 31, 2014

CoreLogic, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue of $345,512,000 compared to $328,522,000 a year ago. Operating income was $36,158,000 compared to operating loss of $19,264,000 a year ago. Net income from continuing operations was $16,829,000 compared to net loss from continuing operations of $9,400,000 a year ago. The increase in net income from continuing operations was driven primarily by D&A growth, TPS share gains, the impairment charge discussed previously and lower taxes, which more than offset lower U.S. mortgage volumes, unfavorable FX and higher interest expense. Net income attributable to company was $14,665,000 or $0.16 per diluted share compared to net loss attributable to the company of $13,052,000 or $0.14 per diluted share a year ago. Adjusted EBITDA was $84,083,000 compared to $72,532,000 a year ago. Adjusted diluted EPS was $0.28 compared to $0.25 a year ago. Income from continuing operations, net of tax was $16,461,000 or $0.18 per diluted share compared to loss from continuing operations of $9,328,000 or $0.10 per diluted share a year ago. Fourth quarter revenues totaled $346 million, a 5% increase from prior year levels as share gains, organic growth and acquisition-related revenues more than offset the impact of an estimated 5% drop in U.S. mortgage volumes. Adjusted EBITDA was up 16% from the same prior year period. The increase in adjusted EBITDA was principally the result of D&A revenue growth and favorable business mix as well as lower costs related to the ongoing execution of productivity programs offset partially by lower mortgage market volumes, unfavorable FX translation and decreased client-related project and discretionary spending. Operating income from continuing operations increased $55.4 million, reflecting the impact of lower operating expenses including a 2013 non-cash impairment charge with no 2014 counterpart. For the full year, the company reported operating revenue of $1,405,040,000 compared to $1,404,401,000 a year ago. Operating income was $169,758,000 compared to $142,142,000 a year ago. Net income from continuing operations was $91,008,000 compared to $100,260,000 a year ago. Net income attributable to company was $73,200,000 or $0.79 per diluted share compared to $107,728,000 or $1.11 per diluted share a year ago. Net cash provided by operating activities from continuing operations was $335,593,000 compared to $328,220,000 a year ago. Purchases of property and equipment were $52,025,000 compared to $68,745,000 a year ago. Income from continuing operations, net of tax was $89,741,000 or $0.97 per diluted share compared to $100,313,000 or $1.03 per diluted share a year ago. Adjusted EBITDA was $360,216,000 compared to $403,014,000 a year ago. Adjusted diluted EPS was $1.33 compared to $1.69 a year ago. Purchases of capitalized data and other intangible assets was $35,129,000 compared to $37,841,000 a year ago. Operating income from continuing operations were up 19%, reflecting the impact of lower operating expenses and impairment charges partially offset by higher depreciation and amortization. Net income from continuing operations were down 11%, primarily due to the impact of lower U.S. mortgage volumes and higher interest expense. For the fourth quarter, the company reported impairment loss of $82,000 against $42,711,000 a year ago. The company provided earnings guidance for the year 2015. For the period, the company expected revenue to be in the range of $1,470 million to $1,500 million. Expected Adjusted EBITDA to be in the range of $390 million to $405 million and adjusted EPS to be in the range of $1.50 to $1.60. All of these figures represent significant increases from 2014 actual results. This guidance is based on the following assumptions: U.S. mortgage origination unit volumes in 2015 are assumed to be essentially equivalent to 2014 levels; a reduction in IT cost of $10 million during the second half of 2015 as a result of the completion of phase 1 of TTI; the investment in phase 2 of TTI of approximately $15 million; fourth, a devaluation of the Australian and New Zealand dollars of about 10% to 15% relative to the U.S. dollar; and finally, a planning tax rate of 35% compared with 38% in 2014. Regarding 2015, the company expects free cash flow conversion rates of at least 50% of adjusted EBITDA.

CoreLogic, Inc. Names Frank Nothaft as Senior Vice President and Chief Economist

CoreLogic announced that Frank Nothaft has joined the company as senior vice president and chief economist. Nothaft joins CoreLogic from Freddie Mac®, where he was chief economist and a prominent housing and mortgage market expert for more than 25 years. As chief economist, Nothaft will lead the company's economics team as well as it's research and insights strategy using CoreLogic's gold standard data and analytics resources including the CoreLogic-Case-Shiller Home Price Index and other indices and services.

CoreLogic, Inc. to Report Q4, 2014 Results on Feb 24, 2015

CoreLogic, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 24, 2015

 

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