Posted by admin on May 14th, 2022
Wall Street analysts expect Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) to report earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Goosehead Insurance’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.27. Goosehead Insurance posted earnings per share of $0.13 in the same quarter last year, which would indicate a positive year over year growth rate of 61.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Goosehead Insurance will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.69 to $0.87. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.10 to $1.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Goosehead Insurance.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. The firm had revenue of $41.28 million for the quarter, compared to the consensus estimate of $41.69 million. During the same period in the prior year, the business earned ($0.02) EPS.
A number of research analysts have commented on GSHD shares. William Blair reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Monday, January 24th. Truist Financial reduced their target price on Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. JMP Securities reduced their target price on Goosehead Insurance from $170.00 to $160.00 and set a “market outperform” rating on the stock in a report on Friday, January 14th. Piper Sandler reduced their target price on Goosehead Insurance from $120.00 to $75.00 in a report on Wednesday, April 27th. Finally, Royal Bank of Canada cut their price target on Goosehead Insurance from $140.00 to $120.00 in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $126.43.
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 17,226 shares of Goosehead Insurance stock in a transaction on Monday, April 4th. The stock was sold at an average price of $79.77, for a total transaction of $1,374,118.02. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,557,479.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 48.35% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Goosehead Insurance by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,688,632 shares of the company’s stock valued at $132,676,000 after acquiring an additional 22,485 shares in the last quarter. Wasatch Advisors Inc. raised its stake in Goosehead Insurance by 30.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after acquiring an additional 351,769 shares in the last quarter. BlackRock Inc. raised its stake in Goosehead Insurance by 4.2% during the 4th quarter. BlackRock Inc. now owns 1,256,707 shares of the company’s stock valued at $163,474,000 after acquiring an additional 50,745 shares in the last quarter. Durable Capital Partners LP increased its position in shares of Goosehead Insurance by 24.4% during the 1st quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock valued at $73,262,000 after purchasing an additional 182,952 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Goosehead Insurance during the 4th quarter valued at $94,106,000.
NASDAQ:GSHD opened at $51.25 on Friday. The business’s 50 day moving average is $66.70 and its two-hundred day moving average is $98.51. Goosehead Insurance has a 52 week low of $43.66 and a 52 week high of $181.30. The company has a market cap of $1.90 billion, a PE ratio of 320.33 and a beta of 0.87.
About Goosehead Insurance (Get Rating)
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.
Get a free copy of the Zacks research report on Goosehead Insurance (GSHD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
M&T Bank (NYSE:MTB) Now Covered by Analysts at StockNews.com
Bright Health Group (BHG) versus Its Peers Critical Survey