Wall Street analysts forecast that Goosehead Insurance, Inc (NASDAQ:GSHD) will post earnings of $0.10 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Goosehead Insurance’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.23. Goosehead Insurance posted earnings of $0.19 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 47.4%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 22nd.
On average, analysts expect that Goosehead Insurance will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.66. For the next financial year, analysts forecast that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.70 to $1.10. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Goosehead Insurance.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 17.73%. The business had revenue of $41.60 million during the quarter, compared to analyst estimates of $39.76 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year.
Several equities research analysts recently weighed in on GSHD shares. Bank of America downgraded shares of Goosehead Insurance from a “neutral” rating to an “underperform” rating and set a $154.00 price objective for the company. in a report on Monday, October 18th. They noted that the move was a valuation call. TheStreet downgraded Goosehead Insurance from a “b” rating to a “c+” rating in a report on Wednesday, October 27th. Truist Securities began coverage on Goosehead Insurance in a report on Wednesday, September 8th. They issued a “hold” rating and a $155.00 target price on the stock. Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Friday, October 29th. Finally, Piper Sandler upped their target price on Goosehead Insurance from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $158.11.
In other Goosehead Insurance news, CEO Mark Evan Jones sold 32,931 shares of the company’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $136.93, for a total transaction of $4,509,241.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Camille Peterson sold 10,396 shares of the stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $132.90, for a total value of $1,381,628.40. The disclosure for this sale can be found here. Insiders have sold 130,348 shares of company stock valued at $18,234,710 in the last ninety days. Company insiders own 51.97% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GSHD. Capital International Investors acquired a new position in Goosehead Insurance during the second quarter worth $63,713,000. Durable Capital Partners LP raised its stake in Goosehead Insurance by 99.6% during the second quarter. Durable Capital Partners LP now owns 869,899 shares of the company’s stock worth $110,738,000 after acquiring an additional 434,071 shares in the last quarter. Wells Fargo & Company MN raised its stake in Goosehead Insurance by 108.1% during the second quarter. Wells Fargo & Company MN now owns 800,829 shares of the company’s stock worth $101,945,000 after acquiring an additional 415,991 shares in the last quarter. BlackRock Inc. raised its stake in Goosehead Insurance by 16.5% during the second quarter. BlackRock Inc. now owns 1,213,634 shares of the company’s stock worth $154,496,000 after acquiring an additional 171,948 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Goosehead Insurance by 182.7% during the third quarter. Lord Abbett & CO. LLC now owns 258,927 shares of the company’s stock worth $39,432,000 after acquiring an additional 167,332 shares in the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.
Shares of GSHD opened at $131.32 on Wednesday. Goosehead Insurance has a 1 year low of $78.86 and a 1 year high of $181.30. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 345.59, a price-to-earnings-growth ratio of 11.92 and a beta of 0.48. The firm has a fifty day moving average of $150.16 and a 200-day moving average of $131.40.
About Goosehead Insurance
Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.
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