Equities analysts predict that Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) will announce earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Goosehead Insurance’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.17. Goosehead Insurance posted earnings per share of $0.13 in the same quarter last year, which indicates a positive year-over-year growth rate of 53.8%. The business is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Goosehead Insurance will report full year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.87. For the next financial year, analysts anticipate that the company will post earnings of $1.14 per share, with EPS estimates ranging from $0.71 to $1.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Goosehead Insurance.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The company had revenue of $41.28 million for the quarter, compared to analyst estimates of $41.69 million. Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. During the same period last year, the company earned ($0.02) earnings per share.
A number of research firms recently commented on GSHD. Piper Sandler decreased their price objective on Goosehead Insurance from $120.00 to $75.00 in a research note on Wednesday, April 27th. Royal Bank of Canada dropped their target price on Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27th. Zacks Investment Research downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, Truist Financial decreased their target price on shares of Goosehead Insurance from $75.00 to $60.00 in a research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.43.
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 38,246 shares of the stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $82.95, for a total transaction of $3,172,505.70. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $10,978,349.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Camille Peterson sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $51.26, for a total transaction of $358,820.00. The disclosure for this sale can be found here. Insiders sold 92,472 shares of company stock valued at $6,409,944 in the last ninety days. 48.35% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors increased its holdings in shares of Goosehead Insurance by 6,133.3% in the 3rd quarter. Captrust Financial Advisors now owns 187 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Goosehead Insurance in the 4th quarter worth about $39,000. First Horizon Advisors Inc. boosted its holdings in shares of Goosehead Insurance by 246.3% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the company’s stock valued at $42,000 after buying an additional 234 shares during the period. Sageworth Trust Co of South Dakota bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $45,000. Finally, Group One Trading L.P. acquired a new stake in Goosehead Insurance during the first quarter worth about $59,000.
Shares of NASDAQ GSHD opened at $49.73 on Friday. Goosehead Insurance has a 12-month low of $43.66 and a 12-month high of $181.30. The firm’s 50-day moving average is $59.75 and its two-hundred day moving average is $89.00. The company has a market capitalization of $1.85 billion, a PE ratio of 310.83, a price-to-earnings-growth ratio of 4.54 and a beta of 0.88.
Goosehead Insurance Company Profile (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.
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