Equities research analysts expect that Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) will announce sales of $51.14 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Goosehead Insurance’s earnings. The lowest sales estimate is $50.12 million and the highest is $52.10 million. Goosehead Insurance posted sales of $38.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 34%. The company is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Goosehead Insurance will report full-year sales of $207.21 million for the current year, with estimates ranging from $203.79 million to $209.70 million. For the next financial year, analysts expect that the firm will report sales of $276.93 million, with estimates ranging from $273.33 million to $283.37 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Goosehead Insurance.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $41.28 million during the quarter, compared to the consensus estimate of $41.69 million. Goosehead Insurance had a net margin of 2.20% and a negative return on equity of 5.90%. During the same quarter last year, the firm earned ($0.02) earnings per share.
Several analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27th. Truist Financial dropped their price objective on Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Zacks Investment Research cut Goosehead Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, Piper Sandler dropped their price objective on Goosehead Insurance from $120.00 to $75.00 in a report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $126.43.
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 38,246 shares of the business’s 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 sale, the insider now owns 132,349 shares of the company’s stock, valued at $10,978,349.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick Ryan Langston sold 30,000 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $50.15, for a total value of $1,504,500.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $250,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,472 shares of company stock worth $6,409,944. Company insiders own 48.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. Captrust Financial Advisors boosted its position in Goosehead Insurance by 6,133.3% during the 3rd quarter. Captrust Financial Advisors now owns 187 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. CVA Family Office LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth $39,000. First Horizon Advisors Inc. grew its stake in shares of Goosehead Insurance by 246.3% in the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the company’s stock worth $42,000 after purchasing an additional 234 shares during the last quarter. Sageworth Trust Co of South Dakota acquired a new stake in Goosehead Insurance in the fourth quarter valued at $45,000. Finally, Group One Trading L.P. bought a new position in Goosehead Insurance during the 1st quarter worth $59,000.
GSHD opened at $49.73 on Monday. The business has a fifty day simple moving average of $59.75 and a 200 day simple moving average of $88.40. 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 has a 1 year low of $43.66 and a 1 year high of $181.30.
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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