Goosehead Insurance (GSHD) Scheduled to Post Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts expect Goosehead Insurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Goosehead Insurance Stock Up 0.3 %

Shares of Goosehead Insurance stock traded up $0.26 on Friday, hitting $97.78. The company had a trading volume of 7,648 shares, compared to its average volume of 291,674. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 158.27, a P/E/G ratio of 4.72 and a beta of 1.35. The stock has a 50 day moving average of $87.10 and a 200-day moving average of $71.55. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $100.15. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $425,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark Evan Jones sold 11,699 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $85.75, for a total value of $1,003,189.25. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at approximately $3,382,923.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,798 shares of company stock worth $6,310,613 over the last quarter. Corporate insiders own 48.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their price target for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. Piper Sandler lifted their price objective on Goosehead Insurance from $72.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 25th. Finally, UBS Group raised their price objective on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.10.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.