Equities analysts predict that Guidewire Software Inc (NYSE:GWRE) will report earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Guidewire Software’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.61. Guidewire Software posted earnings per share of $0.81 during the same quarter last year, which indicates a negative year over year growth rate of 28.4%. The firm is scheduled to announce its next earnings results on Wednesday, September 4th.
On average, analysts expect that Guidewire Software will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.48 to $1.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Guidewire Software.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. Guidewire Software had a net margin of 10.66% and a return on equity of 4.79%. The firm had revenue of $162.90 million during the quarter, compared to the consensus estimate of $155.23 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis.
GWRE has been the subject of several analyst reports. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $90.00 in a research note on Monday, March 4th. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Guidewire Software presently has an average rating of “Hold” and a consensus target price of $107.40.
In other news, insider Michael Polelle sold 2,732 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $94.70, for a total value of $258,720.40. Following the sale, the insider now directly owns 5,449 shares in the company, valued at approximately $516,020.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcus Ryu sold 9,515 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $94.96, for a total transaction of $903,544.40. Following the completion of the sale, the chief executive officer now owns 11,503 shares in the company, valued at $1,092,324.88. The disclosure for this sale can be found here. Insiders sold a total of 56,317 shares of company stock valued at $5,608,940 in the last three months. 0.69% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bremer Bank National Association acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Guidewire Software during the first quarter valued at $29,000. Captrust Financial Advisors bought a new position in shares of Guidewire Software during the fourth quarter valued at $41,000. Rehmann Capital Advisory Group lifted its holdings in shares of Guidewire Software by 62.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock valued at $47,000 after acquiring an additional 224 shares during the period. Finally, Manchester Capital Management LLC bought a new position in shares of Guidewire Software during the first quarter valued at $49,000.
GWRE stock traded up $1.08 during mid-day trading on Thursday, reaching $96.23. The company’s stock had a trading volume of 1,072,321 shares, compared to its average volume of 780,820. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 1,069.22, a PEG ratio of 28.92 and a beta of 1.27. The company has a current ratio of 7.45, a quick ratio of 7.45 and a debt-to-equity ratio of 0.21. Guidewire Software has a fifty-two week low of $73.82 and a fifty-two week high of $109.06.
Guidewire Software Company Profile
Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.
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