$187.06 Million in Sales Expected for Guidewire Software, Inc. (NYSE:GWRE) This Quarter

Equities research analysts expect Guidewire Software, Inc. (NYSE:GWREGet Rating) to report $187.06 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Guidewire Software’s earnings. The lowest sales estimate is $186.00 million and the highest is $187.60 million. Guidewire Software posted sales of $163.97 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.1%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Guidewire Software will report full year sales of $786.07 million for the current year, with estimates ranging from $784.00 million to $787.52 million. For the next fiscal year, analysts expect that the firm will post sales of $869.99 million, with estimates ranging from $850.50 million to $893.46 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The technology company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.14. Guidewire Software had a negative net margin of 16.97% and a negative return on equity of 6.50%. The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $197.47 million. During the same period in the prior year, the company posted ($0.16) earnings per share. Guidewire Software’s revenue for the quarter was up 13.6% compared to the same quarter last year.

A number of research firms recently weighed in on GWRE. Stifel Nicolaus dropped their price target on shares of Guidewire Software from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Royal Bank of Canada assumed coverage on shares of Guidewire Software in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $125.00 price objective on the stock. DA Davidson lowered their price objective on shares of Guidewire Software to $114.00 and set a “na” rating on the stock in a research report on Tuesday. BTIG Research lowered their price target on shares of Guidewire Software from $146.00 to $125.00 in a research report on Wednesday, March 9th. Finally, StockNews.com raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.10.

In related news, COO Priscilla Hung sold 1,679 shares of the company’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $87.92, for a total value of $147,617.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Polelle sold 562 shares of the business’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $87.92, for a total value of $49,411.04. The disclosure for this sale can be found here. Insiders sold a total of 7,444 shares of company stock worth $654,255 in the last ninety days. 0.17% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. UMB Bank N A MO purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $25,000. Psagot Value Holdings Ltd. Israel acquired a new position in Guidewire Software during the fourth quarter worth $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Guidewire Software in the first quarter valued at about $31,000. Ellevest Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $32,000. Finally, Benjamin Edwards Inc. grew its position in Guidewire Software by 9,075.0% during the first quarter. Benjamin Edwards Inc. now owns 367 shares of the technology company’s stock worth $35,000 after buying an additional 363 shares in the last quarter.

Shares of NYSE GWRE opened at $78.79 on Thursday. The stock has a market capitalization of $6.58 billion, a P/E ratio of -50.51 and a beta of 1.31. The company has a 50-day moving average price of $87.34 and a 200-day moving average price of $98.71. Guidewire Software has a 1 year low of $70.83 and a 1 year high of $130.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.66 and a quick ratio of 4.66.

Guidewire Software Company Profile (Get Rating)

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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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