Goosehead Insurance (GSHD) to Release Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHDGet Rating) is scheduled to announce its earnings results after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Goosehead Insurance has set its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last issued its 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). Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. The business had revenue of $41.28 million for the quarter, compared to the consensus estimate of $41.69 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, analysts expect Goosehead Insurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $54.05 on Monday. Goosehead Insurance has a 1 year low of $39.00 and a 1 year high of $181.30. The firm’s 50-day moving average is $49.33 and its two-hundred day moving average is $67.96. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 337.83, a PEG ratio of 14.51 and a beta of 0.93.

Wall Street Analyst Weigh In

GSHD has been the topic of several recent research reports. JMP Securities dropped their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, June 24th. Royal Bank of Canada dropped their target price on shares of Goosehead Insurance from $140.00 to $120.00 in a report on Wednesday, April 27th. Truist Financial dropped their target price on shares of Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Finally, Piper Sandler decreased their price target on shares of Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.33.

Insider Activity at Goosehead Insurance

In related news, insider Patrick Ryan Langston sold 30,000 shares of the stock in a transaction that occurred 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 directly owns 5,000 shares of the company’s stock, valued at approximately $250,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Goosehead Insurance news, major shareholder Camille Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $51.26, for a total transaction of $358,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Ryan Langston sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $50.15, for a total transaction of $1,504,500.00. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $250,750. The disclosure for this sale can be found here. Insiders sold 37,811 shares of company stock valued at $1,907,949 in the last three months. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors have recently bought and sold shares of GSHD. Group One Trading L.P. purchased a new position in Goosehead Insurance during the 1st quarter worth approximately $59,000. HighTower Advisors LLC grew its stake in shares of Goosehead Insurance by 16.6% during the 1st quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock worth $248,000 after purchasing an additional 450 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Goosehead Insurance during the 1st quarter worth approximately $519,000. Bank of Montreal Can grew its stake in shares of Goosehead Insurance by 47.6% during the 1st quarter. Bank of Montreal Can now owns 13,023 shares of the company’s stock worth $1,120,000 after purchasing an additional 4,202 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Goosehead Insurance by 53.5% during the 1st quarter. MetLife Investment Management LLC now owns 9,763 shares of the company’s stock worth $767,000 after purchasing an additional 3,404 shares during the period.

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.

Read More

Earnings History for Goosehead Insurance (NASDAQ:GSHD)

Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.