Wall Street brokerages predict that Guidewire Software Inc (NYSE:GWRE) will post earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Guidewire Software’s earnings, with estimates ranging from $0.18 to $0.21. Guidewire Software reported earnings of $0.33 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 42.4%. The firm is scheduled to announce its next earnings report on Tuesday, March 5th.
On average, analysts expect that Guidewire Software will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.25 to $1.34. For the next financial year, analysts forecast that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.36 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Guidewire Software.
Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.18. Guidewire Software had a positive return on equity of 3.24% and a negative net margin of 0.72%. The firm had revenue of $179.70 million during the quarter, compared to analysts’ expectations of $162.24 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 66.1% on a year-over-year basis.
A number of analysts recently issued reports on the company. Deutsche Bank downgraded Guidewire Software from a “buy” rating to a “hold” rating and lowered their target price for the company from $110.00 to $105.00 in a research report on Monday, October 8th. Zacks Investment Research reissued a “hold” rating on shares of Guidewire Software in a research note on Tuesday, November 13th. ValuEngine raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. Citigroup decreased their price target on Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, December 6th. Finally, DA Davidson set a $118.00 price target on Guidewire Software and gave the stock a “buy” rating in a research note on Wednesday, December 5th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $108.40.
In related news, insider Steven P. Sherry sold 4,574 shares of Guidewire Software stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $81.60, for a total value of $373,238.40. Following the sale, the insider now owns 2,390 shares of the company’s stock, valued at $195,024. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Polelle sold 1,004 shares of Guidewire Software stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $86.77, for a total value of $87,117.08. Following the completion of the sale, the insider now directly owns 3,629 shares in the company, valued at approximately $314,888.33. The disclosure for this sale can be found here. Insiders have sold a total of 79,623 shares of company stock valued at $6,816,966 over the last ninety days. Insiders own 0.69% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank grew its holdings in Guidewire Software by 17.1% during the 4th quarter. First Hawaiian Bank now owns 1,095 shares of the technology company’s stock worth $88,000 after acquiring an additional 160 shares during the period. Contravisory Investment Management Inc. bought a new position in Guidewire Software in the fourth quarter worth approximately $105,000. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter worth approximately $114,000. Parallel Advisors LLC raised its position in Guidewire Software by 290.8% in the third quarter. Parallel Advisors LLC now owns 1,794 shares of the technology company’s stock worth $181,000 after acquiring an additional 1,335 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in Guidewire Software in the third quarter worth approximately $202,000.
GWRE stock traded up $1.96 during midday trading on Friday, reaching $85.71. 437,149 shares of the company’s stock traded hands, compared to its average volume of 503,422. Guidewire Software has a 1-year low of $72.51 and a 1-year high of $107.79. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 952.33, a P/E/G ratio of 36.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 8.40 and a quick ratio of 8.40.
About Guidewire Software
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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