Goosehead Insurance (GSHD) Set to Announce Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Goosehead Insurance to post earnings of $0.46 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. Goosehead Insurance’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. 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 Performance

Goosehead Insurance stock opened at $96.46 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of $87.35 and a 200-day moving average of $71.78. The firm has a market cap of $3.66 billion, a P/E ratio of 155.58, a P/E/G ratio of 4.72 and a beta of 1.35. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $100.15.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total transaction of $953,500.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $476,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 8,977 shares of Goosehead Insurance stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,248,000.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,798 shares of company stock valued at $6,310,613. Corporate insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. Truist Financial raised their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. One research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.10.

Goosehead Insurance Company Profile

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.