Analysts Anticipate Guidewire Software Inc (NYSE:GWRE) to Announce $0.45 EPS

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Wall Street brokerages expect that Guidewire Software Inc (NYSE:GWRE) will report earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Guidewire Software’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.48. Guidewire Software posted earnings per share of $0.56 during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.6%. The business is expected to announce its next earnings report on Thursday, September 3rd.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.91. For the next year, analysts forecast that the firm will report earnings of $0.96 per share, with EPS estimates ranging from $0.59 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. The business had revenue of $168.17 million for the quarter, compared to analyst estimates of $151.49 million. Guidewire Software had a negative net margin of 6.08% and a positive return on equity of 0.02%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share.

A number of equities research analysts have recently weighed in on GWRE shares. Zacks Investment Research upgraded Guidewire Software from a “sell” rating to a “hold” rating and set a $87.00 price target on the stock in a research note on Monday, March 16th. Wells Fargo & Co boosted their target price on shares of Guidewire Software from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, June 4th. DA Davidson upped their price target on shares of Guidewire Software from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. ValuEngine upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research note on Monday, March 9th. Finally, Robert W. Baird downgraded Guidewire Software from an “outperform” rating to a “neutral” rating and upped their target price for the company from $91.00 to $97.00 in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Guidewire Software currently has a consensus rating of “Hold” and an average price target of $116.09.

Shares of NYSE:GWRE opened at $109.15 on Friday. The business’s 50-day moving average is $102.76 and its 200 day moving average is $101.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.93 and a quick ratio of 6.93. Guidewire Software has a 1 year low of $71.64 and a 1 year high of $124.16. The firm has a market capitalization of $9.08 billion, a P/E ratio of 10,915.01 and a beta of 1.26.

In other news, Director Marcus Ryu sold 12,500 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $88.36, for a total transaction of $1,104,500.00. Following the sale, the director now directly owns 6,266 shares in the company, valued at approximately $553,663.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven P. Sherry sold 3,041 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $106.86, for a total value of $324,961.26. Following the completion of the transaction, the insider now directly owns 414 shares of the company’s stock, valued at approximately $44,240.04. The disclosure for this sale can be found here. Insiders sold 62,392 shares of company stock valued at $6,293,136 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in GWRE. Capital World Investors increased its stake in shares of Guidewire Software by 2.0% during the first quarter. Capital World Investors now owns 3,617,888 shares of the technology company’s stock worth $286,935,000 after purchasing an additional 70,237 shares in the last quarter. Jackson Square Partners LLC raised its holdings in shares of Guidewire Software by 17.8% during the fourth quarter. Jackson Square Partners LLC now owns 2,722,098 shares of the technology company’s stock valued at $298,804,000 after acquiring an additional 411,558 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Guidewire Software by 2.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,676,665 shares of the technology company’s stock valued at $184,048,000 after acquiring an additional 47,830 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Guidewire Software by 0.7% in the first quarter. Blair William & Co. IL now owns 1,615,003 shares of the technology company’s stock worth $128,086,000 after acquiring an additional 11,200 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Guidewire Software by 1.0% during the fourth quarter. Janus Henderson Group PLC now owns 1,598,963 shares of the technology company’s stock worth $175,518,000 after purchasing an additional 16,336 shares in the last quarter.

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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