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

Goosehead Insurance (NASDAQ:GSHD) will be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The firm had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. 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 Trading Up 2.0 %

Shares of Goosehead Insurance stock opened at $58.94 on Tuesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. Goosehead Insurance has a 52 week low of $53.57 and a 52 week high of $92.76. The stock has a 50 day moving average price of $71.45 and a two-hundred day moving average price of $72.82. The stock has a market capitalization of $2.24 billion, a PE ratio of 103.40, a price-to-earnings-growth ratio of 4.15 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. JMP Securities restated a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a report on Monday, April 15th. BMO Capital Markets dropped their target price on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Piper Sandler raised their target price on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Truist Financial dropped their target price on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Goosehead Insurance has an average rating of “Moderate Buy” and an average target price of $84.88.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the sale, the insider now directly owns 132,349 shares in the company, valued at $10,014,848.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.67, for a total value of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at $10,014,848.83. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by corporate insiders.

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.