$41.69 million in sales expected for Goosehead Insurance, Inc (NASDAQ:GSHD) this quarter | Business Insurance

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Stock analysts expect Goosehead Insurance, Inc (NASDAQ: GSHDget rating) will report sales of $41.69 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates of Goosehead Insurance’s earnings, with estimates ranging from $40.86 million to $42.18 million. Goosehead Insurance posted sales of $31.23 million in the same quarter last year, suggesting a positive year-over-year growth rate of 33.5%. The company is expected to announce its next earnings report after the market close on Monday, January 1.

According to Zacks, analysts expect Goosehead Insurance to report annual sales of $207.82 million for the current fiscal year, with estimates ranging from $204.91 million to $210.53 million. For next year, analysts expect the company to report sales of $277.81 million, with estimates ranging from $273.17 million to $287.49 million. Zacks Investment Research sales averages are a median average based on a survey of analysts covering Goosehead Insurance.

goose head insuranceNASDAQ: GSHDget rating) last published its quarterly earnings data on Wednesday, February 23. The company reported earnings per share (EPS) of $0.06 for the quarter, missing analyst consensus estimates of $0.08 per ($0.02). Goosehead Insurance had a net margin of 3.57% and a negative return on equity of 10.36%. The firm had revenue of $40.20 million during the quarter, compared to analyst expectations of $40.10 million. During the same quarter of the previous year, the company recorded $0.14 EPS. Goosehead Insurance revenue increased 16.2% compared to the same quarter last year.

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GSHD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a report dated Wednesday, March 2. William Blair reiterated a “outer” rating on Goosehead Insurance stock in a research note on Monday, Jan. 24. Royal Bank of Canada lowered its price target on Goosehead Insurance from $150.00 to $140.00 in a research note on Thursday, February 24. JMP Securities lowered its price target on Goosehead Insurance from $170.00 to $160.00 and set an “outperforming market” rating for the company in a report on Friday, January 14. Finally, Piper Sandler lowered her price target on Goosehead Insurance from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 24. One analyst rated the shares a sell rating, three issued a hold rating and five issued a buy rating on the company’s shares. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and an average price target of $137.86.

In other Goosehead Insurance news, major shareholder and Robyn Jones Descendants Mark sold 17,226 shares of Goosehead Insurance in a transaction on Monday, April 4. The shares were sold at an average price of $79.77, for a total transaction of $1,374,118.02. Following the completion of the sale, the insider now directly owns 132,349 shares of the company, valued at $10,557,479.73. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Currently, 48.35% of the shares are owned by insiders of the company.

Hedge funds and other institutional investors have recently changed their holdings in the business. Morgan Stanley increased its stake in Goosehead Insurance by 114.8% during the second quarter. Morgan Stanley now owns 52,364 shares of the company worth $6,664,000 after buying an additional 27,991 shares last quarter. State of New Jersey Common Pension Fund D purchased a new interest in Goosehead Insurance during the third quarter for approximately $2,894,000. SG Americas Securities LLC increased its stake in Goosehead Insurance by 1,127.9% in the third quarter. SG Americas Securities LLC now owns 10,523 shares of the company worth $1,603,000 after purchasing an additional 9,666 shares during the period. Allworth Financial LP purchased a new position in Goosehead Insurance in the third quarter valued at $95,000. Finally, Raymond James & Associates purchased a new position in Goosehead Insurance during the third quarter worth approximately $250,000. Institutional investors own 99.18% of the company’s shares.

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Actions of GSHD opened at $53.70 on Monday. Goosehead Insurance has a fifty-two week minimum of $52.35 and a fifty-two week maximum of $181.30. The stock has a market capitalization of $1.99 billion, a PE ratio of 214.80, and a beta of 0.67. The company’s 50-day simple moving average is $75.08 and its 200-day simple moving average is $109.20.

Goosehead Insurance Company Profile (get rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The company operates in two segments, the Corporate Channel and the Franchise Channel. Offers insurance products and services for Homeowners, Insurance, Auto, Homeownership, Flood, Wind, Earthquake, Excess Liability or Umbrella, Motorcycle, RV, General Liability, Property and Life.

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Earnings History and Estimates for Goosehead Insurance (NASDAQ:GSHD)



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