Zacks: Traders Expect Goosehead Insurance, Inc (NASDAQ:GSHD) to Post Quarterly Sales of $51.14 Million | Business Insurance

know about this Zacks: Traders Expect Goosehead Insurance, Inc (NASDAQ:GSHD) to Post Quarterly Sales of $51.14 Million

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Stock research analysts expect Goosehead Insurance, Inc (NASDAQ: GSHDget rating) will announce sales of $51.14 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates of Goosehead Insurance’s earnings. The lowest sales estimate is $50.12 million and the highest is $52.10 million. Goosehead Insurance posted sales of $38.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 34%. The company is scheduled to publish its next earnings report on Monday, January 1.

On average, analysts expect Goosehead Insurance to report annual sales of $207.21 million for the current year, with estimates ranging from $203.79 million to $209.70 million. For the next fiscal year, analysts expect the firm to report sales of $276.93 million, with estimates ranging from $273.33 million to $283.37 million. Zacks’ sales estimates are an average based on a survey of seller-side research firms that provide coverage for Goosehead Insurance.

goose head insuranceNASDAQ: GSHDget rating) last published its quarterly earnings results on Tuesday, April 26. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $41.28 million during the quarter, compared to the consensus estimate of $41.69 million. Goosehead Insurance had a net margin of 2.20% and a negative return on equity of 5.90%. During the same quarter last year, the company had ($0.02) earnings per share.

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Several analysts recently issued reports on the company. Royal Bank of Canada lowered its price target on Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27. Truist Financial lowered its price target on Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27. Zacks Investment Research cut Goosehead Insurance from a “hold” rating to a “sell” rating in a report dated Tuesday, April 26. Finally, Piper Sandler lowered her price target on Goosehead Insurance from $120.00 to $75.00 in a report on Wednesday, April 27. Two analysts rated the stock a sell rating, two assigned a hold rating and five assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $126.43.

In other Goosehead Insurance news, major shareholder and Robyn Jones Descendants Mark sold 38,246 shares of the company in a transaction on Thursday, March 31. The shares were sold at an average price of $82.95, for a total transaction of $3,172,505.70. Following the sale, the insider now owns 132,349 shares of the company, valued at $10,978,349.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. Also inside information patrick ryan langston sold 30,000 shares of capital stock in a transaction on Thursday, May 26. The shares were sold at an average price of $50.15, for a total value of $1,504,500.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company, valued at $250,750. Disclosure of this sale can be found here. In the last quarter, the experts sold 92,472 shares of the company for a value of $6,409,944. The members of the company own 48.35% of the shares of the company.

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Several hedge funds and other institutional investors have recently modified their GSHD holdings. Captrust Financial Advisors strengthened its position in Goosehead Insurance by 6,133.3% during the third quarter. Captrust Financial Advisors now owns 187 shares of the company worth $28,000 after purchasing an additional 184 shares during the period. CVA Family Office LLC purchased a new position in Goosehead Insurance stock during the fourth quarter worth $39,000. First Horizon Advisors Inc. increased its share of Goosehead Insurance stock by 246.3% in the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the company worth $42,000 after buying an additional 234 shares last quarter. Sageworth Trust Co of South Dakota acquired a new stake in Goosehead Insurance in the fourth quarter valued at $45,000. Finally, Group One Trading LP purchased a new position in Goosehead Insurance during the first quarter for $59,000.

GSHD opened at $49.73 on Monday. The company has a fifty-day simple moving average of $59.75 and a 200-day simple moving average of $88.40. The company has a market capitalization of $1.85 billion, a PE ratio of 310.83, a price/earnings growth ratio of 4.54, and a beta of 0.88. Goosehead Insurance has a 1-year minimum of $43.66 and a 1-year maximum of $181.30.

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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Goosehead Insurance (NASDAQ:GSHD) earnings history and estimates



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