Guidewire Software Inc (NYSE:GWRE) Expected to Announce Quarterly Sales of $164.27 Million

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Analysts expect Guidewire Software Inc (NYSE:GWRE) to post $164.27 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Guidewire Software’s earnings, with the highest sales estimate coming in at $165.50 million and the lowest estimate coming in at $163.51 million. Guidewire Software reported sales of $169.27 million in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The business is expected to announce its next earnings results on Wednesday, March 4th.

On average, analysts expect that Guidewire Software will report full year sales of $764.29 million for the current fiscal year, with estimates ranging from $763.37 million to $765.50 million. For the next year, analysts anticipate that the company will report sales of $868.52 million, with estimates ranging from $859.00 million to $875.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, December 5th. The technology company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. The company had revenue of $157.00 million during the quarter, compared to the consensus estimate of $151.75 million. Guidewire Software had a net margin of 0.03% and a return on equity of 2.01%. Guidewire Software’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share.

GWRE has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Guidewire Software from $97.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. ValuEngine downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus raised their target price on shares of Guidewire Software from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, DA Davidson raised their target price on shares of Guidewire Software to $125.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.83.

GWRE traded down $0.70 during trading on Friday, hitting $104.73. The stock had a trading volume of 909,760 shares, compared to its average volume of 1,175,554. The company has a market capitalization of $8.71 billion, a PE ratio of 166.24, a PEG ratio of 42.60 and a beta of 1.18. Guidewire Software has a twelve month low of $73.82 and a twelve month high of $123.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.75 and a current ratio of 7.22. The stock has a 50 day simple moving average of $115.67 and a two-hundred day simple moving average of $105.12.

In other news, CFO Curtis Smith sold 1,310 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total transaction of $139,881.80. Following the completion of the sale, the chief financial officer now directly owns 7,503 shares in the company, valued at $801,170.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marcus Ryu sold 49,982 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total transaction of $5,337,077.96. Following the sale, the director now owns 50,233 shares of the company’s stock, valued at $5,363,879.74. The disclosure for this sale can be found here. Insiders have sold 81,348 shares of company stock valued at $8,709,735 over the last quarter. Insiders own 0.37% of the company’s stock.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Guidewire Software by 163.3% during the second quarter. SG Americas Securities LLC now owns 3,747 shares of the technology company’s stock valued at $380,000 after purchasing an additional 2,324 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Guidewire Software by 2.8% in the second quarter. Janney Montgomery Scott LLC now owns 7,317 shares of the technology company’s stock worth $742,000 after buying an additional 199 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Guidewire Software by 6.3% in the second quarter. First Trust Advisors LP now owns 205,976 shares of the technology company’s stock worth $20,882,000 after buying an additional 12,195 shares during the last quarter. Boston Family Office LLC increased its stake in shares of Guidewire Software by 20.0% in the second quarter. Boston Family Office LLC now owns 3,246 shares of the technology company’s stock worth $329,000 after buying an additional 541 shares during the last quarter. Finally, ARK Investment Management LLC increased its stake in shares of Guidewire Software by 2.1% in the second quarter. ARK Investment Management LLC now owns 17,914 shares of the technology company’s stock worth $1,816,000 after buying an additional 368 shares during 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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