Zacks: Analysts Anticipate Goosehead Insurance, Inc (NASDAQ:GSHD) Will Announce Quarterly Sales of $36.32 Million


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Wall Street analysts forecast that Goosehead Insurance, Inc (NASDAQ:GSHD) will announce sales of $36.32 million for the current quarter, according to Zacks. Two analysts have provided estimates for Goosehead Insurance’s earnings, with estimates ranging from $36.23 million to $36.40 million. Goosehead Insurance posted sales of $29.92 million in the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 29th.

On average, analysts expect that Goosehead Insurance will report full-year sales of $149.70 million for the current fiscal year. For the next financial year, analysts expect that the firm will post sales of $215.48 million, with estimates ranging from $201.60 million to $229.36 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Goosehead Insurance.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Tuesday, February 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Goosehead Insurance had a negative return on equity of 26.12% and a net margin of 7.88%. The business had revenue of $34.65 million for the quarter, compared to analyst estimates of $30.72 million.

A number of brokerages have recently issued reports on GSHD. Keefe, Bruyette & Woods raised Goosehead Insurance from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Wednesday, April 21st. Royal Bank of Canada lifted their target price on Goosehead Insurance from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 2nd. Finally, Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Monday, April 26th.

In other Goosehead Insurance news, major shareholder Robyn Mary Elizabeth Jones sold 36,314 shares of the company’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $131.54, for a total value of $4,776,743.56. Following the transaction, the insider now owns 333,790 shares of the company’s stock, valued at $43,906,736.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael C. Colby sold 15,162 shares of the company’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $151.00, for a total value of $2,289,462.00. Following the completion of the transaction, the chief operating officer now directly owns 497,678 shares in the company, valued at approximately $75,149,378. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,376 shares of company stock worth $8,102,836. 63.43% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its position in Goosehead Insurance by 3.3% during the 4th quarter. Arizona State Retirement System now owns 4,507 shares of the company’s stock worth $562,000 after purchasing an additional 142 shares in the last quarter. Select Equity Group L.P. grew its position in Goosehead Insurance by 8.0% during the 4th quarter. Select Equity Group L.P. now owns 2,830 shares of the company’s stock worth $353,000 after purchasing an additional 210 shares in the last quarter. Logan Capital Management Inc. grew its position in Goosehead Insurance by 2.3% during the 4th quarter. Logan Capital Management Inc. now owns 10,230 shares of the company’s stock worth $1,277,000 after purchasing an additional 230 shares in the last quarter. HighTower Advisors LLC grew its position in Goosehead Insurance by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 6,371 shares of the company’s stock worth $795,000 after purchasing an additional 249 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its position in Goosehead Insurance by 4.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 8,480 shares of the company’s stock worth $909,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.

Shares of NASDAQ GSHD opened at $102.00 on Wednesday. Goosehead Insurance has a 1 year low of $53.92 and a 1 year high of $174.79. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 221.74 and a beta of 0.62. The stock’s 50-day simple moving average is $109.95 and its 200-day simple moving average is $124.65.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It 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.

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