Goosehead Insurance (GSHD) Set to Announce Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) will release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Goosehead Insurance to post earnings of $0.40 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. 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 1.3 %

NASDAQ GSHD traded up $0.83 during trading on Thursday, hitting $64.20. The stock had a trading volume of 11,589 shares, compared to its average volume of 294,335. The company has a market capitalization of $2.44 billion, a PE ratio of 102.74, a PEG ratio of 4.29 and a beta of 1.36. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The firm has a 50 day moving average price of $60.12 and a 200 day moving average price of $67.36. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GSHD shares. Truist Financial dropped their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a research note on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.60.

Insider Activity

In other Goosehead Insurance news, COO Mark Miller bought 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,741,800. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 48.35% of the company’s stock.

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.