Equities analysts expect Guidewire Software Inc (NYSE:GWRE) to report sales of $159.61 million for the current quarter, Zacks reports. Six analysts have issued estimates for Guidewire Software’s earnings, with the lowest sales estimate coming in at $158.40 million and the highest estimate coming in at $162.00 million. Guidewire Software reported sales of $163.79 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The business is expected to announce its next quarterly earnings report on Tuesday, March 5th.
According to Zacks, analysts expect that Guidewire Software will report full-year sales of $726.97 million for the current fiscal year, with estimates ranging from $720.79 million to $732.00 million. For the next year, analysts forecast that the business will report sales of $838.92 million, with estimates ranging from $804.04 million to $884.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Guidewire Software.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.18. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The firm had revenue of $179.70 million for the quarter, compared to analysts’ expectations of $162.24 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s revenue was up 66.1% on a year-over-year basis.
A number of analysts recently commented on GWRE shares. TheStreet lowered Guidewire Software from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Zacks Investment Research reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Tuesday, November 13th. ValuEngine raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. DA Davidson set a $118.00 price target on Guidewire Software and gave the stock a “buy” rating in a research note on Wednesday, December 5th. Finally, Citigroup dropped their price target on Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, December 6th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $108.40.
Shares of GWRE stock opened at $92.63 on Thursday. Guidewire Software has a 52 week low of $73.82 and a 52 week high of $107.79. The firm has a market capitalization of $7.56 billion, a P/E ratio of 1,029.22, a price-to-earnings-growth ratio of 39.51 and a beta of 1.30. The company has a quick ratio of 8.40, a current ratio of 8.40 and a debt-to-equity ratio of 0.21.
In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $92.95, for a total transaction of $1,859,000.00. Following the completion of the transaction, the chief executive officer now owns 20,276 shares of the company’s stock, valued at $1,884,654.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Priscilla Hung sold 3,628 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $81.53, for a total value of $295,790.84. Following the transaction, the chief operating officer now directly owns 6,509 shares of the company’s stock, valued at approximately $530,678.77. The disclosure for this sale can be found here. Insiders have sold 79,223 shares of company stock valued at $6,766,098 in the last three months. Insiders own 0.69% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Tompkins Financial Corp purchased a new position in shares of Guidewire Software in the 4th quarter worth about $29,000. Captrust Financial Advisors purchased a new position in shares of Guidewire Software in the 4th quarter worth about $41,000. Rehmann Capital Advisory Group raised its position in shares of Guidewire Software by 62.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after purchasing an additional 224 shares during the last quarter. Bremer Trust National Association purchased a new position in shares of Guidewire Software in the 4th quarter worth about $53,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Guidewire Software in the 4th quarter worth about $54,000.
About Guidewire Software
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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