Analysts predict that Guidewire Software Inc (NYSE:GWRE) will announce $0.50 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.49. Guidewire Software reported earnings per share of $0.81 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.3%. The company is scheduled to report its next earnings report on Wednesday, September 4th.
According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.40. For the next fiscal year, analysts forecast that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Guidewire Software.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. The company had revenue of $162.90 million for the quarter, compared to the consensus estimate of $155.23 million. During the same period in the prior year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year.
A number of equities research analysts have commented on GWRE shares. ValuEngine downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Piper Jaffray Companies increased their price objective on shares of Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Guidewire Software has a consensus rating of “Hold” and a consensus price target of $106.56.
In related news, CEO Marcus Ryu sold 9,748 shares of the stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $99.49, for a total value of $969,828.52. Following the transaction, the chief executive officer now directly owns 12,351 shares of the company’s stock, valued at approximately $1,228,800.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven P. Sherry sold 4,716 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $100.52, for a total transaction of $474,052.32. Following the completion of the transaction, the insider now directly owns 3,268 shares in the company, valued at $328,499.36. The disclosure for this sale can be found here. Insiders sold a total of 38,702 shares of company stock worth $3,799,748 over the last ninety days. Insiders own 0.69% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Meritage Group LP purchased a new position in shares of Guidewire Software in the 1st quarter valued at $109,020,000. Brown Capital Management LLC grew its position in Guidewire Software by 13.1% during the 2nd quarter. Brown Capital Management LLC now owns 3,730,434 shares of the technology company’s stock worth $378,191,000 after purchasing an additional 431,969 shares during the last quarter. MIG Capital LLC purchased a new position in Guidewire Software during the 2nd quarter worth $42,526,000. Nuveen Asset Management LLC purchased a new position in Guidewire Software during the 2nd quarter worth $25,192,000. Finally, Wasatch Advisors Inc. grew its position in Guidewire Software by 31.1% during the 1st quarter. Wasatch Advisors Inc. now owns 1,005,733 shares of the technology company’s stock worth $97,717,000 after purchasing an additional 238,659 shares during the last quarter.
Shares of NYSE:GWRE traded up $0.15 during trading hours on Wednesday, reaching $94.90. The stock had a trading volume of 11,219 shares, compared to its average volume of 596,059. Guidewire Software has a 1 year low of $73.82 and a 1 year high of $109.06. The firm’s 50 day moving average is $100.53 and its 200-day moving average is $98.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.38 and a current ratio of 6.38. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 1,054.00, a P/E/G ratio of 28.78 and a beta of 1.18.
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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