Wall Street analysts expect that Guidewire Software, Inc. (NYSE:GWRE) will announce earnings per share (EPS) of $0.39 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. Guidewire Software also posted earnings per share of $0.39 during the same quarter last year. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, September 6th.
On average, analysts expect that Guidewire Software will report full-year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.86. For the next financial year, analysts anticipate that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.90 to $1.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Guidewire Software.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.19. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The company had revenue of $123.44 million during the quarter, compared to analysts’ expectations of $104.55 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year.
A number of brokerages have commented on GWRE. UBS AG increased their price objective on shares of Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. KeyCorp reissued a “buy” rating and set a $75.00 price objective on shares of Guidewire Software in a report on Friday. ValuEngine raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, TheStreet lowered shares of Guidewire Software from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $75.22.
In other news, Director Clifton Thomas Weatherford sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $70.05, for a total value of $350,250.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $1,471,400.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Conway sold 600 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $66.56, for a total transaction of $39,936.00. Following the completion of the transaction, the director now directly owns 10,347 shares in the company, valued at approximately $688,696.32. The disclosure for this sale can be found here. Insiders sold a total of 105,578 shares of company stock worth $7,282,655 in the last ninety days. Insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Israel Discount Bank of New York purchased a new stake in shares of Guidewire Software during the first quarter worth $104,000. D.A. Davidson & CO. increased its stake in shares of Guidewire Software by 2,270.8% in the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Guidewire Software by 424.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after buying an additional 2,105 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after buying an additional 283 shares in the last quarter.
Shares of Guidewire Software (NYSE:GWRE) traded up 0.67% on Wednesday, reaching $72.31. 693,716 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $70.96 and its 200-day moving average price is $63.58. The company has a market capitalization of $5.38 billion, a P/E ratio of 527.81 and a beta of 1.27. Guidewire Software has a 1-year low of $49.18 and a 1-year high of $73.36.
About Guidewire Software
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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