Equities analysts expect Guidance Software, Inc. (NASDAQ:GUID) to report sales of $28.95 million for the current quarter, Zacks reports. Three analysts have made estimates for Guidance Software’s earnings, with the highest sales estimate coming in at $29.17 million and the lowest estimate coming in at $28.70 million. Guidance Software posted sales of $27.71 million in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The company is expected to issue its next earnings report on Thursday, November 2nd.
On average, analysts expect that Guidance Software will report full-year sales of $28.95 million for the current year, with estimates ranging from $103.40 million to $116.33 million. For the next financial year, analysts anticipate that the business will post sales of $123.61 million per share, with estimates ranging from $117.00 million to $127.89 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Guidance Software.
Guidance Software (NASDAQ:GUID) last released its earnings results on Tuesday, August 1st. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Guidance Software had a negative return on equity of 1,053.09% and a negative net margin of 6.56%. The firm had revenue of $24.66 million for the quarter, compared to analysts’ expectations of $27.63 million.
Several research analysts have recently commented on GUID shares. Zacks Investment Research lowered Guidance Software from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Piper Jaffray Companies lowered Guidance Software from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $8.50 to $7.00 in a research report on Wednesday, July 26th. Northland Securities set a $8.00 price target on Guidance Software and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Gabelli reissued a “hold” rating on shares of Guidance Software in a research report on Thursday, July 27th. Finally, B. Riley reissued a “neutral” rating and issued a $7.10 price target on shares of Guidance Software in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.61.
Guidance Software (NASDAQ GUID) remained flat at $7.09 during midday trading on Wednesday. The company’s stock had a trading volume of 25,234 shares. The stock has a 50-day moving average price of $7.07 and a 200 day moving average price of $6.58. Guidance Software has a 1-year low of $4.52 and a 1-year high of $7.80. The company’s market cap is $216.71 million.
In related news, major shareholder Shawn Mccreight sold 20,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $6.59, for a total transaction of $131,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,286,050 shares of company stock worth $9,018,084. 8.40% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in Guidance Software during the 2nd quarter worth $103,000. Balter Liquid Alternatives LLC purchased a new position in Guidance Software during the 2nd quarter worth $123,000. The Manufacturers Life Insurance Company grew its stake in Guidance Software by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,983 shares of the software maker’s stock worth $132,000 after buying an additional 1,298 shares during the last quarter. First Quadrant L P CA purchased a new position in Guidance Software during the 2nd quarter worth $134,000. Finally, Citadel Advisors LLC grew its stake in Guidance Software by 38.6% during the 1st quarter. Citadel Advisors LLC now owns 22,707 shares of the software maker’s stock worth $134,000 after buying an additional 6,319 shares during the last quarter. Hedge funds and other institutional investors own 51.78% of the company’s stock.
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About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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