Zacks: Analysts Expect Guidewire Software Inc (NYSE:GWRE) to Announce $0.50 Earnings Per Share

Wall Street analysts expect Guidewire Software Inc (NYSE:GWRE) to report earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. Guidewire Software reported earnings of $0.81 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 38.3%. The business is expected to announce its next earnings results on Wednesday, September 4th.

On average, analysts expect that Guidewire Software will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.38 to $1.40. For the next financial year, analysts expect that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, beating the 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 firm had revenue of $162.90 million during the quarter, compared to analysts’ expectations of $155.23 million. During the same period in the previous year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Piper Jaffray Companies boosted their price objective on shares of Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $106.56.

In other Guidewire Software news, insider Steven P. Sherry sold 4,716 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 3,268 shares of the company’s stock, valued at $328,499.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $96.54, for a total transaction of $1,930,800.00. Following the sale, the chief executive officer now directly owns 22,404 shares of the company’s stock, valued at $2,162,882.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,702 shares of company stock valued at $3,799,748. 0.69% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co boosted its position in shares of Guidewire Software by 4.4% in the second quarter. Diversified Trust Co now owns 2,355 shares of the technology company’s stock worth $239,000 after purchasing an additional 100 shares during the period. Aperio Group LLC boosted its position in shares of Guidewire Software by 1.0% during the second quarter. Aperio Group LLC now owns 12,093 shares of the technology company’s stock worth $1,226,000 after acquiring an additional 115 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of Guidewire Software by 6.0% during the second quarter. Zions Bancorporation N.A. now owns 2,272 shares of the technology company’s stock worth $230,000 after acquiring an additional 128 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Guidewire Software by 2.8% during the second quarter. Janney Montgomery Scott LLC now owns 7,317 shares of the technology company’s stock worth $742,000 after acquiring an additional 199 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Guidewire Software by 1.7% during the first quarter. Commerce Bank now owns 13,354 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 229 shares during the last quarter.

Shares of GWRE traded up $1.70 during mid-day trading on Wednesday, hitting $95.07. 625,183 shares of the company traded hands, compared to its average volume of 718,614. 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 50-day moving average price of $99.88 and a two-hundred day moving average price of $98.78. Guidewire Software has a 1 year low of $73.82 and a 1 year high of $109.06. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 1,056.33, a P/E/G ratio of 29.23 and a beta of 1.18.

Guidewire Software Company Profile

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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