Zacks: Analysts Anticipate Guidewire Software Inc (NYSE:GWRE) to Post $0.45 EPS

Equities research analysts expect Guidewire Software Inc (NYSE:GWRE) to post $0.45 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.42. Guidewire Software posted earnings per share of $0.56 in the same quarter last year, which indicates a negative year-over-year growth rate of 19.6%. The company is expected to report its next earnings report on Thursday, September 3rd.

On average, analysts expect that Guidewire Software will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.91. For the next financial year, analysts forecast that the firm will report earnings of $0.96 per share, with EPS estimates ranging from $0.59 to $1.18. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.14. Guidewire Software had a positive return on equity of 0.02% and a negative net margin of 6.08%. The firm had revenue of $168.17 million during the quarter, compared to analyst estimates of $151.49 million. During the same period last year, the company posted $0.18 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Co increased their target price on shares of Guidewire Software from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, June 4th. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Monday, March 9th. Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating and set a $87.00 price target for the company in a research note on Monday, March 16th. Needham & Company LLC raised their price objective on shares of Guidewire Software from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, BTIG Research lifted their target price on shares of Guidewire Software from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Guidewire Software presently has a consensus rating of “Hold” and a consensus price target of $116.09.

In related news, insider Steven P. Sherry sold 3,041 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $106.86, for a total transaction of $324,961.26. Following the completion of the transaction, the insider now directly owns 414 shares in the company, valued at approximately $44,240.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven P. Sherry sold 1,427 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $106.44, for a total transaction of $151,889.88. Following the completion of the sale, the insider now owns 4,468 shares in the company, valued at $475,573.92. The disclosure for this sale can be found here. Insiders have sold 62,392 shares of company stock valued at $6,293,136 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Guidewire Software during the fourth quarter worth about $7,958,000. Keebeck Wealth Management LLC bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC raised its stake in shares of Guidewire Software by 1,412.5% in the fourth quarter. Quadrant Capital Group LLC now owns 363 shares of the technology company’s stock valued at $38,000 after purchasing an additional 339 shares in the last quarter. Maverick Capital Ltd. bought a new position in Guidewire Software in the first quarter worth $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in Guidewire Software during the first quarter worth $35,000.

NYSE GWRE opened at $109.15 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.93 and a quick ratio of 6.93. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 10,915.01 and a beta of 1.26. The company has a 50 day simple moving average of $102.76 and a 200-day simple moving average of $101.13. Guidewire Software has a 52-week low of $71.64 and a 52-week high of $124.16.

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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