$21.65 Million in Sales Expected for Goosehead Insurance Inc (NASDAQ:GSHD) This Quarter

Wall Street analysts expect Goosehead Insurance Inc (NASDAQ:GSHD) to report $21.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Goosehead Insurance’s earnings, with estimates ranging from $21.50 million to $21.79 million. Goosehead Insurance posted sales of $16.05 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 34.9%. The firm is scheduled to report its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Goosehead Insurance will report full-year sales of $84.98 million for the current fiscal year, with estimates ranging from $84.80 million to $85.15 million. For the next year, analysts expect that the company will report sales of $115.10 million, with estimates ranging from $114.50 million to $115.69 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Goosehead Insurance.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Goosehead Insurance had a net margin of 5.06% and a negative return on equity of 14.52%. The business had revenue of $19.40 million during the quarter, compared to the consensus estimate of $19.83 million. Goosehead Insurance’s revenue was up 31.1% compared to the same quarter last year.

Several equities research analysts have recently issued reports on GSHD shares. ValuEngine lowered Goosehead Insurance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday. Bank of America reissued a “buy” rating and set a $55.00 target price (up from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. set a $60.00 price target on Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.00.

In other Goosehead Insurance news, insider Serena Jones sold 10,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $46.08, for a total value of $460,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lanni Romney sold 5,717 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $45.45, for a total value of $259,837.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 472,917 shares of company stock worth $32,773,313. Corporate insiders own 67.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GSHD. First Mercantile Trust Co. purchased a new stake in Goosehead Insurance in the second quarter worth about $33,000. Rehmann Capital Advisory Group purchased a new stake in shares of Goosehead Insurance during the second quarter worth about $41,000. Bank of Montreal Can purchased a new stake in shares of Goosehead Insurance during the second quarter worth about $45,000. US Bancorp DE purchased a new stake in shares of Goosehead Insurance during the second quarter worth about $46,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Goosehead Insurance during the second quarter worth about $57,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

NASDAQ:GSHD traded down $0.05 on Friday, reaching $48.25. 115,290 shares of the stock traded hands, compared to its average volume of 168,659. The firm has a market capitalization of $728.59 million, a price-to-earnings ratio of 241.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.34. Goosehead Insurance has a 1-year low of $20.49 and a 1-year high of $51.98. The company’s 50 day moving average is $46.82 and its 200-day moving average is $40.91.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Earnings History and Estimates for Goosehead Insurance (NASDAQ:GSHD)

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