Guidewire Software (NYSE:GWRE) released its earnings results on Thursday. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.33, Briefing.com reports. The company had revenue of $157.00 million during the quarter, compared to analyst estimates of $151.75 million. Guidewire Software had a return on equity of 3.37% and a net margin of 2.87%. Guidewire Software’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share.
NYSE:GWRE opened at $119.33 on Friday. Guidewire Software has a 52-week low of $73.82 and a 52-week high of $123.60. The stock has a fifty day moving average of $115.89 and a 200 day moving average of $105.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.75 and a current ratio of 5.75. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 189.41, a P/E/G ratio of 51.79 and a beta of 1.18.
GWRE has been the topic of a number of recent research reports. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Stifel Nicolaus lifted their price objective on Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 27th. ValuEngine cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson raised their price objective on shares of Guidewire Software to $125.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.17.
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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