Guidewire Software Inc (NYSE:GWRE) Expected to Announce Quarterly Sales of $164.27 Million

Wall Street analysts expect that Guidewire Software Inc (NYSE:GWRE) will post sales of $164.27 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Guidewire Software’s earnings, with estimates ranging from $163.51 million to $165.50 million. Guidewire Software reported sales of $169.27 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is expected to issue its next earnings results on Wednesday, March 4th.

According to Zacks, analysts expect that Guidewire Software will report full year sales of $764.29 million for the current financial year, with estimates ranging from $763.37 million to $765.50 million. For the next financial year, analysts expect that the company will report sales of $868.52 million, with estimates ranging from $859.00 million to $875.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, December 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.11. The firm 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 2.01% and a net margin of 0.03%. Guidewire Software’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share.

GWRE has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Guidewire Software from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 27th. DA Davidson raised their price target on Guidewire Software to $125.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup raised their price target on Guidewire Software from $97.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. ValuEngine cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Guggenheim restated a “buy” rating and issued a $130.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Guidewire Software has an average rating of “Hold” and an average target price of $116.83.

In other Guidewire Software news, insider Steven P. Sherry sold 4,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total value of $492,469.36. Following the sale, the insider now directly owns 5,605 shares in the company, valued at $598,501.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Polelle sold 3,560 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $108.23, for a total value of $385,298.80. Following the completion of the sale, the insider now owns 4,184 shares in the company, valued at $452,834.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,348 shares of company stock worth $8,709,735. 0.37% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of GWRE. Millennium Management LLC acquired a new stake in shares of Guidewire Software during the third quarter worth about $588,000. Voloridge Investment Management LLC acquired a new stake in shares of Guidewire Software during the third quarter worth about $6,003,000. Wildcat Capital Management LLC acquired a new stake in shares of Guidewire Software during the third quarter worth about $9,565,000. Parametric Portfolio Associates LLC increased its position in shares of Guidewire Software by 53.5% during the third quarter. Parametric Portfolio Associates LLC now owns 214,800 shares of the technology company’s stock worth $22,636,000 after purchasing an additional 74,896 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Guidewire Software by 1.2% during the third quarter. California State Teachers Retirement System now owns 131,378 shares of the technology company’s stock worth $13,845,000 after purchasing an additional 1,566 shares in the last quarter.

NYSE:GWRE traded down $0.70 during midday trading on Friday, reaching $104.73. The company had a trading volume of 909,760 shares, compared to its average volume of 1,175,554. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 166.24, a PEG ratio of 42.60 and a beta of 1.18. The stock’s fifty day simple moving average is $115.67 and its 200-day simple moving average is $105.12. Guidewire Software has a 12-month low of $73.82 and a 12-month high of $123.60. The company has a current ratio of 7.22, a quick ratio of 5.75 and a debt-to-equity ratio of 0.27.

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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