Goosehead Insurance (GSHD) Scheduled to Post Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to analysts' expectations of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business's revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, analysts expect Goosehead Insurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Goosehead Insurance Stock Down 1.1 %

Shares of NASDAQ GSHD traded down $1.06 during mid-day trading on Friday, reaching $96.46. 122,464 shares of the company's stock traded hands, compared to its average volume of 292,249. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The business has a 50-day simple moving average of $87.35 and a 200 day simple moving average of $71.74. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $100.15. The stock has a market cap of $3.66 billion, a P/E ratio of 155.58, a PEG ratio of 4.72 and a beta of 1.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on GSHD. Piper Sandler raised their price target on shares of Goosehead Insurance from $72.00 to $94.00 and gave the company an "overweight" rating in a research report on Monday. TD Cowen lowered shares of Goosehead Insurance from a "buy" rating to a "hold" rating and dropped their price target for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. UBS Group raised their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Truist Financial lifted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $84.10.

Insider Activity

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the sale, the insider now owns 5,000 shares of the company's stock, valued at $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Mark Evan Jones sold 11,699 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the completion of the transaction, the chairman now owns 39,451 shares of the company's stock, valued at approximately $3,382,923.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now directly owns 5,000 shares of the company's stock, valued at approximately $425,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,798 shares of company stock valued at $6,310,613 over the last quarter. Company insiders own 48.35% of the company's stock.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.