Goosehead Insurance, Inc (NASDAQ:GSHD) Expected to Post Earnings of $0.21 Per Share

Equities research analysts expect Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) to announce earnings per share of $0.21 for the current quarter, Zacks reports. Four analysts have made estimates for Goosehead Insurance’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.17. Goosehead Insurance reported earnings per share of $0.13 in the same quarter last year, which would indicate a positive year-over-year growth rate of 61.5%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Goosehead Insurance will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.87. For the next financial year, analysts forecast that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.10 to $1.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Goosehead Insurance.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). Goosehead Insurance had a net margin of 2.20% and a negative return on equity of 6.16%. The company had revenue of $41.28 million for the quarter, compared to the consensus estimate of $41.69 million. During the same quarter last year, the business posted ($0.02) earnings per share.

Several brokerages have weighed in on GSHD. Truist Financial dropped their price objective on Goosehead Insurance from $75.00 to $60.00 in a research note on Wednesday. Royal Bank of Canada decreased their target price on Goosehead Insurance from $140.00 to $120.00 in a research report on Wednesday. Piper Sandler decreased their target price on Goosehead Insurance from $120.00 to $75.00 in a research report on Wednesday. Zacks Investment Research lowered Goosehead Insurance from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, JMP Securities decreased their target price on Goosehead Insurance from $170.00 to $160.00 and set a “market outperform” rating for the company in a research report on Friday, January 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $126.43.

NASDAQ:GSHD traded down $3.73 during trading hours on Friday, hitting $57.49. 317,682 shares of the company traded hands, compared to its average volume of 209,667. The firm’s 50-day simple moving average is $71.43 and its 200-day simple moving average is $106.03. Goosehead Insurance has a one year low of $52.00 and a one year high of $181.30. The company has a market cap of $2.13 billion, a PE ratio of 359.33 and a beta of 0.67.

In related news, major shareholder & Robyn Jones Descendants Mark sold 17,226 shares of Goosehead Insurance stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $79.77, for a total value of $1,374,118.02. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,557,479.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 48.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. Morgan Stanley boosted its stake in Goosehead Insurance by 114.8% in the 2nd quarter. Morgan Stanley now owns 52,364 shares of the company’s stock worth $6,664,000 after purchasing an additional 27,991 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Goosehead Insurance in the 3rd quarter worth about $2,894,000. SG Americas Securities LLC boosted its stake in Goosehead Insurance by 1,127.9% in the 3rd quarter. SG Americas Securities LLC now owns 10,523 shares of the company’s stock worth $1,603,000 after purchasing an additional 9,666 shares during the period. Allworth Financial LP bought a new position in Goosehead Insurance in the 3rd quarter worth about $95,000. Finally, Baker Tilly Wealth Management LLC boosted its stake in Goosehead Insurance by 10.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 5,041 shares of the company’s stock worth $768,000 after purchasing an additional 482 shares during the period. Institutional investors and hedge funds own 99.18% of the company’s stock.

Goosehead Insurance Company Profile (Get Rating)

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

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

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