Analysts Anticipate Guidewire Software Inc (GWRE) to Announce $0.19 Earnings Per Share

Brokerages expect that Guidewire Software Inc (NYSE:GWRE) will report $0.19 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. Guidewire Software reported earnings per share of $0.28 during the same quarter last year, which indicates a negative year over year growth rate of 32.1%. The business is scheduled to report its next earnings report on Thursday, March 1st.

On average, analysts expect that Guidewire Software will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.86 to $0.90. For the next fiscal year, analysts anticipate that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share.

A number of research firms recently issued reports on GWRE. DA Davidson began coverage on Guidewire Software in a report on Friday, February 2nd. They issued a “buy” rating and a $92.00 target price for the company. TheStreet lowered Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 target price on shares of Guidewire Software in a report on Thursday, November 30th. Citigroup set a $85.00 target price on Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research lowered Guidewire Software from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.30.

In other Guidewire Software news, Director Andrew William Fraser Brown sold 2,585 shares of Guidewire Software stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $77.26, for a total transaction of $199,717.10. Following the completion of the sale, the director now directly owns 3,846 shares of the company’s stock, valued at approximately $297,141.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $80.17, for a total value of $48,102.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,909 shares of company stock valued at $7,407,998 over the last ninety days. 0.69% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Guidewire Software by 11.6% during the fourth quarter. Sterling Capital Management LLC now owns 67,752 shares of the technology company’s stock worth $5,031,000 after purchasing an additional 7,036 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Guidewire Software by 4.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock worth $55,167,000 after purchasing an additional 34,784 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of Guidewire Software by 6.3% during the fourth quarter. DF Dent & Co. Inc. now owns 19,053 shares of the technology company’s stock worth $1,415,000 after purchasing an additional 1,128 shares in the last quarter. Weitz Investment Management Inc. increased its position in shares of Guidewire Software by 160.0% during the fourth quarter. Weitz Investment Management Inc. now owns 65,000 shares of the technology company’s stock worth $4,827,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Guidewire Software by 101.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,762 shares of the technology company’s stock worth $354,000 after purchasing an additional 2,402 shares in the last quarter.

Guidewire Software (NYSE GWRE) traded down $0.10 during trading hours on Monday, reaching $81.88. The company had a trading volume of 330,016 shares, compared to its average volume of 489,218. The stock has a market capitalization of $6,170.00, a price-to-earnings ratio of 327.52, a PEG ratio of 139.07 and a beta of 1.13. Guidewire Software has a 52-week low of $54.34 and a 52-week high of $83.52.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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