Zacks: Brokerages Anticipate Guidewire Software Inc (GWRE) Will Announce Earnings of $0.22 Per Share

Analysts expect that Guidewire Software Inc (NYSE:GWRE) will post $0.22 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.18. Guidewire Software reported earnings per share of $0.33 during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, March 5th.

On average, analysts expect that Guidewire Software will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.34. For the next financial year, analysts expect that the company will post earnings of $1.46 per share, with EPS estimates ranging from $1.22 to $1.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.18. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.38%. The firm had revenue of $179.70 million during the quarter, compared to analyst estimates of $162.24 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 66.1% compared to the same quarter last year.

Several research firms have recently commented on GWRE. Piper Jaffray Companies upped their price target on shares of Guidewire Software to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 28th. TheStreet upgraded shares of Guidewire Software from a “c” rating to a “b-” rating in a research report on Thursday, September 6th. DA Davidson upped their price target on shares of Guidewire Software to $118.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. Bank of America upped their price target on shares of Guidewire Software from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, September 21st. Finally, Stifel Nicolaus upped their price target on shares of Guidewire Software from $93.00 to $106.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Buy” and a consensus price target of $109.60.

In related news, CEO Marcus Ryu sold 20,822 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.34, for a total value of $2,089,279.48. Following the completion of the sale, the chief executive officer now owns 21,098 shares of the company’s stock, valued at $2,116,973.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Priscilla Hung sold 4,956 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $103.68, for a total transaction of $513,838.08. Following the completion of the sale, the chief operating officer now directly owns 7,498 shares of the company’s stock, valued at approximately $777,392.64. The disclosure for this sale can be found here. Insiders sold 88,359 shares of company stock valued at $8,598,456 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Guidewire Software by 3.2% in the third quarter. Vanguard Group Inc. now owns 7,021,764 shares of the technology company’s stock worth $709,268,000 after purchasing an additional 215,874 shares during the period. Bamco Inc. NY lifted its holdings in Guidewire Software by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 6,528,904 shares of the technology company’s stock valued at $659,485,000 after acquiring an additional 40,699 shares during the last quarter. Blair William & Co. IL lifted its holdings in Guidewire Software by 4.2% in the 3rd quarter. Blair William & Co. IL now owns 1,317,154 shares of the technology company’s stock valued at $133,046,000 after acquiring an additional 53,070 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Guidewire Software by 22.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 900,134 shares of the technology company’s stock valued at $79,914,000 after acquiring an additional 162,319 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Guidewire Software by 30.1% in the 2nd quarter. Jennison Associates LLC now owns 862,208 shares of the technology company’s stock valued at $76,547,000 after acquiring an additional 199,367 shares during the last quarter.

Guidewire Software stock opened at $85.01 on Wednesday. The stock has a market cap of $6.87 billion, a PE ratio of 944.56, a PEG ratio of 34.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.43 and a quick ratio of 5.43. Guidewire Software has a one year low of $72.04 and a one year high of $107.79.

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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