Guidewire Software (GWRE) Updates FY 2019 Earnings Guidance

Guidewire Software (NYSE:GWRE) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.35-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.30. The company issued revenue guidance of $725-732 million, compared to the consensus revenue estimate of $728.73 million.Guidewire Software also updated its FY19 guidance to $1.35-1.41 EPS.

Shares of Guidewire Software stock opened at $92.66 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 8.40 and a quick ratio of 8.40. Guidewire Software has a 1-year low of $73.82 and a 1-year high of $107.79. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 1,029.56, a price-to-earnings-growth ratio of 38.98 and a beta of 1.30.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.15. Guidewire Software had a positive return on equity of 3.24% and a negative net margin of 0.72%. The firm had revenue of $169.30 million during the quarter, compared to the consensus estimate of $159.73 million. During the same period last year, the business posted $0.33 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Guidewire Software will post 0.3 earnings per share for the current year.

GWRE has been the topic of several recent research reports. Zacks Investment Research reaffirmed a hold rating on shares of Guidewire Software in a research report on Tuesday, November 13th. ValuEngine upgraded shares of Guidewire Software from a buy rating to a strong-buy rating in a research note on Saturday, December 1st. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the stock a buy rating in a research note on Wednesday, December 5th. Citigroup reduced their price objective on shares of Guidewire Software from $101.00 to $98.00 and set a neutral rating for the company in a research note on Thursday, December 6th. Finally, Goldman Sachs Group reissued a buy rating on shares of Guidewire Software in a report on Friday, February 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Guidewire Software has an average rating of Buy and a consensus target price of $106.40.

In related news, Director Guy Dubois sold 798 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $85.00, for a total transaction of $67,830.00. Following the sale, the director now owns 11,609 shares of the company’s stock, valued at $986,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $82.30, for a total transaction of $32,920.00. Following the sale, the director now directly owns 11,503 shares in the company, valued at approximately $946,696.90. The disclosure for this sale can be found here. Insiders have sold 73,256 shares of company stock worth $6,201,081 in the last quarter. 0.69% of the stock is owned by corporate insiders.

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About Guidewire Software

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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Earnings History and Estimates for Guidewire Software (NYSE:GWRE)

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