Analysts expect Goosehead Insurance Inc (NASDAQ:GSHD) to announce sales of $20.11 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Goosehead Insurance’s earnings. The lowest sales estimate is $19.30 million and the highest is $20.92 million. Goosehead Insurance reported sales of $14.72 million during the same quarter last year, which indicates a positive year over year growth rate of 36.6%. The company is scheduled to report its next earnings report on Thursday, March 5th.
According to Zacks, analysts expect that Goosehead Insurance will report full-year sales of $83.81 million for the current fiscal year, with estimates ranging from $83.00 million to $84.61 million. For the next fiscal year, analysts anticipate that the business will post sales of $113.09 million, with estimates ranging from $111.10 million to $115.07 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Goosehead Insurance.
Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $21.17 million for the quarter, compared to analysts’ expectations of $21.57 million. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis.
A number of research analysts have weighed in on GSHD shares. Royal Bank of Canada began coverage on shares of Goosehead Insurance in a research report on Tuesday, December 17th. They set an “outperform” rating and a $50.00 price target on the stock. ValuEngine lowered shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, Zacks Investment Research lowered shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $51.60.
GSHD stock traded up $0.19 during midday trading on Friday, reaching $45.89. 117,700 shares of the company’s stock traded hands, compared to its average volume of 145,275. The company has a market capitalization of $694.91 million, a P/E ratio of 229.45, a PEG ratio of 1.51 and a beta of 0.10. Goosehead Insurance has a fifty-two week low of $24.05 and a fifty-two week high of $51.98. The business has a 50-day moving average price of $42.25 and a two-hundred day moving average price of $45.06.
In other news, major shareholder Robyn Mary Elizabeth Jones sold 43,490 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.30, for a total transaction of $1,752,647.00. Following the sale, the insider now owns 747,890 shares in the company, valued at $30,139,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 149,564 shares of Goosehead Insurance stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $42.71, for a total transaction of $6,387,878.44. Insiders have sold 526,275 shares of company stock worth $22,450,331 in the last quarter. Insiders own 67.50% of the company’s stock.
Several large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its stake in shares of Goosehead Insurance by 5.1% in the third quarter. CIBC Private Wealth Group LLC now owns 4,755 shares of the company’s stock worth $235,000 after buying an additional 230 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of Goosehead Insurance by 2.6% in the third quarter. Sheets Smith Wealth Management now owns 12,308 shares of the company’s stock worth $607,000 after buying an additional 312 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Goosehead Insurance by 10.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 3,549 shares of the company’s stock worth $175,000 after buying an additional 330 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Goosehead Insurance by 3.4% in the third quarter. California State Teachers Retirement System now owns 17,812 shares of the company’s stock worth $879,000 after buying an additional 593 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Goosehead Insurance by 29.0% in the second quarter. JPMorgan Chase & Co. now owns 3,072 shares of the company’s stock worth $145,000 after buying an additional 691 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
Further Reading: Price to Earnings Ratio (PE) Basics
Get a free copy of the Zacks research report on Goosehead Insurance (GSHD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.