Zacks: Analysts Expect Goosehead Insurance, Inc (NASDAQ:GSHD) Will Announce Quarterly Sales of $40.39 Million

Equities analysts expect that Goosehead Insurance, Inc (NASDAQ:GSHD) will report $40.39 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Goosehead Insurance’s earnings, with estimates ranging from $39.43 million to $41.40 million. Goosehead Insurance reported sales of $32.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.1%. The firm is expected to report its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that Goosehead Insurance will report full year sales of $152.57 million for the current year, with estimates ranging from $149.45 million to $155.50 million. For the next fiscal year, analysts expect that the company will post sales of $209.92 million, with estimates ranging from $203.88 million to $219.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Goosehead Insurance.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $38.17 million during the quarter, compared to the consensus estimate of $37.22 million. Goosehead Insurance had a negative return on equity of 18.77% and a net margin of 5.23%.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, July 30th. Truist Securities assumed coverage on Goosehead Insurance in a research report on Wednesday, September 8th. They set a “hold” rating and a $155.00 target price for the company. Truist assumed coverage on Goosehead Insurance in a research report on Wednesday, September 8th. They set a “hold” rating and a $155.00 target price for the company. They noted that the move was a valuation call. Piper Sandler lifted their target price on Goosehead Insurance from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 31st. Finally, TheStreet upgraded Goosehead Insurance from a “d” rating to a “b” rating in a research report on Wednesday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $147.33.

GSHD traded up $5.71 during trading on Friday, reaching $158.26. The company had a trading volume of 5,015 shares, compared to its average volume of 193,892. The stock has a market cap of $5.82 billion, a P/E ratio of 428.72, a PEG ratio of 8.83 and a beta of 0.56. The business has a 50 day simple moving average of $134.55 and a 200-day simple moving average of $117.13. Goosehead Insurance has a 52 week low of $76.75 and a 52 week high of $174.79.

The company also recently declared a dividend, which was paid on Monday, August 23rd. Stockholders of record on Monday, August 9th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, August 6th.

In other Goosehead Insurance news, CFO Mark S. Colby sold 200 shares of Goosehead Insurance stock in a transaction dated Friday, June 25th. The stock was sold at an average price of $130.34, for a total value of $26,068.00. Following the transaction, the chief financial officer now owns 200 shares in the company, valued at $26,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 66,827 shares of Goosehead Insurance stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $127.47, for a total value of $8,518,437.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 299,013 shares of company stock worth $39,218,926. Insiders own 51.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. Sageworth Trust Co acquired a new stake in Goosehead Insurance in the first quarter worth about $49,000. First Horizon Advisors Inc. boosted its holdings in Goosehead Insurance by 125.7% in the second quarter. First Horizon Advisors Inc. now owns 465 shares of the company’s stock worth $59,000 after acquiring an additional 259 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Goosehead Insurance by 54.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 734 shares of the company’s stock worth $93,000 after acquiring an additional 259 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Goosehead Insurance by 24.3% in the first quarter. Great West Life Assurance Co. Can now owns 1,060 shares of the company’s stock worth $113,000 after acquiring an additional 207 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Goosehead Insurance in the second quarter worth about $139,000. 50.67% of the stock is owned by institutional investors and hedge funds.

About Goosehead Insurance

Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.

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

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