Equities research analysts expect that Guidewire Software Inc (NYSE:GWRE) will announce $205.01 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Guidewire Software’s earnings, with the lowest sales estimate coming in at $202.78 million and the highest estimate coming in at $207.34 million. Guidewire Software reported sales of $248.64 million during the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The firm is expected to announce its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Guidewire Software will report full-year sales of $716.66 million for the current financial year, with estimates ranging from $714.44 million to $719.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $801.23 million, with estimates ranging from $788.80 million to $818.66 million. Zacks’ sales averages are an average based on a survey of research firms that cover Guidewire Software.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $162.90 million during the quarter, compared to analysts’ expectations of $155.23 million. Guidewire Software had a return on equity of 4.76% and a net margin of 10.66%. Guidewire Software’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share.

A number of analysts have recently issued reports on GWRE shares. Piper Jaffray Companies lifted their price target on Cisco Systems from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Finally, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $107.40.

GWRE traded up $1.31 during trading on Wednesday, hitting $103.63. The company’s stock had a trading volume of 402,605 shares, compared to its average volume of 444,040. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.21. Guidewire Software has a twelve month low of $73.82 and a twelve month high of $109.06. The business’s fifty day moving average price is $100.51. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 1,151.44, a price-to-earnings-growth ratio of 22.64 and a beta of 1.18.

In related news, CFO Curtis Smith sold 703 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $99.49, for a total value of $69,941.47. Following the sale, the chief financial officer now owns 5,511 shares in the company, valued at approximately $548,289.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marcus Ryu sold 20,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $96.54, for a total value of $1,930,800.00. Following the completion of the sale, the chief executive officer now owns 22,404 shares in the company, valued at approximately $2,162,882.16. The disclosure for this sale can be found here. Insiders sold a total of 58,702 shares of company stock worth $5,908,948 in the last quarter. Company insiders own 0.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of Guidewire Software by 2.8% in the fourth quarter. LPL Financial LLC now owns 4,236 shares of the technology company’s stock valued at $340,000 after purchasing an additional 114 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Guidewire Software by 96.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,053 shares of the technology company’s stock valued at $84,000 after purchasing an additional 517 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Guidewire Software by 3.7% in the fourth quarter. Northern Trust Corp now owns 415,812 shares of the technology company’s stock valued at $33,360,000 after purchasing an additional 14,790 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $371,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Guidewire Software by 14.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 270,906 shares of the technology company’s stock valued at $21,734,000 after purchasing an additional 34,549 shares during the last quarter.

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

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