Goosehead Insurance (GSHD) to Release Quarterly Earnings on Monday

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Goosehead Insurance (NASDAQ:GSHD) will be issuing its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Tuesday, August 7th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.74). The business had revenue of $14.79 million for the quarter, compared to analyst estimates of $13.80 million. On average, analysts expect Goosehead Insurance to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GSHD stock traded up $1.83 during midday trading on Tuesday, reaching $33.71. 3,104 shares of the company’s stock traded hands, compared to its average volume of 130,619. Goosehead Insurance has a 52 week low of $10.78 and a 52 week high of $38.18.

GSHD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price target on shares of Goosehead Insurance in a report on Thursday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.00.

An institutional investor recently bought a new position in Goosehead Insurance stock. Bank of New York Mellon Corp purchased a new position in Goosehead Insurance Inc (NASDAQ:GSHD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,045 shares of the company’s stock, valued at approximately $825,000. Bank of New York Mellon Corp owned 0.24% of Goosehead Insurance as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 75.67% 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.

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