Goosehead Insurance (NASDAQ:GSHD – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05, Briefing.com reports. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Goosehead Insurance updated its FY 2024 guidance to EPS.
Goosehead Insurance Price Performance
GSHD stock traded up $12.10 on Thursday, reaching $108.13. 642,961 shares of the company’s stock were exchanged, compared to its average volume of 293,265. The stock has a fifty day moving average of $88.55 and a 200-day moving average of $72.76. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $108.16. The firm has a market cap of $4.11 billion, a PE ratio of 174.40, a P/E/G ratio of 4.72 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.
Insider Buying and Selling
In related news, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total value of $434,511.64. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $451,300. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,798 shares of company stock valued at $6,310,613 over the last quarter. Company insiders own 48.35% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Report on Goosehead Insurance
About Goosehead Insurance
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.
See Also
- Five stocks we like better than Goosehead Insurance
- What are earnings reports?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Short Selling: How to Short a Stock
- Tesla Stock: Buy the Dips, Sell the Rips
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.