Guidewire Software (GWRE) to Release Quarterly Earnings on Thursday

Guidewire Software (NYSE:GWREGet Free Report) is set to release its earnings data after the market closes on Thursday, September 5th. Analysts expect Guidewire Software to post earnings of $0.52 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Guidewire Software (NYSE:GWREGet Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The business had revenue of $240.68 million for the quarter, compared to analysts’ expectations of $231.46 million. On average, analysts expect Guidewire Software to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Guidewire Software Stock Down 1.8 %

Guidewire Software stock opened at $146.08 on Wednesday. The company’s fifty day simple moving average is $143.79 and its 200-day simple moving average is $127.50. Guidewire Software has a 12 month low of $83.91 and a 12 month high of $153.85. The stock has a market cap of $12.08 billion, a P/E ratio of -1,123.69 and a beta of 1.19.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the sale, the chief executive officer now directly owns 239,793 shares in the company, valued at $32,261,750.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now owns 139,171 shares in the company, valued at $19,361,469.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,064 shares of company stock valued at $1,782,775. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson upped their price objective on shares of Guidewire Software from $142.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, BTIG Research boosted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.69.

Read Our Latest Analysis on Guidewire Software

About Guidewire Software

(Get Free Report)

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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Earnings History for Guidewire Software (NYSE:GWRE)

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