Goosehead Insurance (NASDAQ:GSHD – Get Free Report) released its earnings results on Wednesday. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05, Briefing.com reports. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. Goosehead Insurance’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Goosehead Insurance updated its FY 2024 guidance to EPS.
Goosehead Insurance Stock Up 12.6 %
GSHD stock traded up $12.10 during trading on Thursday, hitting $108.13. 642,961 shares of the company’s stock were exchanged, compared to its average volume of 293,265. The business has a 50-day moving average price of $88.55 and a two-hundred day moving average price of $72.76. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 174.40, a PEG ratio of 4.72 and a beta of 1.35. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $108.16. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31.
Insider Buying and Selling
In related news, major shareholder Patrick Ryan Langston sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $476,750. The trade was 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 available through the SEC website. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 11,699 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $85.75, for a total value of $1,003,189.25. Following the completion of the sale, the chairman now owns 39,451 shares in the company, valued at approximately $3,382,923.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $476,750. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,798 shares of company stock worth $6,310,613 over the last 90 days. 48.35% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Goosehead Insurance
Goosehead Insurance Company Profile
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.
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