Guidewire Software (NYSE:GWRE) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.05-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $152.5-156.5 million, compared to the consensus revenue estimate of $148.58 million.Guidewire Software also updated its FY 2019 guidance to $1.35-1.41 EPS.
NYSE GWRE traded down $1.40 on Wednesday, hitting $86.46. 1,221,414 shares of the company were exchanged, compared to its average volume of 744,163. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 960.67, a price-to-earnings-growth ratio of 38.98 and a beta of 1.30. The company has a quick ratio of 8.40, a current ratio of 8.40 and a debt-to-equity ratio of 0.21. Guidewire Software has a 1-year low of $73.82 and a 1-year high of $107.79.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. The business had revenue of $179.70 million for the quarter, compared to the consensus estimate of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The firm’s quarterly revenue was up 66.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, equities analysts expect that Guidewire Software will post 0.3 earnings per share for the current year.
In other Guidewire Software news, CEO Marcus Ryu sold 9,715 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $81.17, for a total transaction of $788,566.55. Following the completion of the sale, the chief executive officer now directly owns 10,255 shares of the company’s stock, valued at approximately $832,398.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $82.30, for a total value of $32,920.00. Following the sale, the director now directly owns 11,503 shares of the company’s stock, valued at $946,696.90. The disclosure for this sale can be found here. Insiders have sold a total of 73,256 shares of company stock valued at $6,201,081 over the last three months. Company insiders own 0.69% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4202148/guidewire-software-gwre-releases-q3-earnings-guidance.html.
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.
Featured Article: What is Depreciation?
Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.