Guidewire Software (NYSE:GWRE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.35-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.30. The company issued revenue guidance of $725-732 million, compared to the consensus revenue estimate of $728.72 million.Guidewire Software also updated its FY 2019 guidance to $1.35-1.41 EPS.
Shares of NYSE:GWRE opened at $90.22 on Friday. The company has a market capitalization of $7.45 billion, a P/E ratio of 1,002.44, a PEG ratio of 38.98 and a beta of 1.30. Guidewire Software has a fifty-two week low of $73.82 and a fifty-two week high of $107.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 8.40 and a current ratio of 8.40.
Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, March 6th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.15. The firm had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $159.73 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, analysts predict that Guidewire Software will post 0.31 earnings per share for the current fiscal year.
In other Guidewire Software news, insider Michael Polelle sold 1,004 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $86.77, for a total value of $87,117.08. Following the completion of the sale, the insider now owns 3,629 shares of the company’s stock, valued at $314,888.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 400 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $82.30, for a total value of $32,920.00. Following the completion of the sale, the director now directly owns 11,503 shares of the company’s stock, valued at approximately $946,696.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,458 shares of company stock valued at $6,133,251. Corporate insiders own 0.69% of the company’s stock.
WARNING: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4205857/guidewire-software-gwre-updates-fy19-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.
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.