Goosehead Insura Stock Price, News & Analysis

Goosehead Insurance (NASDAQ: GSHD) has announced significant financial developments including a new $300 million term loan B and a $75 million revolving credit facility. The term loan, maturing on January 8, 2032, will bear interest at SOFR plus 3.50%. The proceeds will be used to retire the company's existing $93 million term loan and fund a special dividend.

The company has declared a special distribution of $175 million through Goosehead Financial, , payable on January 31, 2025, to Unit holders of record as of January 21, 2025. Additionally, the board approved a one-time special cash dividend of $5.91 per share of Class A common stock, payable on the same dates. The special dividend comprises $1.22 from excess tax distributions and $4.69 from Goosehead Financial's distribution.

Goosehead Insurance reported strong Q3 2024 results with total revenue growing 10% to $78.0 million and core revenue increasing 16% to $73.5 million. Net income reached $12.6 million, up from $11.3 million year-over-year, with EPS rising to $0.31 from $0.29. The company achieved a significant milestone with total written premiums exceeding $1.03 billion, a 28% increase. Corporate agent headcount grew 45% to 458, while policies in force increased 12% to approximately 1,636,000. The company maintained a client retention rate of 84% and raised its full-year 2024 guidance.

Goosehead Insurance, Inc. (NASDAQ: GSHD) has announced it will release its third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024. The company will host a conference call to discuss the results at 4:30 PM ET on the same day. Interested parties can access the call by phone through a registration link that will provide dial-in details. Additionally, a live webcast of the conference call will be available on Goosehead's investor relations website. For those unable to attend, a webcast replay will be accessible on the company's investor relations site for one year following the call.

Goosehead Insurance (NASDAQ: GSHD) reported strong Q2 2024 results, with total revenue up 13% to $78.1 million and core revenue growing 20% to $73.4 million. The company saw a 30% increase in total written premiums to $998.9 million and an 11% rise in policies in force to approximately 1,588,000. Net income improved to $10.9 million from $7.2 million a year ago, with EPS increasing to $0.25 from $0.15. Adjusted EBITDA grew to $24.7 million, maintaining a 32% margin. Notably, Goosehead repurchased 1.045 million shares at an average price of $60.46 during the quarter.

Goosehead Insurance (NASDAQ: GSHD) has announced it will release its second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024. The company will host a conference call to discuss the results at 4:30 PM ET on the same day. Investors can access the call by phone through a registration link, which will provide dial-in details. Additionally, a live webcast of the conference call will be available on Goosehead's investor relations website. For those unable to attend, a webcast replay will be accessible on the company's IR website for one year following the call.