Brokerages Anticipate Insight Enterprises, Inc. (NSIT) Will Announce Quarterly Sales of $1.71 Billion

Equities research analysts forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will report $1.71 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Insight Enterprises’ earnings, with the highest sales estimate coming in at $1.74 billion and the lowest estimate coming in at $1.69 billion. Insight Enterprises reported sales of $1.47 billion during the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The firm is scheduled to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Insight Enterprises will report full year sales of $1.71 billion for the current fiscal year, with estimates ranging from $6.61 billion to $6.66 billion. For the next financial year, analysts expect that the business will post sales of $6.82 billion per share, with estimates ranging from $6.75 billion to $6.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year.

Several equities research analysts recently commented on NSIT shares. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, January 3rd. B. Riley reissued a “buy” rating and set a $56.00 target price (up previously from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. ValuEngine cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.00.

Shares of Insight Enterprises (NASDAQ NSIT) opened at $38.61 on Friday. Insight Enterprises has a twelve month low of $35.26 and a twelve month high of $53.19. The company has a market capitalization of $1,380.00, a P/E ratio of 14.30 and a beta of 1.56. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Insight Enterprises by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after buying an additional 92,987 shares during the last quarter. ClariVest Asset Management LLC grew its position in Insight Enterprises by 3.5% in the third quarter. ClariVest Asset Management LLC now owns 268,430 shares of the software maker’s stock worth $12,326,000 after buying an additional 9,115 shares during the last quarter. KBC Group NV grew its position in Insight Enterprises by 33.1% in the third quarter. KBC Group NV now owns 45,620 shares of the software maker’s stock worth $2,095,000 after buying an additional 11,357 shares during the last quarter. Shell Asset Management Co. grew its position in Insight Enterprises by 34.3% in the third quarter. Shell Asset Management Co. now owns 78,339 shares of the software maker’s stock worth $1,773,000 after buying an additional 20,027 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Insight Enterprises by 1,112.8% in the second quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock worth $17,642,000 after buying an additional 404,777 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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