Zacks: Brokerages Expect Insight Enterprises, Inc. (NSIT) to Announce $1.00 EPS

Analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will post earnings of $1.00 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Insight Enterprises’ earnings. The lowest EPS estimate is $0.99 and the highest is $1.02. Insight Enterprises reported earnings of $0.73 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 37%. The business is scheduled to issue its next earnings report on Tuesday, November 6th.

On average, analysts expect that Insight Enterprises will report full-year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $4.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.84 per share, with EPS estimates ranging from $4.80 to $4.86. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, August 1st. The software maker reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.19. Insight Enterprises had a return on equity of 16.42% and a net margin of 1.69%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year.

NSIT has been the topic of several research reports. BidaskClub downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, July 25th. Finally, B. Riley upped their price objective on Insight Enterprises from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd.

In other Insight Enterprises news, Director Anthony Ibarguen sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $53.55, for a total transaction of $267,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samuel C. Cowley sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $53.06, for a total transaction of $318,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,827 shares of company stock valued at $859,173 in the last quarter. Corporate insiders own 1.77% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at $108,000. Meeder Asset Management Inc. raised its position in shares of Insight Enterprises by 7,465.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock valued at $159,000 after acquiring an additional 3,210 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at $204,000. CIBC Asset Management Inc bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at $218,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at $219,000. Institutional investors own 95.08% of the company’s stock.

NASDAQ:NSIT traded down $1.07 during trading hours on Monday, hitting $53.53. 256,400 shares of the stock were exchanged, compared to its average volume of 235,516. Insight Enterprises has a twelve month low of $32.10 and a twelve month high of $56.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.28 and a current ratio of 1.37. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 16.52 and a beta of 1.25.

About Insight Enterprises

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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