Brokerages forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will report $1.13 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Insight Enterprises’ earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.15. Insight Enterprises posted earnings per share of $0.81 during the same quarter last year, which would suggest a positive year-over-year growth rate of 39.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $4.41 to $4.52. For the next year, analysts expect that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.52 to $4.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, November 7th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.84 billion. Insight Enterprises had a return on equity of 16.60% and a net margin of 1.83%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS.
A number of equities research analysts have issued reports on NSIT shares. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Wednesday, July 25th. B. Riley upped their target price on Insight Enterprises from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. BidaskClub raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 8th. Finally, ValuEngine cut Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday.
In other news, insider Samuel C. Cowley sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total transaction of $318,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven W. Dodenhoff sold 4,827 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $56.57, for a total value of $273,063.39. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at $1,652,749.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,827 shares of company stock valued at $859,173. Corporate insiders own 1.77% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of Insight Enterprises during the second quarter worth approximately $108,000. Meeder Asset Management Inc. lifted its holdings in shares of Insight Enterprises by 7,465.1% during the second quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock worth $159,000 after buying an additional 3,210 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Insight Enterprises during the second quarter worth approximately $204,000. CIBC Asset Management Inc acquired a new position in shares of Insight Enterprises during the second quarter worth approximately $218,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Insight Enterprises during the second quarter worth approximately $219,000. Institutional investors own 95.83% of the company’s stock.
Shares of Insight Enterprises stock opened at $46.54 on Wednesday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.65 and a quick ratio of 1.28. Insight Enterprises has a 12-month low of $32.10 and a 12-month high of $56.86.
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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