Insperity (NYSE:NSP) Updates Q2 2024 Earnings Guidance

Insperity (NYSE:NSP) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.610-0.830 for the period, compared to the consensus EPS estimate of 0.690. The company issued revenue guidance of -. Insperity also updated its FY 2024 guidance to 3.170-3.900 EPS.

Analysts Set New Price Targets

NSP has been the subject of a number of analyst reports. TheStreet downgraded shares of Insperity from a b rating to a c+ rating in a research report on Monday, February 12th. StockNews.com raised Insperity from a hold rating to a buy rating in a research report on Wednesday.

Insperity Stock Performance

NYSE NSP traded down $0.29 during trading on Friday, reaching $102.88. 305,792 shares of the company’s stock were exchanged, compared to its average volume of 278,037. Insperity has a fifty-two week low of $90.80 and a fifty-two week high of $128.91. The stock has a market capitalization of $3.87 billion, a P/E ratio of 25.15, a PEG ratio of 2.95 and a beta of 1.16. The business has a 50 day moving average price of $103.92 and a 200-day moving average price of $108.01. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.15 and a quick ratio of 1.11.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. Sell-side analysts forecast that Insperity will post 2.34 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.57 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $2.28 annualized dividend and a yield of 2.22%. Insperity’s dividend payout ratio (DPR) is presently 55.75%.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.