Equities research analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will post earnings per share of $0.95 for the current quarter, Zacks reports. Three analysts have provided estimates for Insight Enterprises’ earnings, with estimates ranging from $0.88 to $1.00. Insight Enterprises reported earnings per share of $0.97 in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.09. For the next year, analysts anticipate that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $3.20 to $3.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.27. Insight Enterprises had a return on equity of 14.68% and a net margin of 1.58%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Insight Enterprises’s revenue for the quarter was up 26.4% compared to the same quarter last year.
A number of brokerages recently commented on NSIT. B. Riley restated a “neutral” rating and issued a $48.00 price objective on shares of Insight Enterprises in a research report on Sunday, May 7th. BidaskClub downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, March 30th. Finally, Stifel Nicolaus raised their price objective on shares of Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.67.
In other news, CFO Glynis Bryan sold 3,946 shares of Insight Enterprises stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total transaction of $165,732.00. Following the completion of the sale, the chief financial officer now directly owns 39,643 shares in the company, valued at approximately $1,665,006. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.23% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of NSIT. Ameritas Investment Partners Inc. bought a new stake in Insight Enterprises during the first quarter worth about $123,000. State of Alaska Department of Revenue increased its stake in Insight Enterprises by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,920 shares of the software maker’s stock worth $161,000 after buying an additional 80 shares during the last quarter. Invictus RG bought a new stake in Insight Enterprises during the first quarter worth about $199,000. Cambridge Investment Research Advisors Inc. bought a new stake in Insight Enterprises during the first quarter worth about $311,000. Finally, Oxford Asset Management bought a new stake in Insight Enterprises during the fourth quarter worth about $332,000. Institutional investors own 97.85% of the company’s stock.
Shares of Insight Enterprises (NASDAQ NSIT) traded down 1.58% during trading on Tuesday, hitting $41.64. The company had a trading volume of 338,388 shares. Insight Enterprises has a 52-week low of $24.23 and a 52-week high of $53.19. The firm has a market capitalization of $1.49 billion, a P/E ratio of 16.43 and a beta of 1.67. The stock’s 50-day moving average is $42.96 and its 200 day moving average is $41.12.
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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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