Insight Enterprises Inc. (NSIT) Releases FY14 Earnings Guidance
Insight Enterprises Inc. (NASDAQ:NSIT) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.02-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.05, AnalystRatings.Net reports.
Shares of Insight Enterprises Inc. (NASDAQ:NSIT) traded down 4.47% on Thursday, hitting $26.27. 262,028 shares of the company’s stock traded hands. Insight Enterprises Inc. has a 1-year low of $18.27 and a 1-year high of $31.94. The stock’s 50-day moving average is $28.66 and its 200-day moving average is $26.0. The company has a market cap of $1.075 billion and a price-to-earnings ratio of 15.86.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Insight Enterprises Inc. will post $2.05 EPS for the current fiscal year.
On a related note, analysts at Raymond James downgraded shares of Insight Enterprises from a market perform rating to an underperform rating in a research note on Monday, July 7th.
Insight Enterprises, Inc (NASDAQ:NSIT) is a global provider of information technology (IT) solutions to businesses and public sector institutions.
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