Brokerages Anticipate Insperity, Inc. (NSP) Will Announce Earnings of $0.98 Per Share
Brokerages forecast that Insperity, Inc. (NYSE:NSP) will announce earnings per share of $0.98 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Insperity’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.97. Insperity reported earnings per share of $0.78 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The company is expected to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Insperity will report full year earnings of $4.55 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.58. For the next fiscal year, analysts expect that the firm will post earnings of $5.17 per share, with EPS estimates ranging from $4.97 to $5.33. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Insperity.
Insperity (NYSE:NSP) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. During the same period in the previous year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year.
Several research firms have recently weighed in on NSP. BidaskClub downgraded Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, August 7th. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $94.00.
Insperity (NYSE:NSP) traded up 0.74% during trading on Friday, reaching $81.30. 68,354 shares of the company’s stock were exchanged. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 23.54 and a beta of 0.77. The firm’s 50-day moving average price is $80.16 and its 200-day moving average price is $81.02. Insperity has a 12 month low of $64.55 and a 12 month high of $93.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. Insperity’s payout ratio is 34.68%.
In other Insperity news, Director John M. Morphy sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $83.85, for a total value of $41,925.00. Following the completion of the transaction, the director now owns 1,887 shares in the company, valued at approximately $158,224.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mckenna Michelle sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $79.69, for a total value of $47,814.00. Following the completion of the transaction, the director now owns 1,145 shares of the company’s stock, valued at approximately $91,245.05. The disclosure for this sale can be found here. Insiders have sold a total of 106,310 shares of company stock valued at $8,928,263 in the last quarter. 27.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of NSP. Victory Capital Management Inc. boosted its stake in Insperity by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after purchasing an additional 217 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Insperity by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after purchasing an additional 252 shares during the period. Meeder Asset Management Inc. bought a new position in Insperity in the 1st quarter worth about $129,000. Bank of Montreal Can boosted its stake in Insperity by 1.1% in the 1st quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after purchasing an additional 19 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in Insperity by 172.8% in the 1st quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock worth $175,000 after purchasing an additional 1,249 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.
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Insperity Company Profile
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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