Zacks: Brokerages Expect Insperity, Inc. (NSP) Will Post Quarterly Sales of $784.86 Million
Analysts expect Insperity, Inc. (NYSE:NSP) to report $784.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Insperity’s earnings, with the lowest sales estimate coming in at $771.65 million and the highest estimate coming in at $794.68 million. Insperity reported sales of $702.54 million during the same quarter last year, which indicates a positive year over year growth rate of 11.7%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that Insperity will report full-year sales of $784.86 million for the current fiscal year, with estimates ranging from $3.28 billion to $3.31 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.63 billion per share, with estimates ranging from $3.57 billion to $3.72 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Insperity.
Insperity (NYSE:NSP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $778.88 million. During the same quarter in the prior year, the firm posted $0.60 EPS. Insperity’s revenue was up 12.5% compared to the same quarter last year.
NSP has been the subject of a number of research analyst reports. BidaskClub cut Insperity from a “sell” rating to a “strong sell” rating in a report on Thursday, June 29th. Zacks Investment Research cut Insperity from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $94.00.
Insperity (NYSE:NSP) traded down 0.63% during trading on Thursday, hitting $94.25. 8,186 shares of the stock traded hands. Insperity has a 52 week low of $64.55 and a 52 week high of $96.30. The firm’s 50-day moving average is $87.61 and its 200 day moving average is $81.42. The stock has a market cap of $1.96 billion, a P/E ratio of 27.30 and a beta of 0.79.
In other news, Chairman Paul J. Sarvadi sold 5,742 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $84.05, for a total transaction of $482,615.10. Following the completion of the transaction, the chairman now directly owns 252,248 shares in the company, valued at approximately $21,201,444.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Morphy sold 500 shares of the business’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 transaction, the director now owns 1,887 shares of the company’s stock, valued at $158,224.95. The disclosure for this sale can be found here. Insiders have sold a total of 114,401 shares of company stock valued at $9,642,153 over the last three months. Company insiders own 13.92% of the company’s stock.
Several institutional investors have recently bought and sold shares of NSP. Victory Capital Management Inc. grew its position in shares of Insperity by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after buying an additional 217 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Insperity by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after buying an additional 252 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Insperity during the 1st quarter worth about $129,000. Profund Advisors LLC grew its position in shares of Insperity by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock worth $216,000 after buying an additional 465 shares during the period. Finally, LS Investment Advisors LLC grew its position in shares of Insperity by 29.3% during the 3rd quarter. LS Investment Advisors LLC now owns 2,527 shares of the business services provider’s stock worth $222,000 after buying an additional 573 shares during the period. Institutional investors own 78.98% of the company’s stock.
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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