Wall Street brokerages expect Insight Enterprises, Inc. (NASDAQ:NSIT) to post $1.71 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Insight Enterprises’ earnings, with the lowest sales estimate coming in at $1.69 billion and the highest estimate coming in at $1.74 billion. Insight Enterprises reported sales of $1.47 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 16.3%. The business is scheduled to issue its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Insight Enterprises will report full year sales of $1.71 billion for the current year, with estimates ranging from $6.61 billion to $6.66 billion. For the next year, analysts forecast that the company will report sales of $6.82 billion per share, with estimates ranging from $6.75 billion to $6.91 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 26.2% on a year-over-year basis.

NSIT has been the subject of a number of research analyst reports. BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $56.00 price target (up previously from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. ValuEngine cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Insight Enterprises has an average rating of “Hold” and a consensus price target of $51.00.

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Insight Enterprises (NASDAQ NSIT) opened at $36.67 on Thursday. Insight Enterprises has a 52-week low of $33.24 and a 52-week high of $53.19. The firm has a market capitalization of $1,321.09, a price-to-earnings ratio of 11.72 and a beta of 1.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Insight Enterprises by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock worth $186,642,000 after purchasing an additional 143,348 shares in the last quarter. Vanguard Group Inc. increased its position in Insight Enterprises by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after purchasing an additional 92,987 shares in the last quarter. Northern Trust Corp increased its position in Insight Enterprises by 1.7% during the 2nd quarter. Northern Trust Corp now owns 1,543,613 shares of the software maker’s stock worth $61,730,000 after purchasing an additional 25,161 shares in the last quarter. LSV Asset Management increased its position in Insight Enterprises by 2.8% during the 2nd quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock worth $48,871,000 after purchasing an additional 33,823 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in Insight Enterprises by 14.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after purchasing an additional 134,029 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Insight Enterprises

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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Earnings History and Estimates for Insight Enterprises (NASDAQ:NSIT)

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