Insight Enterprises (NSIT) Announces Earnings Results

Insight Enterprises (NASDAQ:NSIT) posted its quarterly earnings data on Wednesday. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02, Bloomberg Earnings reports. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. Insight Enterprises updated its FY18 guidance to $3.90-4.00 EPS.

Insight Enterprises (NASDAQ NSIT) traded up $0.95 during midday trading on Wednesday, hitting $35.18. 281,467 shares of the stock were exchanged, compared to its average volume of 205,792. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1,230.00, a PE ratio of 12.84 and a beta of 1.40. Insight Enterprises has a 12-month low of $32.10 and a 12-month high of $53.19.

A number of research analysts have recently commented on NSIT shares. B. Riley restated a “buy” rating on shares of Insight Enterprises in a report on Tuesday. BidaskClub cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Zacks Investment Research cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, ValuEngine cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.00.

TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/14/insight-enterprises-nsit-announces-earnings-results.html.

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.

Earnings History for Insight Enterprises (NASDAQ:NSIT)

Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply