Insight Enterprises (NASDAQ:NSIT) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.90-4.00 for the period, compared to the Thomson Reuters consensus estimate of $3.51.
Insight Enterprises (NSIT) traded up $0.95 during midday trading on Wednesday, hitting $35.18. The company had a trading volume of 281,467 shares, compared to its average volume of 205,792. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 1.84. Insight Enterprises has a 12 month low of $32.10 and a 12 month high of $53.19. The firm has a market cap of $1,230.00, a P/E ratio of 12.84 and a beta of 1.40.
NSIT has been the topic of several recent research reports. Zacks Investment Research raised Insight Enterprises from a hold rating to a buy rating and set a $43.00 price objective on the stock in a report on Wednesday, January 3rd. B. Riley reissued a buy rating and set a $56.00 price objective (up previously from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. ValuEngine downgraded Insight Enterprises from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, BidaskClub downgraded Insight Enterprises from a sell rating to a strong sell rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $48.00.
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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