Insight Enterprises (NSIT) Releases FY18 Earnings Guidance

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.

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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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