Analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce $1.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Insight Enterprises’ earnings. The lowest EPS estimate is $1.20 and the highest is $1.61. Insight Enterprises posted earnings per share of $1.32 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 13th.
According to Zacks, analysts expect that Insight Enterprises will report full-year earnings of $4.96 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.00. For the next financial year, analysts expect that the firm will report earnings of $5.85 per share, with EPS estimates ranging from $5.25 to $6.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.99 billion. Insight Enterprises had a return on equity of 17.22% and a net margin of 2.40%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS.
Several analysts recently commented on NSIT shares. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, August 9th. ValuEngine raised Insight Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. BidaskClub raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. B. Riley set a $79.00 price objective on Insight Enterprises and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. started coverage on Insight Enterprises in a research note on Thursday, September 12th. They set an “overweight” rating and a $68.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Insight Enterprises presently has an average rating of “Buy” and an average price target of $66.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Insight Enterprises by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,117 shares of the software maker’s stock valued at $897,000 after purchasing an additional 1,799 shares during the period. Mason Street Advisors LLC raised its stake in shares of Insight Enterprises by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 12,152 shares of the software maker’s stock valued at $677,000 after purchasing an additional 215 shares during the period. Lavaca Capital LLC acquired a new stake in shares of Insight Enterprises in the 3rd quarter valued at about $242,000. First Trust Advisors LP raised its stake in shares of Insight Enterprises by 14.0% in the 3rd quarter. First Trust Advisors LP now owns 30,710 shares of the software maker’s stock valued at $1,710,000 after purchasing an additional 3,781 shares during the period. Finally, Mackay Shields LLC raised its stake in shares of Insight Enterprises by 5.8% in the 3rd quarter. Mackay Shields LLC now owns 72,586 shares of the software maker’s stock valued at $4,043,000 after purchasing an additional 4,000 shares during the period. 99.04% of the stock is currently owned by hedge funds and other institutional investors.
Insight Enterprises stock traded down $0.19 during mid-day trading on Friday, hitting $63.28. 317,989 shares of the company’s stock were exchanged, compared to its average volume of 234,156. The firm has a market capitalization of $2.34 billion, a P/E ratio of 13.67 and a beta of 1.21. Insight Enterprises has a fifty-two week low of $37.77 and a fifty-two week high of $66.47. The company has a quick ratio of 1.29, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The company’s 50 day simple moving average is $57.66 and its 200-day simple moving average is $54.84.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
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