Analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will post $2.15 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Insight Enterprises’ earnings, with the lowest sales estimate coming in at $2.14 billion and the highest estimate coming in at $2.15 billion. Insight Enterprises reported sales of $2.14 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 6th.
According to Zacks, analysts expect that Insight Enterprises will report full-year sales of $8.82 billion for the current year, with estimates ranging from $8.72 billion to $8.94 billion. For the next year, analysts anticipate that the firm will report sales of $9.25 billion, with estimates ranging from $9.02 billion to $9.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 11th. The software maker reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.26. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.11 billion. Insight Enterprises had a return on equity of 17.84% and a net margin of 1.94%.
In other Insight Enterprises news, insider Samuel C. Cowley sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $83.33, for a total transaction of $624,975.00. Company insiders own 2.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Zebra Capital Management LLC increased its holdings in shares of Insight Enterprises by 1.7% during the third quarter. Zebra Capital Management LLC now owns 15,576 shares of the software maker’s stock valued at $881,000 after acquiring an additional 255 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Insight Enterprises by 6.9% in the 4th quarter. Glenmede Trust Co. NA now owns 4,194 shares of the software maker’s stock worth $319,000 after buying an additional 269 shares in the last quarter. California State Teachers Retirement System increased its holdings in Insight Enterprises by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 54,931 shares of the software maker’s stock worth $3,108,000 after buying an additional 287 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Insight Enterprises by 4.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the software maker’s stock worth $563,000 after buying an additional 300 shares in the last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings in Insight Enterprises by 4.1% in the 4th quarter. Meitav Dash Investments Ltd. now owns 7,665 shares of the software maker’s stock worth $583,000 after buying an additional 300 shares in the last quarter.
NSIT stock traded up $1.24 on Monday, reaching $95.50. The company’s stock had a trading volume of 987 shares, compared to its average volume of 232,495. The business has a fifty day simple moving average of $91.01 and a two-hundred day simple moving average of $74.03. Insight Enterprises has a 12-month low of $43.00 and a 12-month high of $100.09. The firm has a market cap of $3.35 billion, a PE ratio of 20.77, a PEG ratio of 1.23 and a beta of 1.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.31 and a current ratio of 1.39.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides solutions to gain insights to network enabled devices, and spots patterns and trends through mass analysis; custom applications to help clients create disruption; custom-developed mobile, cloud, and IoT applications; and custom-developed solutions to help clients review actionable insights within their data, including artificial intelligence for prediction, optimization, cognitive, and vision services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.