Wall Street analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce earnings of $1.43 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Insight Enterprises’ earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.60. Insight Enterprises reported earnings of $1.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is expected to issue its next earnings report on Thursday, May 6th.
According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $6.78 per share for the current fiscal year, with EPS estimates ranging from $6.70 to $6.97. For the next fiscal year, analysts anticipate that the business will report earnings of $7.28 per share, with EPS estimates ranging from $7.20 to $7.36. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 11th. The software maker reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.26. Insight Enterprises had a net margin of 1.94% and a return on equity of 17.84%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.11 billion.
In other news, insider Samuel C. Cowley sold 7,500 shares of Insight Enterprises stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $83.33, for a total value of $624,975.00. Company insiders own 2.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of NSIT. SummerHaven Investment Management LLC acquired a new stake in Insight Enterprises in the 4th quarter worth about $697,000. Norges Bank bought a new stake in shares of Insight Enterprises during the 4th quarter valued at approximately $39,907,000. Janus Henderson Group PLC grew its holdings in shares of Insight Enterprises by 115.8% during the 4th quarter. Janus Henderson Group PLC now owns 546,223 shares of the software maker’s stock valued at $41,562,000 after purchasing an additional 293,099 shares during the last quarter. AXA S.A. grew its holdings in shares of Insight Enterprises by 1,046.6% during the 3rd quarter. AXA S.A. now owns 118,100 shares of the software maker’s stock valued at $6,682,000 after purchasing an additional 107,800 shares during the last quarter. Finally, Matarin Capital Management LLC bought a new stake in Insight Enterprises during the 4th quarter worth approximately $4,749,000.
Shares of NSIT stock traded up $1.24 during trading hours on Friday, reaching $95.50. 987 shares of the company were exchanged, compared to its average volume of 232,495. Insight Enterprises has a fifty-two week low of $43.00 and a fifty-two week high of $100.09. The stock’s fifty day moving average is $91.01 and its two-hundred day moving average is $74.03. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.23 and a beta of 1.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.31.
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.
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