Zacks: Analysts Expect Insight Enterprises, Inc. (NSIT) to Announce $1.00 EPS

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Wall Street analysts forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce $1.00 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Insight Enterprises’ earnings, with estimates ranging from $0.99 to $1.02. Insight Enterprises reported earnings per share of $0.73 during the same quarter last year, which indicates a positive year-over-year growth rate of 37%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $4.54 per share for the current financial year, with EPS estimates ranging from $4.52 to $4.56. For the next fiscal year, analysts anticipate that the business will post earnings of $4.84 per share, with EPS estimates ranging from $4.80 to $4.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, August 1st. The software maker reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. Insight Enterprises had a return on equity of 16.42% and a net margin of 1.69%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis.

NSIT has been the subject of several recent research reports. BidaskClub lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, July 25th. Finally, B. Riley raised their price objective on Insight Enterprises from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd.

In other Insight Enterprises news, Director Anthony Ibarguen sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $53.55, for a total transaction of $267,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samuel C. Cowley sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $53.06, for a total value of $318,360.00. The disclosure for this sale can be found here. Insiders have sold 15,827 shares of company stock valued at $859,173 in the last three months. Insiders own 1.77% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 1.3% during the second quarter. BlackRock Inc. now owns 4,951,035 shares of the software maker’s stock valued at $242,253,000 after acquiring an additional 61,682 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Insight Enterprises by 2.3% during the second quarter. Northern Trust Corp now owns 1,581,099 shares of the software maker’s stock valued at $77,362,000 after acquiring an additional 35,657 shares in the last quarter. Boston Partners increased its holdings in shares of Insight Enterprises by 3.3% during the second quarter. Boston Partners now owns 966,531 shares of the software maker’s stock valued at $47,292,000 after acquiring an additional 30,598 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Insight Enterprises by 6.7% during the second quarter. Frontier Capital Management Co. LLC now owns 904,648 shares of the software maker’s stock valued at $44,264,000 after acquiring an additional 56,751 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Insight Enterprises during the second quarter valued at $32,989,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Insight Enterprises stock traded down $2.59 on Friday, hitting $47.82. 13,803 shares of the stock traded hands, compared to its average volume of 209,078. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.81 billion, a P/E ratio of 14.76 and a beta of 1.28. Insight Enterprises has a 1 year low of $32.10 and a 1 year high of $56.86.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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