$1.71 Billion in Sales Expected for Insight Enterprises, Inc. (NSIT) This Quarter

Wall Street brokerages forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will report $1.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Insight Enterprises’ earnings. The highest sales estimate is $1.74 billion and the lowest is $1.69 billion. Insight Enterprises reported sales of $1.47 billion in the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The firm is scheduled to issue its next earnings report on Wednesday, February 14th.

On average, analysts expect that Insight Enterprises will report full year sales of $1.71 billion for the current fiscal year, with estimates ranging from $6.61 billion to $6.66 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.82 billion per share, with estimates ranging from $6.75 billion to $6.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS.

Several brokerages have recently issued reports on NSIT. Zacks Investment Research cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. B. Riley reaffirmed a “buy” rating and set a $56.00 price objective (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Finally, BidaskClub cut 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 assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.00.

A number of large investors have recently added to or reduced their stakes in NSIT. Victory Capital Management Inc. raised its holdings in Insight Enterprises by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after buying an additional 385 shares during the period. Macquarie Group Ltd. purchased a new stake in Insight Enterprises during the 3rd quarter valued at $156,000. CIBC Asset Management Inc purchased a new stake in Insight Enterprises during the 3rd quarter valued at $205,000. Eqis Capital Management Inc. purchased a new stake in Insight Enterprises during the 3rd quarter valued at $211,000. Finally, Amalgamated Bank purchased a new stake in Insight Enterprises during the 3rd quarter valued at $223,000. Institutional investors own 97.19% of the company’s stock.

Shares of Insight Enterprises (NASDAQ NSIT) opened at $38.61 on Friday. The stock has a market capitalization of $1,380.00, a P/E ratio of 14.30 and a beta of 1.56. Insight Enterprises has a twelve month low of $35.26 and a twelve month high of $53.19. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.

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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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