Insight Enterprises, Inc. (NASDAQ:NSIT) Expected to Post Earnings of $1.23 Per Share

Equities analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce $1.23 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Insight Enterprises’ earnings. The highest EPS estimate is $1.24 and the lowest is $1.20. Insight Enterprises reported earnings of $1.10 per share in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The firm is scheduled to issue its next earnings results on Wednesday, May 6th.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $6.39 per share for the current fiscal year, with EPS estimates ranging from $6.03 to $6.60. For the next fiscal year, analysts expect that the company will post earnings of $7.00 per share, with EPS estimates ranging from $6.97 to $7.02. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.04). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Insight Enterprises had a return on equity of 17.21% and a net margin of 2.28%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 earnings per share.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, February 7th. ValuEngine cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Wednesday. B. Riley reissued a “buy” rating and set a $77.00 price target on shares of Insight Enterprises in a report on Monday. Finally, Zacks Investment Research cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Insight Enterprises presently has a consensus rating of “Hold” and a consensus price target of $65.75.

In related news, Director Bruce Armstrong sold 3,523 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $66.13, for a total transaction of $232,975.99. Corporate insiders own 1.75% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Insight Enterprises by 2.0% during the second quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock worth $313,837,000 after buying an additional 106,813 shares during the period. FMR LLC grew its position in Insight Enterprises by 105.1% during the fourth quarter. FMR LLC now owns 2,649,806 shares of the software maker’s stock worth $186,255,000 after buying an additional 1,357,545 shares during the period. Panagora Asset Management Inc. grew its position in Insight Enterprises by 10.1% during the fourth quarter. Panagora Asset Management Inc. now owns 414,554 shares of the software maker’s stock worth $29,139,000 after buying an additional 37,955 shares during the period. Principal Financial Group Inc. grew its position in Insight Enterprises by 2.1% during the fourth quarter. Principal Financial Group Inc. now owns 310,903 shares of the software maker’s stock worth $21,853,000 after buying an additional 6,368 shares during the period. Finally, Pzena Investment Management LLC grew its position in Insight Enterprises by 7.0% during the fourth quarter. Pzena Investment Management LLC now owns 292,026 shares of the software maker’s stock worth $20,527,000 after buying an additional 19,084 shares during the period. Institutional investors own 99.05% of the company’s stock.

NASDAQ NSIT traded down $0.91 during trading hours on Friday, hitting $59.15. 609,163 shares of the stock were exchanged, compared to its average volume of 329,508. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 13.03 and a beta of 1.22. Insight Enterprises has a 12-month low of $46.28 and a 12-month high of $73.22. The stock has a 50-day moving average of $68.80 and a 200 day moving average of $60.54. The company has a quick ratio of 1.47, a current ratio of 1.60 and a debt-to-equity ratio of 0.76.

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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