Insperity (NSP) Releases Quarterly Earnings Results, Misses Estimates By $0.37 EPS

Insperity (NYSE:NSP) issued its quarterly earnings data on Monday. The business services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37), Bloomberg Earnings reports. The company had revenue of $826.50 million during the quarter, compared to the consensus estimate of $813.28 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. Insperity’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Insperity updated its Q1 guidance to $1.12-1.16 EPS and its FY18 guidance to $2.96-3.08 EPS.

Insperity (NYSE NSP) opened at $57.30 on Monday. Insperity has a 1 year low of $34.88 and a 1 year high of $62.55. The company has a market cap of $2,388.59, a PE ratio of 30.64, a P/E/G ratio of 1.38 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16.

Several equities analysts have recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and issued a $56.00 price objective on shares of Insperity in a research report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and issued a $55.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.60.

Insperity declared that its board has approved a share repurchase program on Thursday, November 16th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In related news, EVP Arthur A. Arizpe sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $117.01, for a total transaction of $585,050.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Richard G. Rawson sold 8,419 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $114.84, for a total transaction of $966,837.96. Following the transaction, the president now directly owns 97,410 shares in the company, valued at $11,186,564.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,319 shares of company stock worth $5,079,072. 13.92% of the stock is owned by insiders.

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About Insperity

Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).

Earnings History for Insperity (NYSE:NSP)

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