Insperity Inc (NSP) Expected to Post Earnings of $1.12 Per Share

Wall Street brokerages forecast that Insperity Inc (NYSE:NSP) will report $1.12 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Insperity’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.07. Insperity reported earnings of $0.92 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21.7%. The business is expected to announce its next quarterly earnings report on Monday, May 7th.

On average, analysts expect that Insperity will report full-year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.66 to $3.07. For the next financial year, analysts expect that the company will report earnings of $3.49 per share, with EPS estimates ranging from $3.38 to $3.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Insperity.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.37). Insperity had a net margin of 2.55% and a return on equity of 102.86%. The business had revenue of $826.50 million for the quarter, compared to analysts’ expectations of $813.28 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis.

Several analysts have issued reports on NSP shares. Robert W. Baird restated a “buy” rating and set a $56.00 price target on shares of Insperity in a research report on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and set a $55.00 target price on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Roth Capital increased their target price on shares of Insperity from $58.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.25.

In other news, EVP Jay E. Mincks sold 6,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $61.84, for a total transaction of $371,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Paul J. Sarvadi sold 45,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $61.58, for a total transaction of $2,771,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,319 shares of company stock valued at $8,221,212. 27.47% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of NSP. Nationwide Fund Advisors boosted its holdings in shares of Insperity by 12.9% during the second quarter. Nationwide Fund Advisors now owns 10,374 shares of the business services provider’s stock worth $737,000 after purchasing an additional 1,189 shares during the period. New York State Common Retirement Fund raised its stake in Insperity by 17.5% in the second quarter. New York State Common Retirement Fund now owns 31,942 shares of the business services provider’s stock worth $2,268,000 after buying an additional 4,761 shares in the last quarter. Northern Trust Corp raised its stake in Insperity by 7.3% in the second quarter. Northern Trust Corp now owns 240,679 shares of the business services provider’s stock worth $17,087,000 after buying an additional 16,474 shares in the last quarter. State Street Corp raised its stake in Insperity by 9.2% in the second quarter. State Street Corp now owns 440,908 shares of the business services provider’s stock worth $31,305,000 after buying an additional 37,007 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Insperity by 16.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,191 shares of the business services provider’s stock worth $1,007,000 after buying an additional 2,056 shares in the last quarter. Institutional investors own 44.36% of the company’s stock.

Insperity (NYSE:NSP) traded down $2.75 during midday trading on Friday, reaching $63.05. 245,351 shares of the company’s stock traded hands, compared to its average volume of 234,794. The company has a current ratio of 1.07, a quick ratio of 1.16 and a debt-to-equity ratio of 1.57. Insperity has a twelve month low of $34.88 and a twelve month high of $65.85. The stock has a market capitalization of $2,615.57, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Insperity announced that its board has authorized a share buyback program on Thursday, November 16th that permits the company to buyback 500,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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Insperity Company Profile

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).

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