Equities analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce $1.07 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Insight Enterprises’ earnings. The highest EPS estimate is $1.18 and the lowest is $1.00. Insight Enterprises posted earnings per share of $0.91 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The company is expected to announce its next quarterly earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $4.98 per share for the current financial year, with EPS estimates ranging from $4.97 to $5.00. For the next fiscal year, analysts forecast that the firm will report earnings of $5.81 per share, with EPS estimates ranging from $5.76 to $5.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Tuesday, August 6th. The software maker reported $1.49 EPS for the quarter, topping the consensus estimate of $1.39 by $0.10. Insight Enterprises had a return on equity of 17.22% and a net margin of 2.40%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was down .3% on a year-over-year basis.
Several equities research analysts recently commented on NSIT shares. Stifel Nicolaus raised their target price on Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, August 9th. ValuEngine cut Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. started coverage on Insight Enterprises in a research note on Thursday, September 12th. They set an “overweight” rating and a $68.00 target price for the company. Finally, BidaskClub raised Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Insight Enterprises currently has an average rating of “Buy” and an average target price of $61.25.
A number of institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its stake in Insight Enterprises by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,941 shares of the software maker’s stock valued at $811,000 after acquiring an additional 200 shares during the period. Zebra Capital Management LLC lifted its holdings in shares of Insight Enterprises by 1.0% in the second quarter. Zebra Capital Management LLC now owns 20,670 shares of the software maker’s stock valued at $1,203,000 after purchasing an additional 213 shares in the last quarter. Alpha Windward LLC lifted its holdings in shares of Insight Enterprises by 3.5% in the third quarter. Alpha Windward LLC now owns 8,760 shares of the software maker’s stock valued at $488,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Insight Enterprises by 0.5% in the second quarter. Bessemer Group Inc. now owns 74,000 shares of the software maker’s stock valued at $4,307,000 after purchasing an additional 400 shares in the last quarter. Finally, Cascade Investment Advisors Inc. bought a new position in shares of Insight Enterprises in the second quarter valued at approximately $29,000. 99.04% of the stock is owned by hedge funds and other institutional investors.
NASDAQ NSIT traded up $0.43 during trading hours on Thursday, hitting $58.41. 200,627 shares of the company’s stock were exchanged, compared to its average volume of 284,583. The stock has a 50-day simple moving average of $53.16 and a 200 day simple moving average of $54.48. Insight Enterprises has a 1-year low of $37.77 and a 1-year high of $60.10. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 12.03 and a beta of 1.19. The company has a current ratio of 1.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04.
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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