Brokerages expect Insight Enterprises, Inc. (NASDAQ: NSIT) to post earnings per share (EPS) of $ 1.98 for the current quarter, according to Zacks investment research. Three analysts made estimates for Insight Enterprises’ earnings. The lowest EPS estimate is $ 1.97 and the highest is $ 1.99. Insight Enterprises reported earnings per share of $ 1.76 for the same quarter last year, indicating a positive year-over-year growth rate of 12.5%. The company is expected to release its next earnings report on Thursday, February 10.
On average, analysts expect Insight Enterprises to report annual earnings of $ 7.05 per share for the current year, with EPS estimates ranging from $ 7.05 to $ 7.06. For the next fiscal year, analysts expect the company to report earnings of $ 7.63 per share, with EPS estimates ranging from $ 7.45 to $ 7.72. Zacks Investment Research’s EPS averages are an average based on a survey of analysts who cover Insight Enterprises.
Insight Enterprises (NASDAQ: NSIT) last released its results on Thursday, November 4. The software maker reported earnings per share (EPS) of $ 1.87 for the quarter, beating Zacks’ consensus estimate of $ 1.68 by $ 0.19. The company posted revenue of $ 2.45 billion for the quarter, compared to $ 2.16 billion expected by analysts. Insight Enterprises had a net margin of 2.30% and a return on equity of 17.39%. Insight Enterprises quarterly revenue increased 26.4% from the same quarter last year. During the same period of the previous year, the company earned $ 1.38 per share.
Several research analysts weighed in on the title. Barrington Research increased its price target for Insight Enterprises stock from $ 116.00 to $ 122.00 and gave the company an “outperformance” rating in a report released Thursday, November 11. Zacks investment research downgraded Insight Enterprises shares from a “hold” rating to a “buy” rating and set a target price of $ 115.00 on the stock in a research report on Friday.
Insight Enterprises stock traded up $ 0.78 during trading hours on Monday, reaching $ 104.00. The company had a trading volume of 264,266 shares, compared to its average volume of 221,160. The company has a market capitalization of $ 3.63 billion, a PE ratio of 18.02, a PEG ratio of 1, 20 and a beta of 1.77. The company has a debt to equity ratio of 0.36, a current ratio of 1.55, and a quick ratio of 1.42. Insight Enterprises has a one-year low of $ 74.10 and a one-year high of $ 107.86. The company has a 50-day moving average of $ 100.78 and a 200-day moving average of $ 98.37.
In related news, CEO Kenneth T. Lamneck sold 3,000 shares in a transaction that took place on Monday, November 8. The shares were sold at an average price of $ 105.25, for a total trade of $ 315,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kenneth T. Lamneck sold 1,000 shares in a transaction that took place on Monday, November 1. The stock was sold at an average price of $ 97.00, for a total trade of $ 97,000.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 52,500 shares of the company valued at $ 5,387,355. Company insiders own 2.10% of the company’s shares.
A number of institutional investors have recently changed their holdings in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Insight Enterprises by 1.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,907 shares of the software maker valued at $ 891,000 after acquiring 107 more shares in the last quarter. Leuthold Group LLC increased its stake in shares of Insight Enterprises by 0.3% during the third quarter. Leuthold Group LLC now owns 48,647 shares of the software maker valued at $ 4,382,000 after acquiring 137 additional shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Insight Enterprises by 2.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 5,241 shares of the software maker valued at $ 472,000 after acquiring 141 more shares in the last quarter. CIBC Asset Management Inc. increased its stake in shares of Insight Enterprises by 3.8% during the third quarter. CIBC Asset Management Inc. now owns 4,151 shares of the software maker valued at $ 374,000 after acquiring 153 additional shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Insight Enterprises by 1.6% during the second quarter. Stifel Financial Corp now owns 9,993 shares of the software maker valued at $ 999,000 after acquiring 159 additional shares in the last quarter.
About Insight Entreprises
Insight Enterprises, Inc is a global provider of information technology, cloud services and solutions to businesses, governments, schools, and healthcare organizations around the world. He helps companies define, design, implement and manage intelligent technology solutions in North America; Europe, Middle East and Africa; and Asia-Pacific.
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