Brokerages forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce earnings per share (EPS) of $0.95 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Insight Enterprises’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.00. Insight Enterprises posted earnings of $0.97 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.06 to $3.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $3.20 to $3.46. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Insight Enterprises had a return on equity of 13.13% and a net margin of 1.54%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS.
Several research firms recently weighed in on NSIT. B. Riley reissued a “neutral” rating and set a $48.00 price objective on shares of Insight Enterprises in a research report on Sunday, May 7th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research report on Saturday, May 6th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, May 4th. Finally, Stifel Nicolaus boosted their price objective on Insight Enterprises from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th.
In other Insight Enterprises news, VP Dana A. Leighty sold 4,649 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $42.45, for a total value of $197,350.05. Following the completion of the transaction, the vice president now owns 5,404 shares of the company’s stock, valued at approximately $229,399.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven W. Dodenhoff sold 7,274 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $43.52, for a total value of $316,564.48. Following the completion of the transaction, the insider now directly owns 35,983 shares of the company’s stock, valued at approximately $1,565,980.16. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Insight Enterprises by 32,650.5% in the first quarter. BlackRock Inc. now owns 4,523,829 shares of the software maker’s stock valued at $185,884,000 after buying an additional 4,510,016 shares during the period. Aberdeen Asset Management PLC UK purchased a new position in Insight Enterprises during the fourth quarter valued at approximately $30,955,000. Norges Bank purchased a new position in Insight Enterprises during the fourth quarter valued at approximately $18,477,000. BlackRock Institutional Trust Company N.A. boosted its position in Insight Enterprises by 32.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,234,545 shares of the software maker’s stock valued at $40,184,000 after buying an additional 301,247 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Insight Enterprises during the fourth quarter valued at approximately $8,752,000. 96.64% of the stock is owned by hedge funds and other institutional investors.
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Shares of Insight Enterprises (NASDAQ:NSIT) traded up 1.20% on Tuesday, hitting $42.07. The stock had a trading volume of 309,074 shares. The stock has a market cap of $1.50 billion, a P/E ratio of 16.60 and a beta of 1.91. The firm’s 50-day moving average is $42.54 and its 200 day moving average is $39.64. Insight Enterprises has a 1-year low of $24.23 and a 1-year high of $53.19.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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