Insight Enterprises, Inc. (NASDAQ:NSIT) Expected to Announce Earnings of $1.02 Per Share

Equities analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce earnings per share (EPS) of $1.02 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Insight Enterprises’ earnings, with estimates ranging from $0.91 to $1.11. Insight Enterprises reported earnings of $0.91 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Insight Enterprises will report full year earnings of $4.86 per share for the current financial year, with EPS estimates ranging from $4.80 to $4.90. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.16 per share, with EPS estimates ranging from $5.02 to $5.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS.

Several research firms have issued reports on NSIT. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, August 9th. Stifel Nicolaus lifted their target price on shares of Insight Enterprises from $54.00 to $60.00 and gave the company a “hold” rating in a research report on Monday, June 24th. B. Riley restated a “buy” rating on shares of Insight Enterprises in a research report on Monday, April 29th. ValuEngine downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, BidaskClub downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Insight Enterprises presently has a consensus rating of “Hold” and a consensus target price of $59.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of NSIT. Hennessy Advisors Inc. bought a new position in shares of Insight Enterprises in the second quarter valued at about $2,997,000. Janus Henderson Group PLC acquired a new stake in Insight Enterprises during the 1st quarter worth approximately $474,000. Bessemer Group Inc. boosted its position in Insight Enterprises by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 74,000 shares of the software maker’s stock worth $4,307,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue raised its holdings in Insight Enterprises by 31.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,760 shares of the software maker’s stock worth $1,324,000 after purchasing an additional 5,394 shares during the last quarter. Finally, Norges Bank bought a new position in Insight Enterprises during the 4th quarter worth approximately $18,557,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

NSIT traded up $1.23 during trading on Friday, hitting $48.45. The stock had a trading volume of 327,849 shares, compared to its average volume of 205,306. The firm has a market cap of $1.83 billion, a PE ratio of 10.46 and a beta of 1.15. Insight Enterprises has a 12 month low of $37.77 and a 12 month high of $60.10. The company has a current ratio of 1.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $55.51 and a 200-day simple moving average of $55.04.

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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