Equities analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) will announce $1.60 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Insight Enterprises’ earnings, with estimates ranging from $1.47 to $1.70. Insight Enterprises posted earnings of $1.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Insight Enterprises will report full-year earnings of $7.77 per share for the current year, with EPS estimates ranging from $7.75 to $7.80. For the next year, analysts expect that the company will report earnings of $8.52 per share, with EPS estimates ranging from $8.35 to $8.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The software maker reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.05. Insight Enterprises had a net margin of 2.32% and a return on equity of 17.52%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business posted $1.76 EPS. Insight Enterprises’s revenue for the quarter was up 12.0% compared to the same quarter last year.
Shares of Insight Enterprises stock opened at $99.37 on Friday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.07 and a beta of 1.70. Insight Enterprises has a 12-month low of $88.28 and a 12-month high of $111.02. The firm’s 50 day simple moving average is $103.67 and its two-hundred day simple moving average is $101.32. The company has a current ratio of 1.42, a quick ratio of 1.29 and a debt-to-equity ratio of 0.24.
In related news, Director Holdings L.P. Valueact acquired 49,102 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were acquired at an average cost of $103.66 per share, with a total value of $5,089,913.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Glynis Bryan sold 5,000 shares of the stock in a transaction on Monday, February 28th. The shares were sold at an average price of $103.75, for a total transaction of $518,750.00. The disclosure for this sale can be found here. Insiders have purchased 180,052 shares of company stock worth $18,089,339 over the last three months. 1.61% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its holdings in Insight Enterprises by 31.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,220 shares of the software maker’s stock valued at $556,000 after purchasing an additional 1,240 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Insight Enterprises by 6.1% during the third quarter. UBS Asset Management Americas Inc. now owns 51,122 shares of the software maker’s stock valued at $4,605,000 after purchasing an additional 2,921 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Insight Enterprises by 99.6% during the third quarter. GHP Investment Advisors Inc. now owns 14,061 shares of the software maker’s stock valued at $1,267,000 after purchasing an additional 7,015 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Insight Enterprises during the fourth quarter valued at $12,362,000. Finally, Barclays PLC lifted its holdings in Insight Enterprises by 36.8% during the third quarter. Barclays PLC now owns 29,597 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 7,969 shares in the last quarter.
About Insight Enterprises (Get Rating)
IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.
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