Insight Enterprises (NSIT) to Release Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Insight Enterprises to post earnings of $1.82 per share for the quarter. Insight Enterprises has set its FY24 guidance at $10.50-10.80 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.06). The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 earnings per share. On average, analysts expect Insight Enterprises to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $184.36 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.33 and a beta of 1.51. The company’s fifty day moving average is $184.72 and its two-hundred day moving average is $172.77. Insight Enterprises has a 52-week low of $117.99 and a 52-week high of $194.57.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NSIT shares. Barrington Research reaffirmed an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus lifted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th.

Insider Transactions at Insight Enterprises

In related news, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at $1,073,696. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Insight Enterprises news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now owns 5,800 shares of the company’s stock, valued at $1,073,696. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at approximately $810,324.12. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 in the last quarter. 1.23% of the stock is owned by company insiders.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.