Brokerages expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will post sales of $2.03 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Insight Enterprises’ earnings. The highest sales estimate is $2.18 billion and the lowest is $1.93 billion. Insight Enterprises reported sales of $1.91 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The company is expected to announce its next earnings results on Wednesday, November 4th.
On average, analysts expect that Insight Enterprises will report full-year sales of $8.23 billion for the current financial year, with estimates ranging from $8.03 billion to $8.55 billion. For the next year, analysts forecast that the business will report sales of $8.51 billion, with estimates ranging from $8.25 billion to $8.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 6th. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.01 by $0.74. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Insight Enterprises had a return on equity of 17.66% and a net margin of 1.81%. Insight Enterprises’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 earnings per share.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Insight Enterprises from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 20th. ValuEngine lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Friday, August 14th. B. Riley reiterated a “buy” rating and set a $63.50 price objective on shares of Insight Enterprises in a research note on Thursday, June 4th. Zacks Investment Research lowered Insight Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Sidoti started coverage on Insight Enterprises in a research note on Monday, July 6th. They set a “buy” rating for the company. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.63.
In other Insight Enterprises news, insider Samuel C. Cowley sold 6,415 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $55.44, for a total value of $355,647.60. Also, CFO Glynis Bryan sold 2,500 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $59.73, for a total value of $149,325.00. Following the completion of the sale, the chief financial officer now directly owns 60,301 shares in the company, valued at $3,601,778.73. The disclosure for this sale can be found here. Insiders have sold 19,639 shares of company stock worth $1,125,437 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in NSIT. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Insight Enterprises by 358.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,207,020 shares of the software maker’s stock valued at $50,851,000 after purchasing an additional 943,720 shares during the last quarter. FMR LLC lifted its position in Insight Enterprises by 21.4% during the second quarter. FMR LLC now owns 5,214,046 shares of the software maker’s stock worth $256,531,000 after purchasing an additional 920,098 shares during the period. Fiduciary Management Inc. WI bought a new stake in Insight Enterprises during the first quarter worth about $25,927,000. Loomis Sayles & Co. L P bought a new stake in Insight Enterprises during the first quarter worth about $10,780,000. Finally, Invesco Ltd. lifted its position in Insight Enterprises by 20.7% during the first quarter. Invesco Ltd. now owns 824,793 shares of the software maker’s stock worth $34,749,000 after purchasing an additional 141,638 shares during the period.
NSIT traded down $0.06 during midday trading on Thursday, reaching $58.33. The company had a trading volume of 186,720 shares, compared to its average volume of 258,546. The company has a quick ratio of 1.26, a current ratio of 1.34 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $54.01 and a two-hundred day moving average of $50.01. Insight Enterprises has a 1 year low of $28.25 and a 1 year high of $73.22. The company has a market cap of $2.05 billion, a P/E ratio of 13.79 and a beta of 1.55.
Insight Enterprises Company Profile
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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