Analysts Anticipate Insight Enterprises, Inc. (NSIT) Will Announce Earnings of $0.89 Per Share

Wall Street analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will post earnings per share of $0.89 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Insight Enterprises’ earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.78. Insight Enterprises posted earnings of $0.94 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The company is scheduled to issue its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $4.78 per share for the current financial year, with EPS estimates ranging from $4.75 to $4.82. For the next financial year, analysts anticipate that the company will post earnings of $4.97 per share, with EPS estimates ranging from $4.89 to $5.01. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 14th. The software maker reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.20. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Insight Enterprises had a return on equity of 17.90% and a net margin of 2.30%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS.

Several research firms have commented on NSIT. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, February 19th. BidaskClub downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, ValuEngine raised Insight Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

A number of institutional investors and hedge funds have recently bought and sold shares of NSIT. NumerixS Investment Technologies Inc purchased a new position in Insight Enterprises in the 4th quarter valued at approximately $40,000. Sun Life Financial INC acquired a new stake in shares of Insight Enterprises during the fourth quarter worth $65,000. Quantamental Technologies LLC acquired a new stake in shares of Insight Enterprises during the fourth quarter worth $137,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Insight Enterprises by 16.9% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,162 shares of the software maker’s stock worth $233,000 after purchasing an additional 745 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Insight Enterprises by 27.4% during the fourth quarter. Amalgamated Bank now owns 5,220 shares of the software maker’s stock worth $213,000 after purchasing an additional 1,122 shares during the last quarter. 99.68% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:NSIT traded down $0.15 on Monday, hitting $55.06. 299,332 shares of the company’s stock were exchanged, compared to its average volume of 222,469. The stock has a market cap of $1.96 billion, a P/E ratio of 11.89 and a beta of 1.17. Insight Enterprises has a 1-year low of $33.10 and a 1-year high of $58.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 1.52.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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