$1.43 EPS Expected for Insight Enterprises, Inc. (NASDAQ:NSIT) This Quarter

Brokerages expect Insight Enterprises, Inc. (NASDAQ:NSIT) to post $1.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Insight Enterprises’ earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.60. Insight Enterprises posted earnings per share of $1.30 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The business is expected to issue its next quarterly earnings results on Thursday, May 6th.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $6.78 per share for the current financial year, with EPS estimates ranging from $6.70 to $6.97. For the next fiscal year, analysts expect that the business will post earnings of $7.28 per share, with EPS estimates ranging from $7.20 to $7.36. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 11th. The software maker reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.26. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.11 billion. Insight Enterprises had a return on equity of 17.84% and a net margin of 1.94%.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, February 16th. B. Riley increased their price target on shares of Insight Enterprises from $82.00 to $102.50 and gave the stock a “buy” rating in a research report on Monday, February 8th. Finally, Barrington Research increased their price target on shares of Insight Enterprises from $72.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $88.38.

Shares of NSIT stock traded up $1.24 on Friday, reaching $95.50. 987 shares of the stock were exchanged, compared to its average volume of 232,495. The stock has a market cap of $3.35 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.81. The company has a quick ratio of 1.31, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $91.01 and a two-hundred day moving average of $74.03. Insight Enterprises has a 1-year low of $43.00 and a 1-year high of $100.09.

In related news, insider Samuel C. Cowley sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $83.33, for a total value of $624,975.00. Company insiders own 2.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in Insight Enterprises by 15.3% in the 1st quarter. First Trust Advisors LP now owns 32,106 shares of the software maker’s stock worth $1,768,000 after purchasing an additional 4,250 shares during the last quarter. AXA S.A. raised its stake in shares of Insight Enterprises by 1,046.6% in the third quarter. AXA S.A. now owns 118,100 shares of the software maker’s stock worth $6,682,000 after acquiring an additional 107,800 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Insight Enterprises by 11.6% in the third quarter. UBS Asset Management Americas Inc. now owns 45,109 shares of the software maker’s stock worth $2,552,000 after acquiring an additional 4,689 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Insight Enterprises by 6.0% during the third quarter. Public Sector Pension Investment Board now owns 83,653 shares of the software maker’s stock worth $4,733,000 after buying an additional 4,724 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in shares of Insight Enterprises by 49.4% during the third quarter. State of Tennessee Treasury Department now owns 24,677 shares of the software maker’s stock worth $1,396,000 after buying an additional 8,160 shares during the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides solutions to gain insights to network enabled devices, and spots patterns and trends through mass analysis; custom applications to help clients create disruption; custom-developed mobile, cloud, and IoT applications; and custom-developed solutions to help clients review actionable insights within their data, including artificial intelligence for prediction, optimization, cognitive, and vision services.

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