Brokerages Anticipate Insight Enterprises, Inc. (NASDAQ:NSIT) to Announce $1.65 EPS

Equities analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will report earnings of $1.65 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Insight Enterprises’ earnings, with estimates ranging from $1.60 to $1.77. Insight Enterprises reported earnings per share of $1.32 during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $5.46 per share for the current year, with EPS estimates ranging from $5.45 to $5.46. For the next fiscal year, analysts forecast that the company will report earnings of $6.29 per share, with EPS estimates ranging from $6.03 to $6.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business earned $0.91 earnings per share. Insight Enterprises’s revenue was up 9.4% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. B. Riley set a $79.00 price objective on shares of Insight Enterprises and gave the stock a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. assumed coverage on shares of Insight Enterprises in a research report on Thursday, September 12th. They set an “overweight” rating and a $68.00 price target for the company. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, August 9th. Finally, ValuEngine cut shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.25.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of Insight Enterprises by 34.3% during the second quarter. Wells Fargo & Company MN now owns 215,687 shares of the software maker’s stock valued at $12,554,000 after acquiring an additional 55,039 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Insight Enterprises by 3.6% during the second quarter. Acadian Asset Management LLC now owns 288,308 shares of the software maker’s stock valued at $16,780,000 after acquiring an additional 10,016 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Insight Enterprises during the second quarter valued at about $40,910,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Insight Enterprises during the third quarter valued at about $163,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Insight Enterprises during the second quarter valued at about $2,997,000. Institutional investors and hedge funds own 99.04% of the company’s stock.

Insight Enterprises stock traded down $0.71 during midday trading on Friday, hitting $62.57. 174,669 shares of the stock were exchanged, compared to its average volume of 233,882. Insight Enterprises has a fifty-two week low of $37.77 and a fifty-two week high of $66.47. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.51 and a beta of 1.21. The stock’s 50-day simple moving average is $58.26 and its 200 day simple moving average is $54.93. The company has a current ratio of 1.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04.

About Insight Enterprises

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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