Analysts Expect Insight Enterprises, Inc. (NSIT) Will Post Quarterly Sales of $1.71 Billion
Equities research analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce sales of $1.71 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Insight Enterprises’ earnings. The lowest sales estimate is $1.69 billion and the highest is $1.74 billion. Insight Enterprises reported sales of $1.47 billion in the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The firm is expected to report its next earnings results on Wednesday, February 14th.
On average, analysts expect that Insight Enterprises will report full year sales of $1.71 billion for the current fiscal year, with estimates ranging from $6.61 billion to $6.66 billion. For the next year, analysts anticipate that the company will report sales of $6.82 billion per share, with estimates ranging from $6.75 billion to $6.91 billion. Zacks Investment Research’s sales calculations 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 issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Insight Enterprises had a net margin of 1.27% and a return on equity of 11.15%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business earned $0.62 EPS. The company’s revenue was up 26.2% compared to the same quarter last year.
NSIT has been the topic of several recent research reports. BidaskClub lowered shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley reiterated a “buy” rating and issued a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Insight Enterprises (NASDAQ NSIT) opened at $36.74 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. Insight Enterprises has a 52 week low of $35.26 and a 52 week high of $53.19. The stock has a market cap of $1,315.00, a price-to-earnings ratio of 11.66 and a beta of 1.56.
Several institutional investors have recently added to or reduced their stakes in NSIT. Renaissance Technologies LLC acquired a new position in shares of Insight Enterprises during the 1st quarter worth about $1,930,000. Aperio Group LLC increased its stake in shares of Insight Enterprises by 10.2% during the 2nd quarter. Aperio Group LLC now owns 13,038 shares of the software maker’s stock worth $521,000 after purchasing an additional 1,212 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Insight Enterprises by 4.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 52,265 shares of the software maker’s stock worth $2,088,000 after purchasing an additional 2,000 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Insight Enterprises by 23.6% during the 2nd quarter. Bessemer Group Inc. now owns 21,500 shares of the software maker’s stock worth $860,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Insight Enterprises by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 26,101 shares of the software maker’s stock worth $1,044,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.
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Insight Enterprises Company Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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