Insperity Inc (NSP) Expected to Announce Quarterly Sales of $1.16 Billion
Equities research analysts expect Insperity Inc (NYSE:NSP) to announce sales of $1.16 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Insperity’s earnings, with the highest sales estimate coming in at $1.19 billion and the lowest estimate coming in at $1.13 billion. Insperity posted sales of $1.01 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The company is expected to announce its next earnings report on Monday, April 29th.
According to Zacks, analysts expect that Insperity will report full year sales of $4.37 billion for the current financial year, with estimates ranging from $4.28 billion to $4.43 billion. For the next year, analysts expect that the company will post sales of $4.88 billion, with estimates ranging from $4.77 billion to $4.99 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Insperity.
Insperity (NYSE:NSP) last released its earnings results on Monday, February 11th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $966.80 million during the quarter, compared to the consensus estimate of $959.22 million. Insperity had a net margin of 3.52% and a return on equity of 126.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS.
In related news, EVP Jay E. Mincks sold 7,998 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $127.49, for a total value of $1,019,665.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James D. Allison sold 2,000 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 26,087 shares in the company, valued at $3,260,875. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,544 shares of company stock valued at $12,874,224. Insiders own 9.58% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of NSP. BlackRock Inc. lifted its holdings in shares of Insperity by 9.3% in the 3rd quarter. BlackRock Inc. now owns 6,713,435 shares of the business services provider’s stock worth $791,849,000 after purchasing an additional 573,982 shares in the last quarter. FMR LLC lifted its holdings in shares of Insperity by 118.6% in the 2nd quarter. FMR LLC now owns 991,464 shares of the business services provider’s stock worth $94,437,000 after purchasing an additional 537,846 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock worth $479,025,000 after purchasing an additional 220,365 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,061,258 shares of the business services provider’s stock worth $479,025,000 after purchasing an additional 220,365 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Insperity by 186.0% during the 3rd quarter. Morgan Stanley now owns 335,346 shares of the business services provider’s stock valued at $39,554,000 after acquiring an additional 218,091 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.
NYSE:NSP traded up $4.63 on Wednesday, reaching $129.73. 677,939 shares of the stock traded hands, compared to its average volume of 360,953. The company has a market capitalization of $5.31 billion, a PE ratio of 38.50, a P/E/G ratio of 1.68 and a beta of 0.94. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.21 and a current ratio of 1.12. Insperity has a 1-year low of $62.55 and a 1-year high of $132.50.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
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