Insperity, Inc. (NSP) Updates FY17 Earnings Guidance
Insperity, Inc. (NYSE:NSP) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.71-$4.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.55. Insperity also updated its Q4 guidance to $0.91-$0.95 EPS.
A number of research firms have recently weighed in on NSP. BidaskClub downgraded shares of Insperity from a hold rating to a sell rating in a research report on Friday, August 18th. Zacks Investment Research downgraded shares of Insperity from a strong-buy rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Roth Capital raised shares of Insperity from a neutral rating to a buy rating and raised their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Insperity currently has an average rating of Hold and a consensus target price of $94.00.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $786.44 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year.
In other news, EVP Arthur A. Arizpe sold 5,291 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $89.07, for a total transaction of $471,269.37. Following the completion of the transaction, the executive vice president now directly owns 18,653 shares in the company, valued at $1,661,422.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Arthur A. Arizpe sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $85.00, for a total value of $212,500.00. Following the transaction, the executive vice president now owns 23,653 shares of the company’s stock, valued at $2,010,505. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,083 shares of company stock valued at $5,029,682. Corporate insiders own 27.47% of the company’s stock.
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Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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