Insight Enterprises (NSIT) to Release Earnings on Thursday

Insight Enterprises (NASDAQ:NSIT) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Insight Enterprises to post earnings of $1.82 per share for the quarter. Insight Enterprises has set its FY24 guidance at $10.50-10.80 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the company posted $2.53 EPS. Insight Enterprises’s quarterly revenue was down 10.7% on a year-over-year basis. On average, analysts expect Insight Enterprises to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Insight Enterprises Price Performance

Shares of NSIT opened at $184.36 on Thursday. Insight Enterprises has a fifty-two week low of $117.99 and a fifty-two week high of $194.57. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The firm has a 50-day simple moving average of $184.72 and a 200-day simple moving average of $172.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28.

Insider Buying and Selling

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the sale, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $1,073,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. Insiders sold 20,918 shares of company stock worth $3,888,203 in the last ninety days. Insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NSIT shares. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Barrington Research reissued an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a report on Tuesday. Stifel Nicolaus increased their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Finally, StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.