Wall Street analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce sales of $2.15 billion for the current quarter, according to Zacks. Four analysts have made estimates for Insight Enterprises’ earnings, with estimates ranging from $2.14 billion to $2.15 billion. Insight Enterprises reported sales of $2.14 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 6th.
According to Zacks, analysts expect that Insight Enterprises will report full year sales of $8.82 billion for the current fiscal year, with estimates ranging from $8.72 billion to $8.94 billion. For the next year, analysts forecast that the company will report sales of $9.25 billion, with estimates ranging from $9.02 billion to $9.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 11th. The software maker reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.26. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.11 billion. Insight Enterprises had a net margin of 1.94% and a return on equity of 17.84%.
NASDAQ NSIT traded up $1.24 on Monday, hitting $95.50. The stock had a trading volume of 987 shares, compared to its average volume of 232,495. The business’s fifty day moving average price is $91.01 and its 200 day moving average price is $74.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.31. Insight Enterprises has a 52-week low of $43.00 and a 52-week high of $100.09. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.81.
In other news, insider Samuel C. Cowley sold 7,500 shares of Insight Enterprises stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $83.33, for a total transaction of $624,975.00. Insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in Insight Enterprises by 11.9% in the third quarter. Sei Investments Co. now owns 55,192 shares of the software maker’s stock valued at $3,123,000 after buying an additional 5,875 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Insight Enterprises by 115.8% during the fourth quarter. Janus Henderson Group PLC now owns 546,223 shares of the software maker’s stock worth $41,562,000 after purchasing an additional 293,099 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth about $4,749,000. IndexIQ Advisors LLC increased its stake in shares of Insight Enterprises by 11.5% during the fourth quarter. IndexIQ Advisors LLC now owns 4,971 shares of the software maker’s stock worth $378,000 after purchasing an additional 513 shares in the last quarter. Finally, Ellevest Inc. purchased a new stake in shares of Insight Enterprises during the fourth quarter worth about $61,000.
About Insight Enterprises
Insight Enterprises, Inc provides information technology hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides solutions to gain insights to network enabled devices, and spots patterns and trends through mass analysis; custom applications to help clients create disruption; custom-developed mobile, cloud, and IoT applications; and custom-developed solutions to help clients review actionable insights within their data, including artificial intelligence for prediction, optimization, cognitive, and vision services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.