Insight Enterprises, Inc. (NASDAQ:NSIT) Expected to Announce Quarterly Sales of $2.15 Billion


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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%.

NSIT has been the topic of several analyst reports. Zacks Investment Research lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, February 16th. Barrington Research lifted their price target on shares of Insight Enterprises from $72.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Finally, B. Riley lifted their price target on shares of Insight Enterprises from $82.00 to $102.50 and gave the stock a “buy” rating in a report on Monday, February 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $88.38.

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.

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