Insight Enterprises, Inc. to Post Q1 2020 Earnings of $1.24 Per Share, B. Riley Forecasts (NASDAQ:NSIT)

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Insight Enterprises, Inc. (NASDAQ:NSIT) – Research analysts at B. Riley lifted their Q1 2020 earnings estimates for Insight Enterprises in a research report issued on Thursday, February 13th. B. Riley analyst M. Wiesenberger now forecasts that the software maker will post earnings of $1.24 per share for the quarter, up from their prior forecast of $1.21. B. Riley currently has a “Buy” rating and a $77.00 target price on the stock. B. Riley also issued estimates for Insight Enterprises’ Q2 2020 earnings at $1.84 EPS, Q3 2020 earnings at $1.57 EPS, FY2020 earnings at $6.59 EPS and FY2021 earnings at $7.02 EPS.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.04). Insight Enterprises had a net margin of 2.28% and a return on equity of 17.21%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. Insight Enterprises’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Several other equities analysts have also issued reports on NSIT. Zacks Investment Research lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. Finally, ValuEngine lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Insight Enterprises has an average rating of “Hold” and a consensus target price of $65.75.

Shares of NSIT opened at $59.15 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.47 and a current ratio of 1.60. The stock has a 50 day simple moving average of $68.80 and a 200 day simple moving average of $60.54. Insight Enterprises has a 52-week low of $46.28 and a 52-week high of $73.22. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.03 and a beta of 1.22.

In related news, Director Bruce Armstrong sold 3,523 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $66.13, for a total value of $232,975.99. 1.75% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in NSIT. Carroll Financial Associates Inc. acquired a new position in Insight Enterprises during the 4th quarter worth approximately $42,000. Parkside Financial Bank & Trust boosted its position in Insight Enterprises by 14.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the software maker’s stock worth $87,000 after acquiring an additional 156 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Insight Enterprises during the 4th quarter worth approximately $130,000. PNC Financial Services Group Inc. boosted its position in Insight Enterprises by 31.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the software maker’s stock worth $137,000 after acquiring an additional 464 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Insight Enterprises during the 3rd quarter worth approximately $163,000. 99.05% of the stock is owned by hedge funds and other institutional investors.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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