Analysts Expect Insight Enterprises, Inc. (NASDAQ:NSIT) Will Post Quarterly Sales of $1.82 Billion

Wall Street brokerages predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce sales of $1.82 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Insight Enterprises’ earnings. The lowest sales estimate is $1.80 billion and the highest is $1.86 billion. Insight Enterprises posted sales of $1.75 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The company is expected to report its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Insight Enterprises will report full year sales of $7.23 billion for the current financial year, with estimates ranging from $7.18 billion to $7.27 billion. For the next financial year, analysts forecast that the company will report sales of $7.44 billion, with estimates ranging from $7.42 billion to $7.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.10. Insight Enterprises had a return on equity of 17.22% and a net margin of 2.40%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year.



NSIT has been the subject of several analyst reports. ValuEngine downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. BidaskClub downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, August 9th. B. Riley restated a “buy” rating on shares of Insight Enterprises in a research note on Monday, April 29th. Finally, Stifel Nicolaus raised their target price on Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.00.

NASDAQ NSIT traded down $1.35 during trading hours on Friday, hitting $49.81. The company had a trading volume of 3,672 shares, compared to its average volume of 202,642. Insight Enterprises has a 52 week low of $37.77 and a 52 week high of $60.10. The company’s 50 day moving average is $55.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.29. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.80 and a beta of 1.15.

A number of institutional investors have recently bought and sold shares of the stock. Ellington Management Group LLC bought a new position in Insight Enterprises during the second quarter valued at approximately $407,000. AMP Capital Investors Ltd increased its holdings in shares of Insight Enterprises by 51.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 13,608 shares of the software maker’s stock valued at $793,000 after acquiring an additional 4,600 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Insight Enterprises by 1,102.1% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 114,084 shares of the software maker’s stock valued at $6,640,000 after acquiring an additional 104,594 shares during the period. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 2.0% in the 2nd quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock valued at $313,837,000 after acquiring an additional 106,813 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of Insight Enterprises by 163.5% in the 2nd quarter. APG Asset Management N.V. now owns 367,000 shares of the software maker’s stock valued at $18,756,000 after acquiring an additional 227,700 shares during the period. Institutional investors own 98.08% of the company’s stock.

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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