Insight Enterprises, Inc. (NSIT) Releases FY17 Earnings Guidance
Insight Enterprises, Inc. (NASDAQ:NSIT) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.15-3.25 for the period, compared to the Thomson Reuters consensus estimate of $3.23. The company issued revenue guidance of $6.58-6.69 billion, compared to the consensus revenue estimate of $6.46 billion.
Several research firms recently commented on NSIT. B. Riley upgraded shares of Insight Enterprises from a neutral rating to a buy rating and boosted their price objective for the stock from $48.00 to $54.50 in a research report on Thursday, August 3rd. BidaskClub lowered shares of Insight Enterprises from a hold rating to a sell rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a hold rating and issued a $45.00 target price (up from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Insight Enterprises from a strong-buy rating to a hold rating in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $50.50.
Insight Enterprises, Inc. (NASDAQ:NSIT) traded down $0.31 during midday trading on Tuesday, hitting $43.93. 192,500 shares of the stock were exchanged, compared to its average volume of 141,751. Insight Enterprises, Inc. has a one year low of $28.20 and a one year high of $53.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.24 and a current ratio of 1.39. The firm has a market cap of $1,560.00, a P/E ratio of 14.68 and a beta of 1.63.
In related news, CFO Glynis Bryan sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $41.90, for a total transaction of $209,500.00. Following the completion of the sale, the chief financial officer now owns 30,797 shares of the company’s stock, valued at approximately $1,290,394.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.38% of the stock is currently owned by corporate insiders.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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