Insperity, Inc. (NSP) Expected to Announce Earnings of $0.93 Per Share

Wall Street brokerages forecast that Insperity, Inc. (NYSE:NSP) will report $0.93 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Insperity’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.92. Insperity posted earnings of $0.58 per share in the same quarter last year, which would suggest a positive year over year growth rate of 60.3%. The company is scheduled to report its next quarterly earnings results on Monday, February 12th.

On average, analysts expect that Insperity will report full year earnings of $4.72 per share for the current financial year, with EPS estimates ranging from $4.70 to $4.73. For the next financial year, analysts forecast that the firm will report earnings of $5.29 per share, with EPS estimates ranging from $5.21 to $5.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Insperity.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year.

A number of analysts have commented on NSP shares. SunTrust Banks reissued a “hold” rating and set a $55.00 price objective on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 target price on shares of Insperity in a report on Friday, November 10th. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub lowered Insperity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.60.

Insperity (NSP) traded up $1.80 during mid-day trading on Tuesday, reaching $116.50. The company had a trading volume of 235,600 shares, compared to its average volume of 141,095. Insperity has a fifty-two week low of $69.20 and a fifty-two week high of $118.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2,400.05, a P/E ratio of 30.79, a P/E/G ratio of 1.59 and a beta of 0.92.

Insperity’s stock is going to split before the market opens on Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly issued shares will be payable to shareholders after the closing bell on Friday, December 15th.

Insperity declared that its board has approved a stock repurchase plan on Thursday, November 16th that permits the company to repurchase 500,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 1st. Insperity’s payout ratio is 32.35%.

In related news, Director Jon Craig Goodwin bought 200,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were purchased at an average price of $0.18 per share, for a total transaction of $36,000.00. Also, SVP Daniel D. Herink sold 4,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total value of $409,560.00. Following the sale, the senior vice president now owns 15,014 shares in the company, valued at approximately $1,537,283.46. The disclosure for this sale can be found here. In the last quarter, insiders purchased 586,667 shares of company stock worth $105,600 and sold 357,209 shares worth $14,933,644. 27.47% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Algert Global LLC purchased a new stake in shares of Insperity in the third quarter worth $2,972,000. California Public Employees Retirement System increased its stake in Insperity by 2.5% in the third quarter. California Public Employees Retirement System now owns 53,930 shares of the business services provider’s stock valued at $4,746,000 after acquiring an additional 1,308 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Insperity by 45.8% in the third quarter. Janney Montgomery Scott LLC now owns 9,103 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 2,860 shares during the last quarter. Caxton Associates LP bought a new position in Insperity in the third quarter valued at $431,000. Finally, Allianz Asset Management GmbH increased its stake in Insperity by 7.7% in the third quarter. Allianz Asset Management GmbH now owns 161,139 shares of the business services provider’s stock valued at $14,180,000 after acquiring an additional 11,469 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

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Insperity Company Profile

Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).

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Earnings History and Estimates for Insperity (NYSE:NSP)

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