Insight Enterprises (NASDAQ:NSIT) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.75-4.85 for the period, compared to the Thomson Reuters consensus estimate of $4.80.
Shares of NASDAQ NSIT traded down $0.49 during mid-day trading on Friday, reaching $57.00. 4,878 shares of the company’s stock were exchanged, compared to its average volume of 200,031. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 12.33 and a beta of 1.16. Insight Enterprises has a 52 week low of $37.77 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.52 and a quick ratio of 1.43.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Wednesday, May 1st. The software maker reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.20. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Insight Enterprises had a return on equity of 17.90% and a net margin of 2.30%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. Research analysts expect that Insight Enterprises will post 4.8 EPS for the current fiscal year.
About Insight Enterprises
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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