Insight Enterprises (NSIT) Releases FY19 Earnings Guidance

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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.

A number of research analysts have weighed in on NSIT shares. Zacks Investment Research raised Insight Enterprises from a sell rating to a hold rating in a report on Wednesday, January 9th. B. Riley reiterated a buy rating on shares of Insight Enterprises in a research report on Monday. Finally, BidaskClub upgraded Insight Enterprises from a buy rating to a strong-buy rating in a research report on Saturday, April 13th.

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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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