Insperity (NYSE:NSP) Releases FY 2024 Earnings Guidance

Insperity (NYSE:NSP) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.420-3.660 for the period, compared to the consensus estimate of 3.580. The company issued revenue guidance of -. Insperity also updated its Q4 2024 guidance to -0.100-0.120 EPS.

Insperity Price Performance

NSP stock traded down $0.97 during trading on Thursday, hitting $80.14. 110,805 shares of the company’s stock traded hands, compared to its average volume of 271,347. The business has a fifty day simple moving average of $88.04 and a 200 day simple moving average of $94.44. Insperity has a 52 week low of $77.50 and a 52 week high of $119.40. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. As a group, research analysts expect that Insperity will post 2.43 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, September 5th. Insperity’s payout ratio is 58.68%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NSP shares. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Insperity currently has a consensus rating of “Hold” and a consensus price target of $99.50.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company’s stock.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.