Insight Enterprises (NASDAQ:NSIT) Releases FY 2024 Earnings Guidance

Insight Enterprises (NASDAQ:NSIT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 9.400-9.700 for the period, compared to the consensus estimate of 10.680. The company issued revenue guidance of -. Insight Enterprises also updated its FY24 guidance to $9.40-9.70 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a research report on Friday, September 20th. Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

Insight Enterprises Trading Down 1.5 %

Shares of NASDAQ:NSIT traded down $2.71 during trading on Friday, reaching $172.21. The company’s stock had a trading volume of 562,149 shares, compared to its average volume of 276,908. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. Insight Enterprises has a 12 month low of $139.34 and a 12 month high of $228.07. The firm’s 50 day simple moving average is $210.88 and its two-hundred day simple moving average is $203.79. The stock has a market capitalization of $5.61 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.37 earnings per share. On average, research analysts predict that Insight Enterprises will post 10.67 EPS for the current fiscal year.

Insider Transactions at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.23% of the company’s stock.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.