Equities analysts expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will announce $1.81 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Insight Enterprises’ earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.79 billion. Insight Enterprises reported sales of $1.84 billion during the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The firm is expected to report its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Insight Enterprises will report full-year sales of $7.21 billion for the current fiscal year, with estimates ranging from $7.18 billion to $7.25 billion. For the next fiscal year, analysts expect that the firm will report sales of $7.44 billion, with estimates ranging from $7.42 billion to $7.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.20. Insight Enterprises had a net margin of 2.42% and a return on equity of 17.80%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis.

Several research firms have weighed in on NSIT. BidaskClub downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 30th. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, February 19th. Finally, B. Riley reiterated a “buy” rating on shares of Insight Enterprises in a research note on Monday, April 29th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oxford Asset Management LLP grew its stake in shares of Insight Enterprises by 19.5% in the 1st quarter. Oxford Asset Management LLP now owns 77,159 shares of the software maker’s stock worth $4,248,000 after acquiring an additional 12,604 shares in the last quarter. Cornercap Investment Counsel Inc. grew its stake in shares of Insight Enterprises by 4.2% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 23,104 shares of the software maker’s stock worth $1,272,000 after acquiring an additional 930 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Insight Enterprises by 9.2% in the 1st quarter. Hsbc Holdings PLC now owns 31,715 shares of the software maker’s stock worth $1,746,000 after acquiring an additional 2,660 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Insight Enterprises in the 1st quarter worth $232,000. Finally, Marshall Wace LLP grew its stake in shares of Insight Enterprises by 18,788.2% in the 1st quarter. Marshall Wace LLP now owns 20,777 shares of the software maker’s stock worth $1,144,000 after acquiring an additional 20,667 shares in the last quarter. Hedge funds and other institutional investors own 97.10% of the company’s stock.

NSIT traded up $0.45 during trading on Friday, hitting $54.81. 2,354 shares of the company’s stock were exchanged, compared to its average volume of 187,306. The company has a current ratio of 1.53, a quick ratio of 1.39 and a debt-to-equity ratio of 0.11. Insight Enterprises has a fifty-two week low of $37.77 and a fifty-two week high of $60.10. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 11.76 and a beta of 1.16.

Insight Enterprises Company Profile

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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