Insight Enterprises (NASDAQ:NSIT – Get Free Report) released its earnings results on Thursday. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18), Briefing.com reports. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Insight Enterprises updated its FY24 guidance to $9.40-9.70 EPS and its FY 2024 guidance to 9.400-9.700 EPS.
Insight Enterprises Stock Performance
Shares of NSIT stock opened at $172.21 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market capitalization of $5.61 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The company’s 50 day moving average price is $210.88 and its two-hundred day moving average price is $203.79. Insight Enterprises has a 52 week low of $139.34 and a 52 week high of $228.07.
Insiders Place Their Bets
In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the firm’s 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 sale, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.23% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Insight Enterprises
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.
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