Insight Enterprises (NASDAQ:NSIT) is set to announce its third-quarter earnings results on Thursday, October 31st. Analysts are expecting the company to report earnings of $2.33 per share for the quarter. The company has previously provided its FY24 guidance, projecting earnings per share (EPS) in the range of $10.60 to $10.90. Additionally, Insight Enterprises has set its FY2024 guidance at $10.600 to $10.900 EPS.
Interested parties can register for the company’s conference call using the provided link. In its previous quarterly earnings report released on August 1st, Insight Enterprises fell short of analysts’ consensus estimates, reporting $2.46 EPS compared to the expected $2.82 EPS. The company’s net margin stood at 3.38%, with a return on equity of 20.38%. Revenue for the quarter was $2.16 billion, lower than analyst estimates of $2.47 billion. This marked an 8.0% decrease in quarterly revenue compared to the same period last year when the company posted $2.56 EPS.
Insight Enterprises’ stock opened at $211.00 on Thursday, with a 52-week low of $139.34 and a 52-week high of $228.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19, and a current ratio of 1.22. With a market cap of $6.87 billion, the stock has a price-to-earnings ratio of 26.54 and a PEG ratio of 1.75. Its beta stands at 1.45. The stock’s 50-day simple moving average is $212.05, while the 200-day simple moving average is $203.07.
In recent insider activity, Jennifer M. Vasin, an insider at Insight Enterprises, sold 739 shares of the stock on August 19th at an average price of $206.03, totaling $152,256.17. Following the transaction, Vasin now holds 5,460 shares in the company, valued at $1,124,923.80. This represents a 0.00% decrease in her ownership of the stock. The transaction was disclosed in a legal filing with the SEC.
Insight Enterprises, Inc. is a global provider of information technology, hardware, software, and services. The company offers various solutions, including modern platforms/infrastructure, cybersecurity, data and artificial intelligence, modern workplace and apps, and intelligent edge solutions.