Insight Enterprises (NASDAQ:NSIT) Announces Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Insight Enterprises (NASDAQ:NSIT) issued its earnings results on Thursday. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.53 by $0.13, RTT News reports. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. During the same period in the prior year, the company posted $2.98 earnings per share. Insight Enterprises updated its FY 2025 guidance to 9.700-10.100 EPS.

Insight Enterprises Trading Down 0.3 %

NASDAQ NSIT traded down $0.56 on Thursday, hitting $173.44. The company’s stock had a trading volume of 263,459 shares, compared to its average volume of 367,739. Insight Enterprises has a 52-week low of $146.56 and a 52-week high of $228.07. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The company’s 50-day simple moving average is $161.36 and its 200 day simple moving average is $185.77. The firm has a market cap of $5.51 billion, a P/E ratio of 21.79, a PEG ratio of 1.37 and a beta of 1.42.

Analyst Ratings Changes

NSIT has been the subject of several analyst reports. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Barrington Research cut their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $212.50.

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.