Brokerages expect that Insperity Inc (NYSE:NSP) will report sales of $988.29 million for the current quarter, according to Zacks. Four analysts have provided estimates for Insperity’s earnings, with the lowest sales estimate coming in at $983.96 million and the highest estimate coming in at $990.71 million. Insperity posted sales of $882.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The business is expected to report its next earnings report on Monday, May 7th.
According to Zacks, analysts expect that Insperity will report full-year sales of $988.29 million for the current year, with estimates ranging from $3.65 billion to $3.75 billion. For the next financial year, analysts forecast that the business will post sales of $4.12 billion per share, with estimates ranging from $4.01 billion to $4.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Insperity.
Insperity (NYSE:NSP) last issued its earnings results on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). The firm had revenue of $826.50 million during the quarter, compared to analysts’ expectations of $813.28 million. Insperity had a return on equity of 102.86% and a net margin of 2.55%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS.
In other Insperity news, President Richard G. Rawson sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $114.76, for a total value of $103,284.00. Following the completion of the sale, the president now owns 97,410 shares in the company, valued at $11,178,771.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Paul J. Sarvadi sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $61.58, for a total value of $2,771,100.00. The disclosure for this sale can be found here. Insiders sold 56,900 shares of company stock valued at $3,830,474 in the last quarter. Corporate insiders own 13.92% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Insperity by 91.6% in the fourth quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock valued at $318,769,000 after purchasing an additional 2,656,549 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Insperity by 113.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock valued at $58,709,000 after purchasing an additional 543,775 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in Insperity by 112.2% in the fourth quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock valued at $34,421,000 after purchasing an additional 317,300 shares during the last quarter. Renaissance Technologies LLC lifted its position in Insperity by 45.4% in the fourth quarter. Renaissance Technologies LLC now owns 506,500 shares of the business services provider’s stock valued at $29,048,000 after purchasing an additional 158,100 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Insperity by 71.7% in the fourth quarter. Bank of New York Mellon Corp now owns 506,094 shares of the business services provider’s stock valued at $29,024,000 after purchasing an additional 211,266 shares during the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.
Shares of Insperity (NSP) opened at $63.05 on Tuesday. The stock has a market capitalization of $2,615.59, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Insperity has a 52 week low of $34.88 and a 52 week high of $65.85.
Insperity announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 16th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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