Zacks: Brokerages Anticipate Insperity Inc (NSP) Will Post Quarterly Sales of $904.88 Million

Wall Street analysts forecast that Insperity Inc (NYSE:NSP) will announce sales of $904.88 million for the current quarter, Zacks reports. Three analysts have issued estimates for Insperity’s earnings. The highest sales estimate is $911.25 million and the lowest is $895.56 million. Insperity reported sales of $795.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that Insperity will report full-year sales of $3.77 billion for the current fiscal year, with estimates ranging from $3.74 billion to $3.79 billion. For the next year, analysts forecast that the firm will report sales of $4.15 billion per share, with estimates ranging from $4.09 billion to $4.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Insperity.

Insperity (NYSE:NSP) last released its quarterly earnings results on Monday, April 30th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.27. Insperity had a net margin of 2.87% and a return on equity of 122.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.24 million. During the same period last year, the firm earned $1.84 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis.



Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Robert W. Baird raised their price objective on shares of Insperity from $69.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, May 14th. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “strong-buy” rating and set a $96.00 price objective on the stock in a research report on Thursday, May 10th. Finally, SunTrust Banks raised their price objective on shares of Insperity to $85.00 and gave the company a “hold” rating in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $86.75.

Insperity traded down $1.05, hitting $95.25, during trading on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 604,363 shares, compared to its average volume of 275,446. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. Insperity has a one year low of $34.88 and a one year high of $101.90. The company has a market capitalization of $4.05 billion, a PE ratio of 46.69, a PEG ratio of 1.69 and a beta of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.84%. Insperity’s payout ratio is 39.22%.

In other news, Director Austin P. Young sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $83.93, for a total transaction of $167,860.00. Following the sale, the director now directly owns 24,634 shares in the company, valued at approximately $2,067,531.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Paul J. Sarvadi sold 90,000 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $81.65, for a total transaction of $7,348,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 248,682 shares of company stock worth $21,403,889 over the last 90 days. Insiders own 9.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NSP. Fuller & Thaler Asset Management Inc. increased its holdings in Insperity by 100.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,200 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 1,100 shares during the last quarter. Elkfork Partners LLC increased its holdings in Insperity by 65.6% in the 4th quarter. Elkfork Partners LLC now owns 2,768 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 1,096 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Insperity in the 4th quarter valued at $203,000. Verition Fund Management LLC bought a new stake in Insperity in the 4th quarter valued at $209,000. Finally, Suntrust Banks Inc. bought a new stake in Insperity in the 4th quarter valued at $218,000. Institutional investors own 80.94% of the company’s stock.

About Insperity

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.

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