Insperity, Inc. (NSP) Issues FY17 Earnings Guidance

Insperity, Inc. (NYSE:NSP) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.47-4.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.33. Insperity also updated its Q3 guidance to $0.94-1.00 EPS.

Insperity, Inc. (NYSE NSP) remained flat at $82.40 during trading on Friday. 123,133 shares of the stock were exchanged. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.86 and a beta of 0.76. The firm has a 50-day moving average price of $75.30 and a 200 day moving average price of $80.25. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm had revenue of $795.50 million during the quarter, compared to the consensus estimate of $778.88 million. During the same period last year, the company earned $0.60 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Analysts expect that Insperity, Inc. will post $4.55 EPS for the current fiscal year.

Several research firms recently commented on NSP. BidaskClub downgraded Insperity from a sell rating to a strong sell rating in a report on Thursday, June 29th. Zacks Investment Research cut Insperity from a hold rating to a sell rating in a research report on Thursday, May 4th. Finally, Roth Capital raised Insperity from a neutral rating to a buy rating and lifted their price objective for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $94.00.

In other news, President Richard G. Rawson sold 51,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the transaction, the president now owns 128,868 shares of the company’s stock, valued at approximately $10,946,047.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Morphy sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total value of $41,925.00. Following the transaction, the director now directly owns 1,887 shares in the company, valued at approximately $158,224.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,575 shares of company stock worth $6,913,786. Corporate insiders own 27.47% of the company’s stock.

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About Insperity

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).

Earnings History and Estimates for Insperity (NYSE:NSP)

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