Insperity (NYSE:NSP) Releases FY 2024 Earnings Guidance

Insperity (NYSE:NSP) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.330-3.880 for the period, compared to the consensus earnings per share estimate of 3.650. The company issued revenue guidance of -. Insperity also updated its FY24 guidance to $3.33-3.88 EPS.

Insperity Stock Down 6.7 %

Shares of NYSE NSP traded down $6.86 during mid-day trading on Thursday, reaching $95.86. The company had a trading volume of 60,034 shares, compared to its average volume of 281,294. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.83 and a beta of 1.13. The stock has a fifty day moving average of $95.30 and a two-hundred day moving average of $101.62. Insperity has a 12-month low of $85.04 and a 12-month high of $119.40.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, equities research analysts expect that Insperity will post 2.43 EPS for the current year.

Insperity Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, June 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.57. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NSP shares. Robert W. Baird boosted their price target on Insperity from $105.00 to $109.00 and gave the stock a neutral rating in a research report on Friday, May 17th. StockNews.com raised shares of Insperity from a hold rating to a buy rating in a research report on Thursday, May 9th. Finally, William Blair reiterated an outperform rating on shares of Insperity in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $109.50.

Insiders Place Their Bets

In related news, CEO Paul J. Sarvadi sold 12,183 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the transaction, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Paul J. Sarvadi sold 12,183 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the sale, the chief executive officer now owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas S. Sharp sold 5,212 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total transaction of $544,497.64. Following the transaction, the chief financial officer now owns 28,516 shares of the company’s stock, valued at approximately $2,979,066.52. The disclosure for this sale can be found here. Insiders have sold 20,695 shares of company stock worth $2,044,864 in the last ninety days. Insiders own 5.50% of the company’s stock.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.