Insperity (NYSE:NSP) Updates FY 2024 Earnings Guidance

Insperity (NYSE:NSP) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.420-3.660 for the period, compared to the consensus EPS estimate of 3.580. The company issued revenue guidance of -. Insperity also updated its Q4 2024 guidance to -0.100-0.120 EPS.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $99.50.

Insperity Trading Down 1.2 %

Shares of NYSE NSP traded down $0.97 during trading on Thursday, hitting $80.14. 110,805 shares of the company traded hands, compared to its average volume of 271,347. The firm has a market capitalization of $3.02 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The company has a 50-day moving average price of $88.04 and a 200-day moving average price of $94.44. Insperity has a 1 year low of $77.50 and a 1 year high of $119.40.

Insperity (NYSE:NSP) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Insperity will post 2.43 EPS for the current year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.99%. Insperity’s dividend payout ratio is currently 58.68%.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the sale, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.50% of the company’s stock.

About Insperity

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.