Insperity (NYSE:NSP) Updates Q4 2024 Earnings Guidance

Insperity (NYSE:NSP) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.100-0.120 for the period, compared to the consensus estimate of 0.110. The company issued revenue guidance of -. Insperity also updated its FY 2024 guidance to 3.420-3.660 EPS.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NSP. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Insperity has an average rating of “Hold” and an average target price of $95.67.

Insperity Stock Performance

Insperity stock traded down $3.59 during midday trading on Friday, hitting $75.18. The company’s stock had a trading volume of 616,181 shares, compared to its average volume of 274,986. Insperity has a 1-year low of $74.32 and a 1-year high of $119.40. The company has a 50-day moving average price of $87.39 and a two-hundred day moving average price of $94.05. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.24 and a beta of 1.11. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 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 the consensus estimate of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. Insperity’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, sell-side analysts predict that Insperity will post 2.42 earnings per share for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, September 5th. Insperity’s payout ratio is 56.60%.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at $46,956,967.67. This 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 can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

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.