Insperity (NYSE:NSP) Updates FY 2024 Earnings Guidance

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

Insperity Stock Performance

NSP stock traded down $3.59 during midday trading on Friday, reaching $75.18. 616,181 shares of the company’s stock traded hands, compared to its average volume of 274,986. Insperity has a 52-week low of $74.32 and a 52-week high of $119.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The stock has a market cap of $2.82 billion, a P/E ratio of 17.73, a PEG ratio of 2.24 and a beta of 1.11. The stock’s 50-day moving average is $87.39 and its 200 day moving average is $94.05.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 1.3% on a year-over-year basis. As a group, analysts anticipate that Insperity will post 2.42 EPS for the current year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.60 dividend. 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 3.19%. Insperity’s dividend payout ratio is presently 56.60%.

Wall Street Analyst Weigh In

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

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares in the company, valued at $46,956,967.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.