Insperity (NYSE:NSP) Updates Q3 2024 Earnings Guidance

Insperity (NYSE:NSP) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.210-0.450 for the period, compared to the consensus EPS estimate of 0.530. The company issued revenue guidance of -. Insperity also updated its FY 2024 guidance to 3.330-3.880 EPS.

Insperity Price Performance

NSP stock traded down $6.86 on Thursday, hitting $95.86. 60,034 shares of the company’s stock traded hands, compared to its average volume of 281,294. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.64. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.83 and a beta of 1.13. Insperity has a 1-year low of $85.04 and a 1-year high of $119.40. The stock has a fifty day moving average of $95.30 and a 200-day moving average of $101.62.

Insperity (NYSE:NSP) last announced its earnings results on Wednesday, May 1st. The business services provider reported $2.08 EPS for the quarter, beating the consensus estimate of $1.84 by $0.24. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. Insperity had a return on equity of 137.14% and a net margin of 2.39%. On average, analysts forecast that Insperity will post 2.43 EPS for the current fiscal year.

Insperity Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.50%. This is a boost from Insperity’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 7th. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

Analyst Ratings Changes

Several equities analysts have weighed in on NSP shares. StockNews.com upgraded shares of Insperity from a hold rating to a buy rating in a research report on Thursday, May 9th. William Blair reissued an outperform rating on shares of Insperity in a research note on Friday, May 17th. Finally, Robert W. Baird lifted their target price on Insperity from $105.00 to $109.00 and gave the company a neutral rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Insperity currently has an average rating of Moderate Buy and a consensus price target of $109.50.

Insider Activity

In other Insperity 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 transaction of $1,162,380.03. Following the completion of the sale, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $1,162,380.03. Following the completion of the transaction, the chief executive officer now owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Morphy sold 3,300 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $102.42, for a total transaction of $337,986.00. Following the completion of the transaction, the director now directly owns 7,633 shares of the company’s stock, valued at approximately $781,771.86. The disclosure for this sale can be found here. Insiders have sold a total of 20,695 shares of company stock valued at $2,044,864 over the last 90 days. 5.50% of the stock is currently owned by company insiders.

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.