Insperity Inc (NSP) Releases Earnings Results, Beats Expectations By $0.01 EPS

Insperity Inc (NSP) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.59. The company posted revenue of $707.30 million in the period, compared to analysts expectations of $720.78 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Insperity Inc. First Analysis Sec Downgraded Insperity Inc on Jul 7, 2016 to ” Equal-Weight”, Price Target of the shares are set at $84.

Insperity Inc closed down -0.74 points or -0.93% at $78.49 with 2,57,705 shares getting traded on Friday. Post opening the session at $79.09, the shares hit an intraday low of $78.29 and an intraday high of $79.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 9, 2016, Austin P Young (director) sold 5,000 shares at $74.18 per share price. According to the SEC, on Jun 3, 2016, Peter A Feld (director) sold 313,918 shares at $72.49 per share price. On May 31, 2016, Arthur A Arizpe (EVP of Client Services and COO) sold 6,000 shares at $70.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Insperity Inc. (Insperity) provides an array of human resources (HR) and business performance solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together its professional employer organization (PEO) HR Outsourcing solutions) which encompass a range of human resources functions including payroll and employment administration employee benefits workers’ compensation government compliance performance management and training and development services. In addition to its PEO HR Outsourcing solutions the Company offers human capital management payroll services time and attendance performance management organizational planning recruiting services employment screening financial and expense management services retirement services and insurance services (collectively Strategic Businesses) many of which are offered through desktop applications and cloud-based delivery models.

Insperity Inc

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