Insperity, Inc. (NSP - Free Report) gains from an increase in the average number of worksite employees paid per month. The strong liquidity position bodes well for the company. The increasing expenses are pressuring the bottom line.
Insperity, Inc. reported solid first-quarter 2023 results, wherein earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings (excluding 22 cents from non-recurring items) of $2.67 per share outpaced the consensus estimate by 7.7% and rose more than 34.2% year over year. Revenues of $1.77 billion surpassed the consensus mark by 0.8%. Revenues increased 12.2% year over year. The upside was backed by an increase in the paid average number of worksite employees (WSEE). The average number of WSEEs paid per month was 306,691, which increased 10.1% year over year.
Current Situation of Insperity
Insperity gains from the growing professional employer organization (“PEO”) industry. The industry currently grows on the back of the increased need of providing employee benefits, increased costs related to workers’ compensation insurance coverage, workplace safety programs, employee-related complaints and litigation, complex regulation of payroll and payroll tax among other things.
The company’s continuous efforts to reward its shareholders are praiseworthy. During 2022 and 2021, the company repurchased 770,000 shares and 716,000 shares for $73 million and $69.7 million, respectively, and paid out dividends totaling $77 million and $144.2 million.
Insperity’s current ratio at the end of first-quarter 2023 was pegged at 1.17, higher than the current ratio of 1.11 reported at the end of the prior-year quarter. This figure indicates that the company might not face any difficulties in meeting its short-term debt obligations.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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Insperity, Inc. (NSP - Free Report) gains from an increase in the average number of worksite employees paid per month. The strong liquidity position bodes well for the company. The increasing expenses are pressuring the bottom line.
Insperity, Inc. reported solid first-quarter 2023 results, wherein earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings (excluding 22 cents from non-recurring items) of $2.67 per share outpaced the consensus estimate by 7.7% and rose more than 34.2% year over year. Revenues of $1.77 billion surpassed the consensus mark by 0.8%. Revenues increased 12.2% year over year. The upside was backed by an increase in the paid average number of worksite employees (WSEE). The average number of WSEEs paid per month was 306,691, which increased 10.1% year over year.
Current Situation of Insperity
Insperity gains from the growing professional employer organization (“PEO”) industry. The industry currently grows on the back of the increased need of providing employee benefits, increased costs related to workers’ compensation insurance coverage, workplace safety programs, employee-related complaints and litigation, complex regulation of payroll and payroll tax among other things.
The company’s continuous efforts to reward its shareholders are praiseworthy. During 2022 and 2021, the company repurchased 770,000 shares and 716,000 shares for $73 million and $69.7 million, respectively, and paid out dividends totaling $77 million and $144.2 million.
Insperity’s current ratio at the end of first-quarter 2023 was pegged at 1.17, higher than the current ratio of 1.11 reported at the end of the prior-year quarter. This figure indicates that the company might not face any difficulties in meeting its short-term debt obligations.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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