Last $27.52 USD
Change Today -0.39 / -1.40%
Volume 154.1K
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As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

insperity inc (NSP) Key Developments

Insperity, Inc. Declares Quarterly Dividend, Payable on Sept. 12, 2014

Insperity, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.19 per share. The dividend will be paid on Sept. 12, 2014 to all stockholders of record as of Sept. 2, 2014.

Insperity, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charges Second Quarter Ended June 30, 2014; Provides Financial Guidance for the Third Quarter of 2014; Revises Financial Guidance for the Full Year of 2014

Insperity, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $564,621,000 compared with $547,274,000 for the same period last year. Operating income was $3,414,000 compared with $10,228,000 for the same period last year. Income before income tax expense was $3,450,000 compared with $7,612,000 for the same period last year. Net income allocated to common shares was $1,752,000 or $0.07 per basic and diluted per share compared with $3,364,000 or $0.14 per basic and diluted per share for the same period last year. EBITDA was $8,829,000 compared with $12,945,000 for the same period last year. Adjusted EBITDA was $14,559,000 compared with $18,916,000 for the same period last year. Adjusted net income was $3,457,000 or $0.13 per share diluted compared with $6,167,000 or $0.24 per share diluted for the same period last year. Revenues for the second quarter of 2014 increased 3.2% over the second quarter of 2013, due to a 1.2% increase in the average number of worksite employees paid per month and a 1.9% increase in revenues per worksite employee per month. For the six months, the company reported revenues of $1,201,620,000 compared with $1,159,110,000 for the same period last year. Operating income was $20,005,000 compared with $32,237,000 for the same period last year. Income before income tax expense was $20,062,000 compared with $29,699,000 for the same period last year. Net income allocated to common shares was $11,122,000 or $0.45 per basic and diluted per share compared with $16,180,000 or $0.65 per basic and diluted per share for the same period last year. EBITDA was $30,764,000 compared with $40,265,000 for the same period last year. Adjusted EBITDA was $38,894,000 compared with $48,546,000 for the same period last year. Adjusted net income was $13,021,000 or $0.51 per share diluted compared with $19,340,000 or $0.75 per share diluted for the same period last year. Capital expenditures was $6.6 million. For the quarter, the company reported impairment charges of $2,485,000. For the full year of 2014, the company is estimating an effective income tax rate of 42%. The company is forecasting its full year 2014 operating expenses to be in a range of $350 million to $351 million, or $14 million reduction from its initial budget. Approximately $6 million of this reduction is associated with cost savings initiatives in the G&A and corporate overhead areas. Holding down corporate headcount, outside of the planned hiring of business performance advisors and technology personnel, is expected to result in $4 million of budget savings. Savings in the marketing area are expected to total just over $1 million and other savings -- and other areas of savings, including stock-based compensation, commission and depreciation on lower CapEx spend, are expected to total approximately $3 million. In summary, the updated key metrics guidance implies a range of 2014 full year earnings per share of $0.95 to $1.07. The midpoint of this updated guidance is approximately $0.07 per share below its previous forecast. Now as for the third quarter, operating expenses are expected to be in a range of $86 million to $87 million.

Insperity, Inc. to Report Q2, 2014 Results on Aug 01, 2014

Insperity, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 01, 2014

Insperity, Inc., Q2 2014 Earnings Call, Aug 01, 2014

Insperity, Inc., Q2 2014 Earnings Call, Aug 01, 2014

Insperity, Inc. Forms Strategic Alliance with Independent Community Bankers of America

Insperity, Inc. announced a strategic alliance with Independent Community Bankers of America(R). Under the terms of the agreement, Insperity is designated as an ICBA Preferred Service Provider. ICBA members will have special access to offer and purchase numerous Insperity products and services, including Payroll Services, Time and Attendance, Financial Services and the HR Support Center. These offerings enable bankers to spend less time focused on the administrative aspects of operating their institutions and more time to develop client relationships.

 

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