Insperity Inc.has updated its guidancefor the full year 2016 and provided its outlook for the second quarter.
For 2016, the company now expects adjusted EPS of between $3.46and $3.58 and adjusted EBITDA of $141 million to $145 million. Insperity previouslyexpected adjusted EPS between $3.19 and $3.36 and adjusted EBITDA between $134 millionand $141 million.
For the second quarter, the company expects adjusted EPS of 54cents to 62 cents and adjusted EBITDA of $24 million to $27 million.
The S&P Capital IQ consensus normalized EPS estimate forthe second quarter is 58 cents.
Insperity reported first-quarter net income allocated to commonshares of $32.0 million, or $1.53 per common share, compared with $13.4 million,or 54 cents per common share, a year ago.
Adjusted net income was $34.9 million, or $1.63 per common share,up from $21.6 million, or 86 cents per common share, in the prior-year period.
The S&P Capital IQ consensus normalized EPS estimate forthe first quarter was $1.47.