On Assignment (NYSE:ASGN) issued its earnings results on Monday. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.68, Bloomberg Earnings reports. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The company had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year.
Shares of On Assignment (NYSE ASGN) traded up $1.41 during trading on Wednesday, reaching $74.26. 345,928 shares of the company’s stock were exchanged, compared to its average volume of 302,294. On Assignment has a 12 month low of $43.83 and a 12 month high of $77.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market capitalization of $3,742.47, a PE ratio of 34.54, a PEG ratio of 1.98 and a beta of 2.11.
In other news, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the completion of the transaction, the director now directly owns 392,930 shares of the company’s stock, valued at approximately $25,147,520. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the transaction, the senior vice president now directly owns 10,667 shares of the company’s stock, valued at $672,661.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,915 shares of company stock valued at $1,528,095. 5.40% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on the stock. Wells Fargo & Co increased their target price on shares of On Assignment from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks increased their target price on shares of On Assignment to $88.00 and gave the company a “buy” rating in a report on Thursday, February 1st. BMO Capital Markets increased their target price on shares of On Assignment from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. On Assignment has a consensus rating of “Buy” and a consensus target price of $72.86.
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On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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