Wall Street brokerages forecast that ASGN Inc (NYSE:ASGN) will post earnings of $1.23 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for ASGN’s earnings, with estimates ranging from $1.22 to $1.24. ASGN posted earnings per share of $1.30 in the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The firm is scheduled to issue its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that ASGN will report full-year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $4.60. For the next year, analysts anticipate that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.62 to $5.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for ASGN.
ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). ASGN had a net margin of 4.64% and a return on equity of 19.56%. The firm had revenue of $972.30 million during the quarter, compared to analyst estimates of $972.24 million. During the same period in the prior year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year.
A number of equities research analysts have issued reports on the company. SunTrust Banks reduced their price target on ASGN to $84.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada set a $76.00 target price on ASGN and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Credit Suisse Group decreased their price target on ASGN from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $74.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in ASGN by 0.3% in the second quarter. Vanguard Group Inc. now owns 4,692,978 shares of the business services provider’s stock worth $284,394,000 after acquiring an additional 14,308 shares during the period. Wells Fargo & Company MN grew its stake in ASGN by 8.8% during the first quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock valued at $113,080,000 after acquiring an additional 144,609 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in ASGN by 14.0% during the second quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock valued at $106,480,000 after acquiring an additional 216,440 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in ASGN by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 906,931 shares of the business services provider’s stock valued at $54,960,000 after acquiring an additional 2,483 shares in the last quarter. Finally, Northern Trust Corp grew its stake in ASGN by 0.3% in the 2nd quarter. Northern Trust Corp now owns 844,288 shares of the business services provider’s stock worth $51,164,000 after buying an additional 2,349 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.
ASGN traded up $0.15 during mid-day trading on Thursday, hitting $59.39. 224,800 shares of the stock were exchanged, compared to its average volume of 321,529. The company has a current ratio of 2.14, a quick ratio of 2.20 and a debt-to-equity ratio of 0.80. The company has a market cap of $3.20 billion, a P/E ratio of 13.56, a PEG ratio of 1.44 and a beta of 1.98. The firm’s fifty day moving average price is $60.31. ASGN has a 1-year low of $50.33 and a 1-year high of $93.82.
ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.
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