Equities analysts expect ASGN Inc (NYSE:ASGN) to announce earnings of $1.23 per share for the current quarter, Zacks reports. Five analysts have made estimates for ASGN’s earnings. ASGN reported earnings per share of $1.14 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The business is expected to issue its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that ASGN will report full-year earnings of $4.61 per share for the current year, with EPS estimates ranging from $4.57 to $4.65. For the next year, analysts anticipate that the firm will post earnings of $5.02 per share, with EPS estimates ranging from $4.85 to $5.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow ASGN.
ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.08. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $998.20 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.
A number of brokerages have weighed in on ASGN. Zacks Investment Research raised ASGN from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, November 27th. William Blair reissued an “outperform” rating on shares of ASGN in a report on Friday, September 20th. Finally, ValuEngine downgraded ASGN from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.83.
ASGN stock opened at $67.07 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.61 and a beta of 1.92. ASGN has a 12 month low of $50.33 and a 12 month high of $70.55. The firm has a 50 day moving average of $64.72 and a two-hundred day moving average of $60.92.
Several large investors have recently modified their holdings of the company. Invesco Ltd. increased its position in ASGN by 380.5% during the second quarter. Invesco Ltd. now owns 789,517 shares of the business services provider’s stock worth $47,845,000 after acquiring an additional 625,197 shares during the period. Incline Global Management LLC acquired a new stake in ASGN in the 2nd quarter worth $27,490,000. Nuveen Asset Management LLC acquired a new stake in ASGN in the 2nd quarter worth $17,977,000. Select Equity Group L.P. increased its holdings in shares of ASGN by 32.7% during the 3rd quarter. Select Equity Group L.P. now owns 955,401 shares of the business services provider’s stock worth $60,057,000 after purchasing an additional 235,247 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in shares of ASGN by 14.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock worth $106,480,000 after purchasing an additional 216,440 shares during the period. 91.53% of the stock is currently owned by institutional investors.
ASGN Company Profile
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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