ASGN (NYSE:ASGN - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect ASGN to post earnings of $1.09 per share for the quarter. ASGN has set its Q1 guidance at $1.10 to $1.18 EPS and its Q1 2024 guidance at 1.100-1.180 EPS.Individual interested in listening to the company's earnings conference call can do so using this link.
ASGN (NYSE:ASGN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.08. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $1.51 EPS. The firm's quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect ASGN to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
ASGN Price Performance
Shares of NYSE:ASGN traded down $0.09 on Wednesday, reaching $94.73. 305,010 shares of the company traded hands, compared to its average volume of 236,004. ASGN has a fifty-two week low of $63.27 and a fifty-two week high of $106.42. The company's 50 day moving average is $99.13 and its 200-day moving average is $92.62. The stock has a market capitalization of $4.40 billion, a PE ratio of 21.05, a P/E/G ratio of 3.81 and a beta of 1.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 2.47.
Analysts Set New Price Targets
ASGN has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on ASGN to $88.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Bank Of America (Bofa) reiterated an "underweight" rating and set a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Canaccord Genuity Group reiterated a "buy" rating and set a $110.00 price objective on shares of ASGN in a research report on Wednesday, January 3rd. Truist Financial increased their price objective on ASGN from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets increased their target price on ASGN to $110.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ASGN currently has a consensus rating of "Hold" and an average price target of $93.50.
Read Our Latest Stock Analysis on ASGN
Insider Buying and Selling
In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the sale, the president now owns 107,923 shares of the company's stock, valued at $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.
Institutional Trading of ASGN
An institutional investor recently raised its position in ASGN stock. Captrust Financial Advisors boosted its holdings in shares of ASGN Incorporated (NYSE:ASGN - Free Report) by 16.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,974 shares of the business services provider's stock after buying an additional 273 shares during the quarter. Captrust Financial Advisors' holdings in ASGN were worth $178,000 at the end of the most recent quarter. Institutional investors and hedge funds own 95.36% of the company's stock.
ASGN Company Profile
(
Get Free Report)
ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.
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