William Blair Issues Negative Forecast for ASGN Earnings

Key Points

• William Blair has downgraded its Q3 2026 earnings estimate for ASGN Incorporated from $1.43 to $1.40 per share, with a year-end estimate of $5.00 per share.
• ASGN reported Q2 earnings of $1.17 per share, exceeding analysts' expectations, but experienced a year-over-year revenue decline of 1.4%.
• Multiple research firms have reduced their price targets on ASGN, with Canaccord Genuity lowering its target from $115.00 to $55.00.

ASGN Incorporated (NYSE:ASGN - Free Report) - William Blair lowered their Q3 2026 EPS estimates for shares of ASGN in a research note issued on Thursday, July 24th. William Blair analyst M. Nolan now forecasts that the business services provider will post earnings of $1.40 per share for the quarter, down from their prior estimate of $1.43. The consensus estimate for ASGN's current full-year earnings is $5.15 per share. William Blair also issued estimates for ASGN's Q4 2026 earnings at $1.39 EPS and FY2026 earnings at $5.00 EPS.

A number of other research analysts also recently commented on ASGN. Wells Fargo & Company lowered their price target on shares of ASGN from $56.00 to $51.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Jefferies Financial Group reissued an "underperform" rating and issued a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research note on Monday, July 7th. Truist Financial decreased their price objective on shares of ASGN from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. UBS Group decreased their price objective on shares of ASGN from $49.00 to $47.00 and set a "sell" rating for the company in a research note on Thursday, July 24th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $55.00 price objective (down previously from $115.00) on shares of ASGN in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $61.67.

ASGN Price Performance

Shares of ASGN stock traded down $0.49 during trading on Monday, reaching $51.35. 61,374 shares of the stock traded hands, compared to its average volume of 524,388. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 16.28 and a beta of 0.97. The business has a fifty day simple moving average of $51.50 and a two-hundred day simple moving average of $62.46. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 2.37. ASGN has a 52-week low of $46.63 and a 52-week high of $101.66.

ASGN (NYSE:ASGN - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.64 million. ASGN had a net margin of 3.50% and a return on equity of 11.90%. ASGN's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS.

Institutional Trading of ASGN

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in ASGN by 662.8% during the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock worth $66,000 after acquiring an additional 908 shares during the last quarter. SG Americas Securities LLC acquired a new position in ASGN during the first quarter worth about $396,000. Entropy Technologies LP raised its position in ASGN by 105.5% during the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock worth $465,000 after acquiring an additional 3,788 shares during the last quarter. Russell Investments Group Ltd. raised its position in ASGN by 3.1% during the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock worth $1,013,000 after acquiring an additional 485 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of ASGN by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after buying an additional 6,576 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

About ASGN

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.