Equities Analysts Issue Forecasts for ASGN Q3 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) - Research analysts at William Blair dropped their Q3 2026 earnings per share estimates for shares of ASGN in a research report issued on Thursday, July 24th. William Blair analyst M. Nolan now anticipates that the business services provider will post earnings per share of $1.40 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.

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

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

ASGN Trading Down 0.6%

NYSE:ASGN traded down $0.33 on Monday, reaching $54.41. The company's stock had a trading volume of 524,779 shares, compared to its average volume of 608,901. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 17.22 and a beta of 0.97. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. ASGN has a 12-month low of $46.63 and a 12-month high of $101.66. The stock has a 50 day moving average price of $51.64 and a 200 day moving average price of $62.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASGN. Pinebridge Investments L.P. lifted its holdings in ASGN by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock valued at $1,832,000 after purchasing an additional 6,576 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ASGN by 47,970.1% during the first quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock worth $41,500,000 after purchasing an additional 65,719 shares during the period. Reinhart Partners LLC. raised its holdings in shares of ASGN by 13.4% during the first quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after acquiring an additional 78,794 shares during the period. SG Americas Securities LLC bought a new position in ASGN during the 1st quarter worth about $396,000. Finally, Entropy Technologies LP lifted its position in shares of ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock worth $465,000 after purchasing an additional 3,788 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

ASGN Company Profile

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.