Brokerages Anticipate ASGN Inc (ASGN) Will Announce Earnings of $1.15 Per Share

Wall Street brokerages forecast that ASGN Inc (NYSE:ASGN) will announce earnings of $1.15 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for ASGN’s earnings, with the lowest EPS estimate coming in at $1.14 and the highest estimate coming in at $1.17. ASGN posted earnings per share of $0.85 in the same quarter last year, which indicates a positive year-over-year growth rate of 35.3%. The business is expected to issue its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that ASGN will report full year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.38 to $4.41. For the next financial year, analysts expect that the company will report earnings of $4.66 per share, with EPS estimates ranging from $4.62 to $4.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow ASGN.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.20. The business had revenue of $906.40 million during the quarter, compared to the consensus estimate of $892.87 million. ASGN had a net margin of 5.69% and a return on equity of 20.29%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share.

ASGN has been the subject of several research reports. Credit Suisse Group dropped their price target on shares of ASGN from $78.00 to $62.00 in a research note on Friday, December 28th. Bank of America initiated coverage on shares of ASGN in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 price target for the company. Zacks Investment Research upgraded shares of ASGN from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Wednesday, January 9th. ValuEngine downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Finally, Robert W. Baird dropped their price target on shares of ASGN from $91.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.75.

In other news, CEO Peter T. Dameris bought 15,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $65.92 per share, for a total transaction of $988,800.00. Following the completion of the purchase, the chief executive officer now owns 118,580 shares in the company, valued at approximately $7,816,793.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edwin A. Sheridan bought 20,000 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average price of $65.33 per share, with a total value of $1,306,600.00. Following the purchase, the director now owns 21,686 shares of the company’s stock, valued at approximately $1,416,746.38. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 54,950 shares of company stock valued at $3,645,425. Insiders own 3.90% of the company’s stock.

Several hedge funds have recently modified their holdings of ASGN. BlackRock Inc. lifted its position in ASGN by 6.9% in the third quarter. BlackRock Inc. now owns 7,649,596 shares of the business services provider’s stock valued at $603,783,000 after acquiring an additional 496,422 shares during the last quarter. Vanguard Group Inc. lifted its position in ASGN by 2.3% in the third quarter. Vanguard Group Inc. now owns 4,970,834 shares of the business services provider’s stock valued at $392,347,000 after acquiring an additional 112,311 shares during the last quarter. Vanguard Group Inc lifted its position in ASGN by 2.3% in the third quarter. Vanguard Group Inc now owns 4,970,834 shares of the business services provider’s stock valued at $392,347,000 after acquiring an additional 112,311 shares during the last quarter. Capital International Investors purchased a new stake in ASGN in the third quarter valued at $250,613,000. Finally, FMR LLC purchased a new stake in ASGN in the second quarter valued at $117,721,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Shares of NYSE:ASGN traded down $0.79 during trading on Monday, hitting $59.40. The company’s stock had a trading volume of 18,633 shares, compared to its average volume of 419,319. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.08 and a beta of 2.08. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.02. ASGN has a fifty-two week low of $51.05 and a fifty-two week high of $94.25.

ASGN Company Profile

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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