ASGN Inc (NYSE:ASGN) Expected to Post Earnings of $1.23 Per Share

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Brokerages predict that ASGN Inc (NYSE:ASGN) will post earnings of $1.23 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for ASGN’s earnings. ASGN posted earnings per share of $1.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The business is expected to issue its next earnings report on Wednesday, February 12th.

On average, analysts expect that ASGN will report full-year earnings of $4.57 per share for the current year. For the next fiscal 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 calculations are an average based on a survey of sell-side analysts that follow ASGN.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.23 by $0.08. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $998.20 million. During the same period in the prior year, the business posted $1.30 earnings per share. ASGN’s revenue was up 10.6% compared to the same quarter last year.

ASGN has been the topic of several recent analyst reports. William Blair restated an “outperform” rating on shares of ASGN in a report on Friday, September 20th. ValuEngine cut shares of ASGN from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, Zacks Investment Research raised shares of ASGN from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.83.

ASGN traded up $1.28 during trading on Friday, reaching $68.20. The company had a trading volume of 292,688 shares, compared to its average volume of 297,446. The firm’s 50-day simple moving average is $65.32 and its 200 day simple moving average is $61.13. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 15.57, a PEG 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 $68.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.11 and a current ratio of 2.11.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of ASGN by 0.3% in the second quarter. Vanguard Group Inc. now owns 4,692,978 shares of the business services provider’s stock worth $284,394,000 after buying an additional 14,308 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in 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 acquiring an additional 216,440 shares during the last quarter. Select Equity Group L.P. lifted its position in 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 acquiring an additional 235,247 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in ASGN by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 906,931 shares of the business services provider’s stock valued at $54,960,000 after acquiring an additional 2,483 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in ASGN by 6.4% during the second quarter. Macquarie Group Ltd. now owns 896,005 shares of the business services provider’s stock valued at $54,298,000 after acquiring an additional 53,872 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

About ASGN

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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Earnings History and Estimates for ASGN (NYSE:ASGN)

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