ASGN (ASGN) Set to Announce Earnings on Wednesday

ASGN (NYSE:ASGN) is scheduled to release its earnings data 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. ASGN had a net margin of 4.93% and a return on equity of 15.52%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $1.51 EPS. The business’s 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 Trading Down 0.0 %

Shares of ASGN stock opened at $94.81 on Wednesday. ASGN has a 52-week low of $63.27 and a 52-week high of $106.42. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 3.84 and a beta of 1.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a fifty day moving average of $99.13 and a 200-day moving average of $92.52.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASGN. BMO Capital Markets increased their price objective on shares of ASGN to $110.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Jefferies Financial Group increased their target price on shares of ASGN to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Bank Of America (Bofa) restated an “underweight” rating and issued a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Canaccord Genuity Group restated a “buy” rating and issued a $110.00 price objective on shares of ASGN in a research report on Wednesday, January 3rd. Finally, Truist Financial raised their price objective on shares of ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.50.

Insider Activity

In related news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $93.62, for a total transaction of $102,982.00. Following the transaction, the senior vice president now owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $93.62, for a total transaction of $102,982.00. Following the transaction, the senior vice president now owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, the president now directly owns 107,923 shares in the company, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional Trading of ASGN

An institutional investor recently bought a new position in ASGN stock. State of Tennessee Treasury Department acquired a new stake in ASGN Incorporated (NYSE:ASGN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 28,107 shares of the business services provider’s stock, valued at approximately $2,703,000. State of Tennessee Treasury Department owned about 0.06% of ASGN as of its most recent SEC filing. 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.