ASGN (ASGN) to Release Earnings on Wednesday

ASGN (NYSE:ASGN) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.35 per share for the quarter. ASGN has set its Q3 guidance at $1.31-$1.39 EPS and its Q3 2024 guidance at 1.310-1.390 EPS.Parties interested in participating in the company’s conference call can do so using this link.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. On average, analysts expect ASGN to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ASGN Stock Performance

Shares of ASGN stock opened at $97.34 on Wednesday. The firm has a market cap of $4.47 billion, a PE ratio of 22.53 and a beta of 1.40. The firm’s 50-day simple moving average is $92.75 and its 200-day simple moving average is $94.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.34 and a current ratio of 2.34. ASGN has a 1 year low of $76.70 and a 1 year high of $106.42.

Analyst Upgrades and Downgrades

ASGN has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $115.00 target price on shares of ASGN in a research note on Thursday, July 25th. Jefferies Financial Group dropped their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, ASGN currently has an average rating of “Hold” and a consensus price target of $97.22.

Insider Buying and Selling at ASGN

In other ASGN news, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the sale, the director now owns 11,645 shares in the company, valued at approximately $1,077,278.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ASGN news, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the sale, the director now owns 11,645 shares in the company, valued at approximately $1,077,278.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan S. Holman sold 503 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the transaction, the director now owns 10,821 shares of the company’s stock, valued at $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

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.