William Blair Reiterates “Outperform” Rating for On Assignment (ASGN)

On Assignment (NYSE:ASGN)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a research report issued to clients and investors on Thursday. William Blair also issued estimates for On Assignment’s Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $4.05 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.22 EPS and FY2019 earnings at $4.53 EPS.

Several other equities analysts have also issued reports on the company. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co increased their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets increased their target price on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. SunTrust Banks increased their target price on On Assignment to $88.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $76.43.

On Assignment (NYSE ASGN) opened at $75.45 on Thursday. On Assignment has a 12 month low of $44.66 and a 12 month high of $77.68. The company has a quick ratio of 2.57, a current ratio of 3.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,927.13, a price-to-earnings ratio of 25.32, a PEG ratio of 2.04 and a beta of 2.11.

On Assignment (NYSE:ASGN) last posted its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The firm had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. During the same quarter in the prior year, the company earned $0.64 EPS. On Assignment’s revenue was up 9.4% on a year-over-year basis. sell-side analysts expect that On Assignment will post 3.71 earnings per share for the current year.

In other On Assignment news, SVP Jennifer Hankes Painter sold 3,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the sale, the senior vice president now owns 10,667 shares in the company, valued at approximately $672,661.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the sale, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,915 shares of company stock worth $1,528,095. 5.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ASGN. We Are One Seven LLC purchased a new stake in On Assignment during the 4th quarter worth about $163,000. Public Employees Retirement Association of Colorado purchased a new stake in On Assignment during the 4th quarter worth about $192,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in On Assignment by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after purchasing an additional 857 shares during the period. Everence Capital Management Inc. purchased a new stake in On Assignment during the 4th quarter worth about $217,000. Finally, M&T Bank Corp purchased a new stake in On Assignment during the 4th quarter worth about $218,000. Institutional investors own 91.85% of the company’s stock.

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On Assignment Company Profile

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

Analyst Recommendations for On Assignment (NYSE:ASGN)

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