ASGN (ASGN) Set to Announce Earnings on Wednesday

ASGN (NYSE:ASGN) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce 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.Investors interested in participating in the company’s conference call can do so using this link.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $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 Up 1.9 %

NYSE ASGN opened at $99.64 on Tuesday. The business’s 50-day moving average price is $99.25 and its two-hundred day moving average price is $93.11. ASGN has a 12 month low of $63.27 and a 12 month high of $106.42. The firm has a market capitalization of $4.63 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.93 and a beta of 1.50. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the transaction, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the business’s 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 completion of the sale, the president now directly owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the sale, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

ASGN Company Profile

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.