ASGN (NYSE:EFOR) Releases Q3 2026 Earnings Guidance

ASGN (NYSE:EFOR) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.920-1.100 for the period, compared to the consensus EPS estimate of 1.000. The company issued revenue guidance of $994.0M-$1.0 billion, compared to the consensus revenue estimate of $999.5 million.

ASGN Trading Up 0.9%

NYSE EFOR traded up $0.20 on Wednesday, reaching $23.45. The company’s stock had a trading volume of 1,523,163 shares, compared to its average volume of 942,966. ASGN has a 52 week low of $16.90 and a 52 week high of $54.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $963.79 million, a price-to-earnings ratio of 5.38 and a beta of 0.52. The company’s 50-day moving average price is $19.52.

ASGN (NYSE:EFOR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.95 million. ASGN had a return on equity of 10.30% and a net margin of 2.46%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Analysts anticipate that ASGN will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EFOR shares. Truist Financial raised shares of ASGN from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research report on Wednesday, July 22nd. BMO Capital Markets cut shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded shares of ASGN from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $22.00 in a research note on Friday, May 29th. Robert W. Baird dropped their price target on ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, UBS Group lowered their target price on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, ASGN currently has a consensus rating of “Reduce” and an average target price of $29.83.

Institutional Trading of ASGN

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of ASGN by 106.4% during the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock worth $3,032,000 after buying an additional 32,437 shares in the last quarter. New South Capital Management Inc. grew its holdings in shares of ASGN by 39.2% in the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after acquiring an additional 178,895 shares in the last quarter. Horizon Investments LLC purchased a new stake in shares of ASGN during the 3rd quarter valued at $515,000. Finally, Parallel Advisors LLC raised its stake in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after purchasing an additional 912 shares during the period. 95.36% of the stock is currently owned by institutional investors.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.