On Assignment, Inc. (ASGN) Updates Q3 Earnings Guidance
On Assignment, Inc. (NASDAQ:ASGN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.83-0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84. The company issued revenue guidance of $618-626 million, compared to the consensus revenue estimate of $624.53 million.
A number of brokerages have recently commented on ASGN. Zacks Investment Research lowered shares of On Assignment from a buy rating to a hold rating in a research report on Wednesday, June 8th. Deutsche Bank AG began coverage on shares of On Assignment in a research report on Wednesday, August 17th. They issued a buy rating and a $44.00 price objective on the stock. Finally, BMO Capital Markets reissued a buy rating and issued a $45.00 price objective on shares of On Assignment in a research report on Wednesday, September 7th.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 37.89 on Friday. The company has a market capitalization of $2.02 billion and a price-to-earnings ratio of 23.09. The firm’s 50-day moving average is $37.00 and its 200 day moving average is $36.76. On Assignment, Inc. has a 52-week low of $29.34 and a 52-week high of $51.00.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $608.10 million for the quarter, compared to analyst estimates of $600.12 million. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts anticipate that On Assignment, Inc. will post $3.11 earnings per share for the current year.
In other On Assignment news, COO Michael Mcgowan sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the sale, the chief operating officer now owns 213,106 shares of the company’s stock, valued at approximately $7,921,150.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in On Assignment by 1.4% in the second quarter. Rhumbline Advisers now owns 85,813 shares of the company’s stock worth $3,171,000 after buying an additional 1,172 shares in the last quarter. Raymond James & Associates increased its stake in shares of On Assignment by 5.7% in the second quarter. Raymond James & Associates now owns 46,493 shares of the company’s stock valued at $1,718,000 after buying an additional 2,494 shares during the period. Teachers Advisors Inc. increased its stake in shares of On Assignment by 320.9% in the second quarter. Teachers Advisors Inc. now owns 329,881 shares of the company’s stock valued at $12,189,000 after buying an additional 251,501 shares during the period. Miles Capital Inc. bought a new stake in shares of On Assignment during the second quarter valued at approximately $257,000. Finally, Lebenthal Holdings LLC increased its stake in shares of On Assignment by 0.7% in the second quarter. Lebenthal Holdings LLC now owns 59,044 shares of the company’s stock valued at $2,182,000 after buying an additional 424 shares during the period.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.