On Assignment, Inc. Expected to Post Q3 2016 Earnings of $0.85 Per Share (ASGN)
On Assignment, Inc. (NASDAQ:ASGN) – Analysts at Avondale Partners issued their Q3 2016 earnings per share estimates for shares of On Assignment in a research report issued on Tuesday. Avondale Partners analyst R. Reece expects that the firm will earn $0.85 per share for the quarter.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The business earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same period in the previous year, the business posted $0.61 earnings per share. On Assignment’s revenue was up 25.3% compared to the same quarter last year.
A number of other research firms have also recently issued reports on ASGN. Deutsche Bank AG started coverage on shares of On Assignment in a research report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating and set a $45.00 price objective on shares of On Assignment in a research report on Wednesday, September 7th. Finally, Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, June 22nd.
Shares of On Assignment (NASDAQ:ASGN) traded up 0.08% during trading on Thursday, reaching $36.20. 47,200 shares of the company’s stock were exchanged. On Assignment has a 52-week low of $29.34 and a 52-week high of $51.00. The stock’s 50 day moving average price is $37.12 and its 200-day moving average price is $36.95. The stock has a market cap of $1.93 billion and a PE ratio of 22.06.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in On Assignment by 751.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,748 shares of the company’s stock worth $138,000 after buying an additional 3,308 shares in the last quarter. Victory Capital Management Inc. raised its stake in On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock worth $143,000 after buying an additional 1,105 shares in the last quarter. Amalgamated Bank raised its stake in On Assignment by 7.3% in the second quarter. Amalgamated Bank now owns 5,847 shares of the company’s stock worth $211,000 after buying an additional 400 shares in the last quarter. PineBridge Investments L.P. raised its stake in On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock worth $225,000 after buying an additional 244 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in On Assignment during the second quarter worth approximately $255,000.
In other On Assignment news, COO Michael Mcgowan sold 4,000 shares of the business’s 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 sale, the chief operating officer now directly 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 available at this hyperlink. Also, CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total transaction of $868,044.56. Following the sale, the chief executive officer now directly owns 319,422 shares in the company, valued at $11,780,283.36. The disclosure for this sale can be found here.
On Assignment Company Profile
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.
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