Wall Street analysts predict that On Assignment, Inc. (NYSE:ASGN) will post earnings per share of $1.07 for the current quarter, Zacks reports. Three analysts have provided estimates for On Assignment’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.10. On Assignment reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year-over-year growth rate of 37.2%. The firm is expected to report its next earnings report on Wednesday, July 25th.

According to Zacks, analysts expect that On Assignment will report full year earnings of $4.10 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.25. For the next financial year, analysts forecast that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.53 to $4.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow On Assignment.

On Assignment (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. The company had revenue of $685.20 million for the quarter, compared to the consensus estimate of $677.66 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. On Assignment’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS.

Several research firms have commented on ASGN. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Wednesday. ValuEngine upgraded On Assignment from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. BMO Capital Markets lifted their price target on On Assignment from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Wells Fargo set a $92.00 price target on On Assignment and gave the company a “buy” rating in a report on Monday, April 2nd. Finally, SunTrust Banks lifted their price target on On Assignment to $88.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. On Assignment currently has a consensus rating of “Buy” and an average price target of $79.86.

ASGN opened at $82.38 on Monday. The firm has a market cap of $4,275.82, a price-to-earnings ratio of 27.01, a PEG ratio of 2.00 and a beta of 1.89. On Assignment has a 52 week low of $44.66 and a 52 week high of $86.13. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58.

In other news, Director Marty R. Kittrell sold 2,000 shares of On Assignment stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total value of $152,480.00. Following the transaction, the director now directly owns 4,946 shares in the company, valued at approximately $377,083.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Randolph C. Blazer sold 10,000 shares of On Assignment stock in a transaction on Monday, February 26th. The shares were sold at an average price of $78.73, for a total value of $787,300.00. Following the completion of the transaction, the insider now owns 55,837 shares in the company, valued at $4,396,047.01. The disclosure for this sale can be found here. Insiders sold a total of 121,100 shares of company stock worth $9,428,677 over the last quarter. Company insiders own 5.40% of the company’s stock.

Several large investors have recently made changes to their positions in ASGN. BlueCrest Capital Management Ltd acquired a new stake in shares of On Assignment in the 4th quarter worth $490,000. BlackRock Inc. boosted its position in shares of On Assignment by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock worth $391,925,000 after purchasing an additional 30,089 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of On Assignment by 17.8% in the 4th quarter. Flinton Capital Management LLC now owns 6,528 shares of the business services provider’s stock worth $420,000 after purchasing an additional 986 shares in the last quarter. First Trust Advisors LP boosted its position in shares of On Assignment by 315.7% in the 4th quarter. First Trust Advisors LP now owns 54,801 shares of the business services provider’s stock worth $3,522,000 after purchasing an additional 41,617 shares in the last quarter. Finally, Aurora Investment Counsel acquired a new stake in shares of On Assignment in the 4th quarter worth $268,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

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About On Assignment

ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.

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Earnings History and Estimates for On Assignment (NYSE:ASGN)

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