ASGN (ASGN) Set to Announce Earnings on Wednesday

ASGN (NYSE:ASGN) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect ASGN to post 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

ASGN (NYSE:ASGN) last released its quarterly earnings data 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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 earnings per share. 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 stock has a 50-day simple moving average of $99.25 and a 200 day simple moving average of $93.11. The company has a market capitalization of $4.63 billion, a PE ratio of 22.14, a P/E/G 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. ASGN has a 12 month low of $63.27 and a 12 month high of $106.42.

Wall Street Analysts Forecast Growth

ASGN has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on ASGN to $88.00 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 target price on shares of ASGN in a research note on Monday, January 8th. Truist Financial boosted their target price 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 target price on shares of ASGN in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets boosted their target price on ASGN to $110.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.50.

Insider Transactions at ASGN

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the transaction, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the 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 completion of the transaction, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total value of $730,525.26. Following the transaction, the president now directly owns 107,923 shares of the company’s stock, valued at $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

About ASGN

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.