ASGN (NYSE:ASGN – Get Free Report) announced its quarterly earnings results on Wednesday. The business services provider reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16, Briefing.com reports. ASGN had a net margin of 4.93% and a return on equity of 15.52%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.38 earnings per share. ASGN’s revenue was down 7.1% compared to the same quarter last year. ASGN updated its Q2 guidance to $1.28-1.36 EPS and its Q2 2024 guidance to 1.280-1.360 EPS.
ASGN Stock Down 1.7 %
NYSE:ASGN traded down $1.78 on Thursday, hitting $100.33. 191,810 shares of the company’s stock traded hands, compared to its average volume of 241,853. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.67 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 4.05 and a beta of 1.50. The firm has a 50-day moving average price of $99.56 and a 200-day moving average price of $93.32. ASGN has a 1 year low of $63.27 and a 1 year high of $106.42.
Insider Activity at ASGN
In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was 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 approximately $10,178,218.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the sale, the president now owns 107,923 shares of the company’s stock, valued at $10,178,218.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on ASGN
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.
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