ASGN (ASGN) to Release Earnings on Wednesday

by · The Cerbat Gem

ASGN (NYSE:ASGN – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.35 per share for the quarter. ASGN has set its Q3 guidance at $1.31-$1.39 EPS and its Q3 2024 guidance at 1.310-1.390 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

ASGN (NYSE:ASGN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $1.59 EPS. The company’s revenue was down 8.5% on a year-over-year basis. On average, analysts expect ASGN to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ASGN Trading Down 2.4 %

ASGN stock opened at $93.12 on Tuesday. The company has a 50 day moving average price of $93.49 and a 200 day moving average price of $94.01. ASGN has a 52 week low of $76.70 and a 52 week high of $106.42. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.56 and a beta of 1.40.

Wall Street Analysts Forecast Growth

ASGN has been the subject of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday, July 25th. Jefferies Financial Group cut their target price on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.22.

Get Our Latest Research Report on ASGN

Insider Activity

In other news, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $92.51, for a total transaction of $185,020.00. Following the transaction, the director now owns 11,645 shares in the company, valued at approximately $1,077,278.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction on Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan S. Holman sold 503 shares of ASGN stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the transaction, the director now owns 10,821 shares in the company, valued at $978,759.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

About ASGN

(Get Free Report)

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.

Further Reading