Equities research analysts forecast that ASGN Inc (NYSE:ASGN) will report earnings of $1.23 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for ASGN’s earnings, with estimates ranging from $1.22 to $1.24. ASGN reported earnings of $1.30 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.4%. The business is scheduled to announce its next earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that ASGN will report full year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $4.60. For the next financial year, analysts forecast that the business will report earnings of $5.00 per share, with EPS estimates ranging from $4.62 to $5.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow ASGN.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The company had revenue of $972.30 million for the quarter, compared to analyst estimates of $972.24 million. ASGN had a net margin of 4.64% and a return on equity of 19.56%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 earnings per share.

A number of research firms have weighed in on ASGN. Credit Suisse Group decreased their price objective on ASGN from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Royal Bank of Canada set a $76.00 price objective on ASGN and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine raised ASGN from a “strong sell” rating to a “sell” rating in a report on Friday, June 7th. Finally, SunTrust Banks decreased their price objective on ASGN to $84.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.00.

Several large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its stake in shares of ASGN by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,740 shares of the business services provider’s stock valued at $590,000 after acquiring an additional 170 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of ASGN by 16.8% in the first quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 180 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of ASGN by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the business services provider’s stock valued at $895,000 after acquiring an additional 200 shares during the last quarter. Chatham Capital Group Inc. raised its stake in shares of ASGN by 0.7% in the first quarter. Chatham Capital Group Inc. now owns 36,015 shares of the business services provider’s stock valued at $2,287,000 after acquiring an additional 263 shares during the last quarter. Finally, Miles Capital Inc. raised its stake in shares of ASGN by 6.7% in the second quarter. Miles Capital Inc. now owns 4,608 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 288 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

NYSE ASGN traded up $0.15 during trading on Thursday, reaching $59.39. 224,800 shares of the company traded hands, compared to its average volume of 321,529. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.20 and a current ratio of 2.14. The stock has a 50 day moving average price of $60.31. The firm has a market capitalization of $3.20 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.98. ASGN has a 1-year low of $50.33 and a 1-year high of $93.82.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

Further Reading: What is the Quick Ratio?

Get a free copy of the Zacks research report on ASGN (ASGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ASGN (NYSE:ASGN)

Receive News & Ratings for ASGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASGN and related companies with MarketBeat.com's FREE daily email newsletter.