Wall Street analysts forecast that ASGN Inc (NYSE:ASGN) will report earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ASGN’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.69. ASGN posted earnings per share of $1.10 during the same quarter last year, which indicates a negative year over year growth rate of 25.5%. The business is expected to issue its next quarterly earnings report on Wednesday, July 22nd.

According to Zacks, analysts expect that ASGN will report full year earnings of $3.86 per share for the current year, with EPS estimates ranging from $3.37 to $4.20. For the next financial year, analysts anticipate that the business will post earnings of $4.39 per share, with EPS estimates ranging from $3.76 to $5.24. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ASGN.

ASGN (NYSE:ASGN) last issued its earnings results on Thursday, April 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.24. The business had revenue of $990.50 million during the quarter, compared to analysts’ expectations of $943.04 million. ASGN had a return on equity of 18.89% and a net margin of 4.60%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS.

Several research analysts have weighed in on the company. BMO Capital Markets dropped their target price on ASGN from $78.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Robert W. Baird raised their price objective on ASGN from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Co restated a “buy” rating and set a $60.00 target price (up previously from $57.00) on shares of ASGN in a research report on Friday, May 1st. SunTrust Banks raised their target price on ASGN from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Royal Bank of Canada raised their target price on ASGN from $54.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $62.38.

ASGN stock traded up $1.04 during mid-day trading on Tuesday, hitting $66.68. The company’s stock had a trading volume of 387,724 shares, compared to its average volume of 412,830. The firm’s 50 day moving average is $61.39 and its 200 day moving average is $56.64. The company has a market cap of $3.44 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.93 and a beta of 2.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.19 and a quick ratio of 2.19. ASGN has a 52-week low of $29.04 and a 52-week high of $72.66.

In other news, Director Jonathan S. Holman sold 500 shares of ASGN stock in a transaction on Friday, May 8th. The stock was sold at an average price of $54.42, for a total value of $27,210.00. Following the completion of the sale, the director now directly owns 14,005 shares of the company’s stock, valued at approximately $762,152.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan S. Holman sold 1,197 shares of ASGN stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $52.20, for a total value of $62,483.40. Following the completion of the sale, the director now directly owns 14,005 shares of the company’s stock, valued at $731,061. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,151 shares of company stock valued at $2,403,163. Corporate insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASGN. Bartlett & Co. LLC acquired a new stake in shares of ASGN in the 1st quarter valued at $26,000. CWM LLC acquired a new stake in shares of ASGN in the 1st quarter valued at $35,000. Synovus Financial Corp acquired a new stake in shares of ASGN in the 1st quarter valued at $37,000. Nisa Investment Advisors LLC increased its stake in shares of ASGN by 113.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,600 shares of the business services provider’s stock valued at $57,000 after buying an additional 850 shares during the period. Finally, Pendal Group Ltd acquired a new stake in shares of ASGN in the 1st quarter valued at $82,000. 90.53% of the stock is owned by institutional investors.

About ASGN

ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions.

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Earnings History and Estimates for ASGN (NYSE:ASGN)

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