On Assignment (ASGN) Issues Q1 Earnings Guidance

On Assignment (NYSE:ASGN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.74-0.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $672-682 million, compared to the consensus revenue estimate of $673.66 million.

On Assignment (NYSE:ASGN) traded down $1.36 during mid-day trading on Thursday, hitting $72.90. 34,665 shares of the company were exchanged, compared to its average volume of 293,005. On Assignment has a 52-week low of $44.66 and a 52-week high of $77.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market cap of $3,789.29, a PE ratio of 34.54, a PEG ratio of 2.01 and a beta of 2.11.

On Assignment (NYSE:ASGN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same period in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts predict that On Assignment will post 2.97 earnings per share for the current fiscal year.

A number of equities analysts recently commented on ASGN shares. Royal Bank of Canada reaffirmed a buy rating on shares of On Assignment in a research note on Friday, October 20th. Deutsche Bank lifted their price target on shares of On Assignment from $57.00 to $60.00 and gave the stock a buy rating in a research note on Thursday, October 26th. BMO Capital Markets lifted their price target on shares of On Assignment from $61.00 to $62.00 and gave the stock an outperform rating in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a hold rating and set a $59.00 price target on shares of On Assignment in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of On Assignment from a hold rating to a buy rating and set a $67.00 price target for the company in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. On Assignment has a consensus rating of Buy and a consensus price target of $72.86.

In other On Assignment news, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the sale, the director now directly owns 392,930 shares of the company’s stock, valued at approximately $25,147,520. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the sale, the senior vice president now directly owns 10,667 shares of the company’s stock, valued at $672,661.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,915 shares of company stock valued at $1,528,095. 5.40% of the stock is owned by corporate insiders.

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On Assignment Company Profile

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

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