Equities research analysts predict that On Assignment, Inc. (NYSE:ASGN) will announce $678.40 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for On Assignment’s earnings, with the lowest sales estimate coming in at $676.00 million and the highest estimate coming in at $681.62 million. On Assignment posted sales of $626.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that On Assignment will report full year sales of $678.40 million for the current financial year, with estimates ranging from $2.79 billion to $2.83 billion. For the next year, analysts anticipate that the firm will post sales of $2.98 billion per share, with estimates ranging from $2.97 billion to $3.00 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow On Assignment.
On Assignment (NYSE:ASGN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $0.76 by $0.68. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The business had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.
Shares of On Assignment stock opened at $85.53 on Thursday. On Assignment has a 1 year low of $44.66 and a 1 year high of $86.13. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.58. The company has a market cap of $4,398.95, a PE ratio of 28.70, a P/E/G ratio of 2.24 and a beta of 2.03.
In other On Assignment news, Director Edwin A. Sheridan sold 22,404 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $77.64, for a total value of $1,739,446.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Randolph C. Blazer sold 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $78.73, for a total transaction of $787,300.00. Following the completion of the transaction, the insider now owns 55,837 shares in the company, valued at $4,396,047.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,265 shares of company stock worth $9,440,062. 5.40% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. FDx Advisors Inc. lifted its holdings in shares of On Assignment by 8.8% during the 4th quarter. FDx Advisors Inc. now owns 9,328 shares of the business services provider’s stock worth $600,000 after acquiring an additional 755 shares during the period. AlphaOne Investment Services LLC lifted its holdings in shares of On Assignment by 0.8% during the 4th quarter. AlphaOne Investment Services LLC now owns 99,436 shares of the business services provider’s stock worth $6,391,000 after acquiring an additional 773 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of On Assignment by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after acquiring an additional 857 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of On Assignment by 4.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock worth $1,350,000 after acquiring an additional 900 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in shares of On Assignment by 17.8% during the 4th quarter. Flinton Capital Management LLC now owns 6,528 shares of the business services provider’s stock worth $420,000 after acquiring an additional 986 shares during the period. Institutional investors own 93.95% of the company’s stock.
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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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