Brokerages Expect ASGN Inc (NYSE:ASGN) to Announce $1.23 EPS

Share on StockTwits

Wall Street brokerages forecast that ASGN Inc (NYSE:ASGN) will post $1.23 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for ASGN’s earnings. ASGN posted earnings of $1.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The company is scheduled to announce its next earnings report on Wednesday, February 12th.

On average, analysts expect that ASGN will report full-year earnings of $4.57 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $5.02 per share, with EPS estimates ranging from $4.85 to $5.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for ASGN.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.08. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $998.20 million. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS.

A number of analysts have recently issued reports on the company. ValuEngine cut ASGN from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Wells Fargo & Co boosted their price objective on ASGN from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, Zacks Investment Research upgraded ASGN from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. ASGN presently has a consensus rating of “Buy” and an average price target of $74.14.

NYSE ASGN traded down $0.61 during trading on Tuesday, hitting $69.99. The company’s stock had a trading volume of 127,283 shares, compared to its average volume of 237,446. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $69.57 and a 200 day moving average price of $64.13. The firm has a market cap of $3.73 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.93. ASGN has a 52 week low of $50.33 and a 52 week high of $72.66.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its position in shares of ASGN by 0.5% during the third quarter. Texas Permanent School Fund now owns 36,006 shares of the business services provider’s stock valued at $2,263,000 after purchasing an additional 172 shares during the period. Private Capital Group LLC increased its position in shares of ASGN by 47.2% during the second quarter. Private Capital Group LLC now owns 802 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 257 shares during the period. Nisa Investment Advisors LLC increased its position in shares of ASGN by 59.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 750 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ASGN by 14.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,284 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 412 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of ASGN by 526.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 677 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 91.48% of the company’s stock.

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: Dividend Aristocrat Index

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

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.