ASGN Incorporated (NYSE:ASGN – Get Rating) – Research analysts at Jefferies Financial Group decreased their Q2 2023 earnings per share (EPS) estimates for ASGN in a research report issued on Thursday, April 27th. Jefferies Financial Group analyst S. Think now anticipates that the business services provider will earn $1.50 per share for the quarter, down from their prior forecast of $1.68. The consensus estimate for ASGN’s current full-year earnings is $6.32 per share. Jefferies Financial Group also issued estimates for ASGN’s Q3 2023 earnings at $1.52 EPS, Q4 2023 earnings at $1.53 EPS, Q1 2024 earnings at $1.61 EPS, Q2 2024 earnings at $1.69 EPS, Q3 2024 earnings at $1.78 EPS, Q4 2024 earnings at $1.76 EPS and FY2025 earnings at $7.98 EPS.
ASGN (NYSE:ASGN – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). ASGN had a return on equity of 17.18% and a net margin of 5.43%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $1.57 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year.
Other analysts also recently issued reports about the company. Truist Financial decreased their price objective on ASGN from $110.00 to $102.00 in a report on Thursday. Robert W. Baird decreased their price target on ASGN from $103.00 to $87.00 in a report on Friday. Bank of America downgraded ASGN from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $109.00 to $66.00 in a report on Thursday. StockNews.com began coverage on ASGN in a report on Thursday, March 16th. They set a “hold” rating for the company. Finally, BMO Capital Markets decreased their price target on ASGN from $84.00 to $81.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.83.
ASGN Stock Up 0.9 %
Shares of ASGN opened at $71.59 on Friday. ASGN has a 52 week low of $64.94 and a 52 week high of $119.21. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a fifty day moving average of $81.94 and a 200-day moving average of $85.65.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ASGN. Captrust Financial Advisors boosted its holdings in shares of ASGN by 16.0% during the second quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider’s stock worth $178,000 after purchasing an additional 273 shares during the period. SG Americas Securities LLC increased its position in shares of ASGN by 311.6% during the first quarter. SG Americas Securities LLC now owns 54,590 shares of the business services provider’s stock valued at $4,513,000 after acquiring an additional 41,327 shares in the last quarter. Reinhart Partners Inc. bought a new stake in shares of ASGN during the first quarter valued at approximately $19,138,000. Eagle Bay Advisors LLC increased its position in shares of ASGN by 56.7% during the first quarter. Eagle Bay Advisors LLC now owns 1,384 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 501 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of ASGN by 1.0% in the fourth quarter. Amalgamated Bank now owns 35,101 shares of the business services provider’s stock worth $2,860,000 after acquiring an additional 345 shares during the period. Institutional investors own 95.20% of the company’s stock.
Insider Buying and Selling at ASGN
In other ASGN news, SVP Jennifer Hankes Painter sold 3,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $92.00, for a total transaction of $276,000.00. Following the sale, the senior vice president now owns 37,794 shares of the company’s stock, valued at approximately $3,477,048. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
ASGN, Inc. engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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.