$1.09 EPS Expected for ASGN Inc (ASGN) This Quarter
Equities research analysts expect ASGN Inc (NYSE:ASGN) to report earnings of $1.09 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ASGN’s earnings, with estimates ranging from $1.09 to $1.10. ASGN posted earnings of $0.83 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 24th.
On average, analysts expect that ASGN will report full year earnings of $4.14 per share for the current fiscal year, with EPS estimates ranging from $4.11 to $4.17. For the next financial year, analysts anticipate that the company will post earnings of $4.61 per share, with EPS estimates ranging from $4.50 to $4.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow ASGN.
ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, July 25th. The business services provider reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.06. ASGN had a net margin of 5.67% and a return on equity of 19.07%. The business had revenue of $878.50 million during the quarter, compared to the consensus estimate of $865.03 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year.
Shares of NYSE:ASGN traded up $1.60 on Wednesday, hitting $92.43. 2,603 shares of the company were exchanged, compared to its average volume of 283,709. ASGN has a 1-year low of $44.66 and a 1-year high of $94.25. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $4.76 billion, a P/E ratio of 29.94, a PEG ratio of 2.20 and a beta of 1.91.
In other ASGN news, CFO Edward L. Pierce sold 25,000 shares of ASGN stock in a transaction on Friday, August 17th. The shares were sold at an average price of $90.77, for a total value of $2,269,250.00. Following the completion of the transaction, the chief financial officer now owns 56,584 shares of the company’s stock, valued at $5,136,129.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Randolph C. Blazer sold 10,000 shares of ASGN stock in a transaction on Friday, July 27th. The shares were sold at an average price of $90.57, for a total transaction of $905,700.00. Following the completion of the transaction, the insider now directly owns 45,837 shares of the company’s stock, valued at approximately $4,151,457.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,687 shares of company stock valued at $4,630,186. 3.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. BNP Paribas Arbitrage SA purchased a new stake in shares of ASGN during the second quarter worth about $5,350,000. Pier 88 Investment Partners LLC purchased a new stake in shares of ASGN during the second quarter worth about $684,000. LS Investment Advisors LLC purchased a new stake in shares of ASGN during the second quarter worth about $281,000. Xact Kapitalforvaltning AB purchased a new stake in shares of ASGN during the second quarter worth about $659,000. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of ASGN during the second quarter worth about $154,000. 94.73% of the stock is owned by institutional investors.
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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