$1.09 EPS Expected for ASGN Inc (ASGN) This Quarter
Brokerages expect that ASGN Inc (NYSE:ASGN) will announce earnings of $1.09 per share for the current quarter, Zacks 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 indicates a positive year over year growth rate of 31.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that ASGN will report full year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.11 to $4.17. For the next year, analysts forecast that the firm will report earnings of $4.61 per share, with EPS estimates ranging from $4.50 to $4.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for ASGN.
ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, July 25th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 34.5% on a year-over-year basis.
Shares of ASGN stock traded down $0.56 during mid-day trading on Friday, reaching $90.90. 201,107 shares of the company’s stock traded hands, compared to its average volume of 322,428. ASGN has a 12 month low of $44.66 and a 12 month high of $94.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.28 and a quick ratio of 3.02. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.21 and a beta of 1.91.
In related news, CEO Peter T. Dameris sold 18,750 shares of ASGN stock in a transaction on Monday, May 14th. The shares were sold at an average price of $82.44, for a total transaction of $1,545,750.00. Following the transaction, the chief executive officer now owns 151,621 shares in the company, valued at approximately $12,499,635.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Theodore S. Hanson sold 12,409 shares of ASGN stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $92.85, for a total transaction of $1,152,175.65. Following the transaction, the insider now owns 238,623 shares in the company, valued at approximately $22,156,145.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,437 shares of company stock worth $4,075,926. 3.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new stake in ASGN in the 2nd quarter worth $906,000. ClariVest Asset Management LLC purchased a new stake in ASGN in the 2nd quarter worth $4,300,000. Employees Retirement System of Texas purchased a new stake in ASGN in the 2nd quarter worth $1,798,000. Federated Investors Inc. PA purchased a new stake in ASGN in the 2nd quarter worth $18,866,000. Finally, MUFG Americas Holdings Corp purchased a new stake in ASGN in the 2nd quarter worth $2,346,000. Institutional investors and hedge funds own 81.85% of the company’s stock.
ASGN Company Profile
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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