ASGN (NYSE:EFOR) Issues Q3 2026 Earnings Guidance

ASGN (NYSE:EFOR) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.920-1.100 for the period, compared to the consensus earnings per share estimate of 1.000. The company issued revenue guidance of $994.0M-$1.0 billion, compared to the consensus revenue estimate of $999.5 million.

ASGN Stock Up 0.9%

EFOR stock traded up $0.20 during midday trading on Wednesday, hitting $23.45. 1,523,163 shares of the company traded hands, compared to its average volume of 1,050,318. ASGN has a twelve month low of $16.90 and a twelve month high of $54.94. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The firm’s 50 day simple moving average is $19.42. The company has a market cap of $963.79 million, a PE ratio of 10.38 and a beta of 0.52.

ASGN (NYSE:EFOR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.95 million. ASGN had a net margin of 2.46% and a return on equity of 10.30%. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Equities research analysts forecast that ASGN will post 3.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EFOR shares. Wells Fargo & Company dropped their price objective on ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Truist Financial raised ASGN from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird dropped their target price on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $29.83.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in ASGN by 190.8% in the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after acquiring an additional 912 shares in the last quarter. Horizon Investments LLC acquired a new position in shares of ASGN during the third quarter worth approximately $515,000. Russell Investments Group Ltd. grew its stake in shares of ASGN by 96.9% during the third quarter. Russell Investments Group Ltd. now owns 30,497 shares of the company’s stock valued at $1,444,000 after purchasing an additional 15,011 shares during the last quarter. Finally, New South Capital Management Inc. grew its stake in shares of ASGN by 39.2% during the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after purchasing an additional 178,895 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.