ASGN Incorporated (NYSE:ASGN) Expected to Announce Quarterly Sales of $1.05 Billion

Equities research analysts expect ASGN Incorporated (NYSE:ASGNGet Rating) to report $1.05 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for ASGN’s earnings. The lowest sales estimate is $1.04 billion and the highest is $1.07 billion. ASGN posted sales of $1.03 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that ASGN will report full year sales of $4.38 billion for the current year, with estimates ranging from $4.34 billion to $4.42 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.75 billion, with estimates ranging from $4.70 billion to $4.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ASGN.

ASGN (NYSE:ASGNGet Rating) last issued its earnings results on Wednesday, February 9th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. ASGN had a net margin of 9.93% and a return on equity of 16.94%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $1.31 EPS.

ASGN has been the subject of several recent research reports. TheStreet lowered shares of ASGN from a “b” rating to a “c+” rating in a research note on Monday, March 28th. Zacks Investment Research downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America initiated coverage on shares of ASGN in a research note on Friday, March 11th. They issued a “buy” rating on the stock. Truist Financial increased their price target on shares of ASGN from $130.00 to $150.00 in a research note on Tuesday, January 11th. Finally, StockNews.com began coverage on shares of ASGN in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $129.00.

A number of institutional investors have recently added to or reduced their stakes in ASGN. Amundi Pioneer Asset Management Inc. lifted its position in shares of ASGN by 119.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock worth $697,000 after purchasing an additional 5,974 shares in the last quarter. SG Americas Securities LLC lifted its position in ASGN by 10.3% during the third quarter. SG Americas Securities LLC now owns 29,503 shares of the business services provider’s stock worth $3,338,000 after purchasing an additional 2,767 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of ASGN by 6.1% in the third quarter. Stanley Laman Group Ltd. now owns 20,501 shares of the business services provider’s stock worth $2,319,000 after acquiring an additional 1,170 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of ASGN by 7.7% in the third quarter. Seizert Capital Partners LLC now owns 33,313 shares of the business services provider’s stock worth $3,769,000 after acquiring an additional 2,391 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of ASGN by 7.1% in the third quarter. TimesSquare Capital Management LLC now owns 730,000 shares of the business services provider’s stock worth $82,592,000 after acquiring an additional 48,395 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

NYSE ASGN traded up $3.37 on Friday, hitting $114.74. The stock had a trading volume of 3,911 shares, compared to its average volume of 214,724. The firm’s 50-day simple moving average is $111.51. The stock has a market cap of $5.92 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. ASGN has a one year low of $91.61 and a one year high of $131.89. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.90 and a current ratio of 2.90.

About ASGN (Get Rating)

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.

See Also

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

Earnings History and Estimates for ASGN (NYSE:ASGN)

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.