$1.50 Earnings Per Share Expected for ASGN Incorporated (NYSE:ASGN) This Quarter

Equities research analysts forecast that ASGN Incorporated (NYSE:ASGN – Get Rating) will report $1.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ASGN’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.57. ASGN reported earnings per share of $1.32 in the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that ASGN will report full year earnings of $6.19 per share for the current year, with EPS estimates ranging from $5.92 to $6.32. For the next year, analysts anticipate that the business will post earnings of $7.03 per share, with EPS estimates ranging from $6.67 to $7.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for ASGN.

ASGN (NYSE:ASGN – Get Rating) last issued its earnings results on Wednesday, April 27th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.19. ASGN had a return on equity of 16.94% and a net margin of 9.93%. During the same period in the previous year, the business earned $1.15 EPS.

Several brokerages have issued reports on ASGN. StockNews.com assumed coverage on ASGN in a research report on Thursday, March 31st. They set a “buy” rating for the company. Bank of America assumed coverage on shares of ASGN in a research note on Friday, March 11th. They issued a “buy” rating for the company. Truist Financial boosted their price objective on shares of ASGN from $130.00 to $150.00 in a research note on Tuesday, January 11th. TheStreet downgraded ASGN from a “b” rating to a “c+” rating in a research report on Monday, March 28th. Finally, Zacks Investment Research downgraded ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $129.00.

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its holdings in ASGN by 24.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,326 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 450 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of ASGN by 119.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock worth $697,000 after acquiring an additional 5,974 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of ASGN by 0.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 22,030 shares of the business services provider’s stock worth $2,492,000 after acquiring an additional 151 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of ASGN by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 51,246 shares of the business services provider’s stock worth $5,798,000 after acquiring an additional 235 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of ASGN by 1.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 115,799 shares of the business services provider’s stock worth $13,101,000 after acquiring an additional 1,771 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

ASGN opened at $110.78 on Thursday. The firm has a market cap of $5.72 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.43 and a beta of 2.01. ASGN has a 12 month low of $91.61 and a 12 month high of $131.89. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $112.44 and a 200 day moving average of $117.63.

ASGN Company Profile (Get Rating)

ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.

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