ASGN (NYSE:ASGN) Issues Q4 Earnings Guidance

ASGN (NYSE:ASGN) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.18-1.24 for the period, compared to the consensus earnings per share estimate of $1.25. The company issued revenue guidance of $990 million -$1.01 billion, compared to the consensus revenue estimate of $1.01 billion. ASGN also updated its Q4 2024 guidance to 1.180-1.240 EPS.

Analyst Ratings Changes

ASGN has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of ASGN in a research report on Thursday, July 25th. Jefferies Financial Group decreased their target price on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $97.22.

ASGN Trading Up 0.4 %

Shares of ASGN stock traded up $0.40 during trading on Wednesday, hitting $93.06. The stock had a trading volume of 442,668 shares, compared to its average volume of 291,697. The stock has a market cap of $4.27 billion, a PE ratio of 21.54 and a beta of 1.40. ASGN has a 12 month low of $76.70 and a 12 month high of $106.42. The firm’s fifty day simple moving average is $93.57 and its 200-day simple moving average is $93.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $1.59 EPS. ASGN’s revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that ASGN will post 5.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the sale, the director now directly owns 11,645 shares of the company’s stock, valued at $1,077,278.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jonathan S. Holman sold 503 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total transaction of $45,496.35. Following the sale, the director now owns 10,821 shares of the company’s stock, valued at $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.