ASGN (NYSE:ASGN) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

ASGN (NYSE:ASGN) issued its quarterly earnings results on Wednesday. The business services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07, Zacks reports. ASGN had a net margin of 4.37% and a return on equity of 13.65%. ASGN updated its Q1 2025 guidance to 0.910-0.970 EPS.

ASGN Trading Up 0.9 %

Shares of NYSE ASGN traded up $0.77 during trading on Wednesday, reaching $87.77. The company had a trading volume of 588,224 shares, compared to its average volume of 346,692. ASGN has a 12 month low of $82.04 and a 12 month high of $106.42. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.88 billion, a P/E ratio of 22.22 and a beta of 1.38. The company’s fifty day moving average price is $87.96 and its 200-day moving average price is $91.28.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. StockNews.com lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets upgraded ASGN from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $96.00 to $100.00 in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, ASGN currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Insider Buying and Selling

In other ASGN news, CEO Theodore S. Hanson sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $99.64, for a total value of $119,568.00. Following the transaction, the chief executive officer now directly owns 288,855 shares of the company’s stock, valued at approximately $28,781,512.20. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

About ASGN

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.