On Assignment, Inc. Expected to Post Q3 2016 Earnings of $0.85 Per Share (ASGN)
On Assignment, Inc. (NASDAQ:ASGN) – Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for On Assignment in a report issued on Tuesday. Avondale Partners analyst R. Reece expects that the firm will post earnings per share of $0.85 for the quarter.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, June 16th. BMO Capital Markets reiterated a “buy” rating and issued a $45.00 price objective on shares of On Assignment in a report on Wednesday, September 7th. Finally, Deutsche Bank AG initiated coverage on On Assignment in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price objective on the stock.
Shares of On Assignment (NASDAQ:ASGN) traded up 0.08% during midday trading on Thursday, reaching $36.20. The company had a trading volume of 47,200 shares. The company has a market capitalization of $1.93 billion and a P/E ratio of 22.06. On Assignment has a 52 week low of $29.34 and a 52 week high of $51.00. The company’s 50 day moving average price is $37.12 and its 200-day moving average price is $36.95.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $608.10 million for the quarter, compared to the consensus estimate of $600.12 million. During the same period in the previous year, the business earned $0.61 EPS. On Assignment’s revenue for the quarter was up 25.3% compared to the same quarter last year.
Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its stake in shares of On Assignment by 118.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,226 shares of the company’s stock valued at $563,000 after buying an additional 8,253 shares during the period. Capstone Asset Management Co. increased its stake in shares of On Assignment by 11.6% in the second quarter. Capstone Asset Management Co. now owns 19,010 shares of the company’s stock valued at $702,000 after buying an additional 1,980 shares during the period. Eagle Boston Investment Management Inc. increased its stake in shares of On Assignment by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 422,583 shares of the company’s stock valued at $15,614,000 after buying an additional 11,191 shares during the period. Nordea Investment Management AB increased its stake in shares of On Assignment by 251.4% in the second quarter. Nordea Investment Management AB now owns 16,900 shares of the company’s stock valued at $624,000 after buying an additional 12,091 shares during the period. Finally, Copper Rock Capital Partners LLC bought a new stake in shares of On Assignment during the second quarter valued at $22,004,000.
In related news, CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total value of $868,044.56. Following the sale, the chief executive officer now owns 319,422 shares in the company, valued at approximately $11,780,283.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Mcgowan sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the sale, the chief operating officer now owns 213,106 shares in the company, valued at approximately $7,921,150.02. The disclosure for this sale can be found here.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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