Somewhat Positive News Coverage Somewhat Unlikely to Affect On Assignment (ASGN) Stock Price
Headlines about On Assignment (NYSE:ASGN) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. On Assignment earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.2683042391619 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Brokerages Expect On Assignment, Inc. (ASGN) Will Announce Quarterly Sales of $664.08 Million (americanbankingnews.com)
- On Assignment (ASGN) Earns Buy Rating from SunTrust Banks (americanbankingnews.com)
- CyberCoders lists top IT, accounting and construction skills (www2.staffingindustry.com)
- Analysts Expect On Assignment, Inc. (ASGN) to Post $0.76 Earnings Per Share (americanbankingnews.com)
- On Assignment, Inc. (ASGN) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
A number of research analysts have recently commented on ASGN shares. BidaskClub cut shares of On Assignment from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Robert W. Baird reissued a “hold” rating and issued a $53.00 target price on shares of On Assignment in a report on Sunday, September 3rd. Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 target price on shares of On Assignment in a report on Friday, October 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $61.00 target price on shares of On Assignment in a report on Sunday, October 15th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. On Assignment has a consensus rating of “Buy” and a consensus target price of $62.60.
On Assignment (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $667.05 million during the quarter, compared to analyst estimates of $660.90 million. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. analysts predict that On Assignment will post 2.97 EPS for the current year.
In other On Assignment news, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the completion of the transaction, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter T. Dameris sold 24,911 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $59.13, for a total transaction of $1,472,987.43. Following the transaction, the chief executive officer now owns 100,086 shares of the company’s stock, valued at approximately $5,918,085.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,285 shares of company stock valued at $31,105,517. 5.40% of the stock is owned by company insiders.
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On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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