On Assignment (ASGN) Announces Quarterly Earnings Results
On Assignment (NYSE:ASGN) issued its quarterly earnings data on Monday. The business services provider reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.68, Bloomberg Earnings reports. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business had revenue of $679.04 million during the quarter, compared to analyst estimates of $671.35 million. During the same period last year, the business posted $0.64 earnings per share. On Assignment’s quarterly revenue was up 9.4% compared to the same quarter last year.
Shares of On Assignment (NYSE:ASGN) traded up $1.41 on Wednesday, reaching $74.26. 345,928 shares of the company’s stock traded hands, compared to its average volume of 302,294. On Assignment has a twelve month low of $43.83 and a twelve month high of $77.68. The stock has a market capitalization of $3,742.47, a price-to-earnings ratio of 34.54, a PEG ratio of 1.98 and a beta of 2.11. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.
Several brokerages have commented on ASGN. Wells Fargo & Co raised their price objective on shares of On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks raised their price objective on shares of On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. BMO Capital Markets raised their price objective on shares of On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.86.
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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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