Wall Street brokerages expect ASGN Inc (NYSE:ASGN) to report earnings of $1.15 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for ASGN’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.14. ASGN reported earnings of $0.85 per share in the same quarter last year, which suggests a positive year over year growth rate of 35.3%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, February 13th.

On average, analysts expect that ASGN will report full-year earnings of $4.39 per share for the current financial year, with EPS estimates ranging from $4.38 to $4.41. For the next financial year, analysts anticipate that the firm will report earnings of $4.67 per share, with EPS estimates ranging from $4.62 to $4.71. Zacks’ EPS calculations are an average based on a survey of research analysts that cover ASGN.

ASGN has been the topic of a number of recent research reports. Bank of America initiated coverage on ASGN in a report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 price objective on the stock. Wells Fargo & Co reduced their target price on ASGN from $96.00 to $82.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. BMO Capital Markets boosted their target price on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. Robert W. Baird reduced their target price on ASGN from $91.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, Credit Suisse Group reduced their target price on ASGN from $92.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. ASGN currently has a consensus rating of “Buy” and an average price target of $75.43.

In other ASGN news, CEO Peter T. Dameris bought 15,000 shares of ASGN stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $65.92 per share, with a total value of $988,800.00. Following the acquisition, the chief executive officer now directly owns 118,580 shares of the company’s stock, valued at $7,816,793.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George H. Wilson bought 3,700 shares of ASGN stock in a transaction dated Wednesday, November 14th. The stock was acquired at an average cost of $66.76 per share, for a total transaction of $247,012.00. Following the completion of the acquisition, the insider now directly owns 3,700 shares in the company, valued at $247,012. The disclosure for this purchase can be found here. 3.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates bought a new position in ASGN during the 2nd quarter worth about $385,000. Tower Research Capital LLC TRC acquired a new stake in ASGN in the 2nd quarter valued at about $122,000. California Public Employees Retirement System acquired a new stake in ASGN in the 2nd quarter valued at about $7,363,000. Bank of New York Mellon Corp acquired a new stake in ASGN in the 2nd quarter valued at about $57,585,000. Finally, FMR LLC acquired a new stake in ASGN in the 2nd quarter valued at about $117,721,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE ASGN opened at $62.91 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.14 and a beta of 2.02. ASGN has a 1-year low of $51.05 and a 1-year high of $94.25.

About ASGN

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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