ASGN Inc (NYSE:ASGN) – Equities research analysts at SunTrust Banks increased their Q1 2020 earnings per share estimates for shares of ASGN in a report released on Wednesday, February 12th. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will earn $1.04 per share for the quarter, up from their prior estimate of $1.01. SunTrust Banks also issued estimates for ASGN’s Q2 2020 earnings at $1.26 EPS, Q3 2020 earnings at $1.41 EPS, Q4 2020 earnings at $1.34 EPS, Q1 2021 earnings at $1.11 EPS, Q2 2021 earnings at $1.39 EPS, Q3 2021 earnings at $1.50 EPS, Q4 2021 earnings at $1.43 EPS and FY2021 earnings at $5.43 EPS.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded ASGN from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Credit Suisse Group upped their price target on ASGN from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird upped their price target on ASGN from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday. ValuEngine upgraded ASGN from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Wells Fargo & Co upped their price target on ASGN from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $75.57.

Shares of ASGN stock opened at $64.71 on Friday. ASGN has a 12 month low of $50.33 and a 12 month high of $72.66. The firm has a market cap of $3.60 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.50 and a beta of 2.01. The stock has a 50 day moving average of $69.75 and a 200-day moving average of $65.37. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.79.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. Benjamin F. Edwards & Company Inc. increased its position in shares of ASGN by 526.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 677 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 569 shares during the period. Parkside Financial Bank & Trust grew its position in ASGN by 29.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 683 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 156 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ASGN in the third quarter valued at $49,000. Nisa Investment Advisors LLC grew its position in ASGN by 59.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 750 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 280 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in ASGN by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,284 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 92.00% of the company’s stock.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Earnings History and Estimates for ASGN (NYSE:ASGN)

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