Q2 2024 EPS Estimates for ASGN Incorporated Decreased by William Blair (NYSE:ASGN)

ASGN Incorporated (NYSE:ASGN) – Investment analysts at William Blair cut their Q2 2024 earnings per share estimates for shares of ASGN in a research note issued on Thursday, April 25th. William Blair analyst M. Nolan now expects that the business services provider will post earnings of $1.32 per share for the quarter, down from their previous forecast of $1.51. The consensus estimate for ASGN’s current full-year earnings is $5.79 per share. William Blair also issued estimates for ASGN’s Q4 2024 earnings at $1.27 EPS, Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $1.52 EPS, Q3 2025 earnings at $1.69 EPS and Q4 2025 earnings at $1.51 EPS.

ASGN has been the topic of a number of other reports. Canaccord Genuity Group reissued a “buy” rating and issued a $110.00 price objective on shares of ASGN in a research note on Wednesday, January 3rd. Bank Of America (Bofa) reissued an “underweight” rating and issued a $70.00 price objective on shares of ASGN in a research note on Monday, January 8th. Jefferies Financial Group raised their price objective on ASGN to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Truist Financial lifted their price target on ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets lifted their price target on ASGN to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.20.

ASGN Stock Down 3.3 %

Shares of ASGN stock opened at $98.74 on Friday. The stock’s 50 day simple moving average is $99.59 and its 200 day simple moving average is $93.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 2.47. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 4.10 and a beta of 1.50.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.16. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. ASGN had a return on equity of 14.81% and a net margin of 4.76%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS.

Insider Activity

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the transaction, the senior vice president now owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the completion of the sale, the president now directly owns 107,923 shares in the company, valued at $10,178,218.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the completion of the sale, the senior vice president now owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in ASGN by 38.5% in the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 171 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of ASGN by 19.5% during the 3rd quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock worth $444,000 after acquiring an additional 887 shares during the period. Meadow Creek Wealth Advisors LLC bought a new position in shares of ASGN during the 1st quarter worth approximately $512,000. SG Americas Securities LLC boosted its stake in shares of ASGN by 8.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after acquiring an additional 1,193 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of ASGN by 3.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after acquiring an additional 3,787 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.