ASGN (NYSE:EFOR) Releases Q3 2026 Earnings Guidance

ASGN (NYSE:EFOR) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.920-1.100 for the period, compared to the consensus estimate of 1.000. The company issued revenue guidance of $994.0M-$1.0 billion, compared to the consensus revenue estimate of $999.5 million.

ASGN Price Performance

ASGN stock traded up $3.79 during trading hours on Thursday, reaching $27.20. The stock had a trading volume of 1,325,833 shares, compared to its average volume of 1,051,214. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.04 and a beta of 0.52. The stock has a 50 day moving average of $19.52. ASGN has a 52 week low of $16.90 and a 52 week high of $54.94. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:EFOR) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.46% and a return on equity of 10.30%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $983.00 million. During the same period last year, the business earned $1.17 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, sell-side analysts forecast that ASGN will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on EFOR shares. Zacks Research upgraded shares of ASGN from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. UBS Group reduced their price target on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research report on Friday, May 22nd. Truist Financial upgraded ASGN from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Wednesday, July 22nd. Jefferies Financial Group raised ASGN from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $22.00 in a research report on Friday, May 29th. Finally, Robert W. Baird dropped their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $28.67.

Key ASGN News

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Quarterly results exceeded expectations: ASGN reported adjusted earnings of $0.91 per share versus the $0.82 consensus estimate, while revenue of approximately $1.01 billion also topped forecasts near $983 million–$987 million. ASGN Second Quarter 2026 Results
• Positive Sentiment: Cash generation and shareholder returns were constructive: The company produced $52.2 million in operating cash flow and $46.3 million in free cash flow, and repurchased approximately 0.4 million shares during the quarter. Adjusted EBITDA was $96.7 million, or 9.6% of revenue. ASGN Second Quarter 2026 Results
• Neutral Sentiment: Third-quarter guidance was broadly in line: ASGN forecast EPS of $0.92 to $1.10, compared with analyst expectations of $1.00. The midpoint is approximately in line with consensus, but the wide range leaves room for uncertainty.
• Negative Sentiment: Growth remains weak: Quarterly revenue declined 1.3% year over year, and EPS fell from $1.17 in the prior-year period to $0.91, highlighting continued pressure despite the estimates beat. Net margin was only 2.46%.
• Negative Sentiment: Wells Fargo reduced its valuation outlook: The firm cut its price target for ASGN from $33 to $26 and assigned an “equal weight” rating, implying roughly 6.2% downside from the referenced share price. The downgrade may weigh on the stock even after the earnings beat. Wells Fargo ASGN Price Target Update

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in shares of ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after buying an additional 912 shares during the period. Horizon Investments LLC acquired a new position in shares of ASGN in the 3rd quarter valued at $515,000. Russell Investments Group Ltd. raised its stake in ASGN by 96.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 30,497 shares of the company’s stock worth $1,444,000 after acquiring an additional 15,011 shares during the last quarter. Finally, New South Capital Management Inc. raised its stake in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.