On Assignment, Inc. (ASGN) Updates Q3 Earnings Guidance
On Assignment, Inc. (NASDAQ:ASGN) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.55-$0.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.43, StockRatingsNetwork.com reports. The company issued revenue guidance of $479-$483 million, compared to the consensus revenue estimate of $492.48 million.
On Assignment, Inc. (NASDAQ:ASGN) traded down 0.77% on Wednesday, hitting $34.90. The stock had a trading volume of 283,115 shares. On Assignment, Inc. has a 1-year low of $29.32 and a 1-year high of $39.86. The stock’s 50-day moving average is $35.62 and its 200-day moving average is $34.84. The company has a market cap of $1.896 billion and a price-to-earnings ratio of 25.97.
On Assignment (NASDAQ:ASGN) last released its earnings data on Wednesday, July 30th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.04. The company had revenue of $468.60 million for the quarter, compared to the consensus estimate of $471.00 million. During the same quarter last year, the company posted $0.32 earnings per share. On Assignment’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that On Assignment, Inc. will post $2.10 EPS for the current fiscal year.
On a related note, analysts at Zacks downgraded shares of On Assignment from a neutral rating to an underperform rating in a research note on Thursday, July 17th. They now have a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $40.00.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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