Brokerages Expect On Assignment, Inc. (ASGN) Will Announce Quarterly Sales of $655.90 Million
Brokerages forecast that On Assignment, Inc. (NYSE:ASGN) will report $655.90 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for On Assignment’s earnings, with the highest sales estimate coming in at $657.00 million and the lowest estimate coming in at $654.60 million. On Assignment reported sales of $608.09 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that On Assignment will report full-year sales of $655.90 million for the current year, with estimates ranging from $2.61 billion to $2.65 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.82 billion per share, with estimates ranging from $2.75 billion to $2.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for On Assignment.
Several research analysts have recently issued reports on ASGN shares. Deutsche Bank AG upped their target price on shares of On Assignment from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, Royal Bank Of Canada upped their target price on shares of On Assignment from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $56.00.
Shares of On Assignment (NYSE:ASGN) traded up 1.34% during trading on Friday, reaching $54.41. 49,998 shares of the company traded hands. The firm’s 50 day moving average is $53.15 and its 200-day moving average is $48.37. On Assignment has a 12-month low of $32.05 and a 12-month high of $55.15. The stock has a market capitalization of $2.87 billion, a P/E ratio of 28.49 and a beta of 2.15.
About On Assignment
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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