Zacks: Analysts Anticipate On Assignment, Inc. (ASGN) Will Announce Quarterly Sales of $665.22 Million
Analysts predict that On Assignment, Inc. (NYSE:ASGN) will announce $665.22 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for On Assignment’s earnings. The lowest sales estimate is $664.34 million and the highest is $666.20 million. On Assignment reported sales of $629.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that On Assignment will report full year sales of $665.22 million for the current year, with estimates ranging from $2.60 billion to $2.61 billion. For the next year, analysts forecast that the company will post sales of $2.79 billion per share, with estimates ranging from $2.73 billion to $2.83 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow On Assignment.
A number of analysts have weighed in on ASGN shares. BidaskClub lowered On Assignment from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. On Assignment currently has a consensus rating of “Buy” and an average price target of $56.00.
WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/13/zacks-analysts-anticipate-on-assignment-inc-asgn-will-announce-quarterly-sales-of-665-22-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.