Brokerages Expect On Assignment, Inc. (ASGN) Will Announce Quarterly Sales of $664.08 Million
Analysts expect On Assignment, Inc. (NYSE:ASGN) to post $664.08 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for On Assignment’s earnings. The highest sales estimate is $666.37 million and the lowest is $661.88 million. On Assignment reported sales of $620.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The company is expected to announce its next quarterly earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that On Assignment will report full-year sales of $664.08 million for the current year. For the next financial year, analysts anticipate that the business will post sales of $2.80 billion per share, with estimates ranging from $2.74 billion to $2.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for On Assignment.
On Assignment (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. During the same period in the prior year, the company posted $0.74 earnings per share. On Assignment’s revenue was up 6.0% compared to the same quarter last year.
In other news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the transaction, the director now owns 392,930 shares of the company’s stock, valued at $25,147,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the transaction, the senior vice president now directly owns 10,667 shares of the company’s stock, valued at approximately $672,661.02. The disclosure for this sale can be found here. Insiders sold 524,285 shares of company stock valued at $31,105,517 in the last three months. Company insiders own 5.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of On Assignment in the third quarter worth about $280,000. Cubist Systematic Strategies LLC acquired a new position in shares of On Assignment in the third quarter valued at approximately $419,000. Insight Capital Research & Management Inc. acquired a new position in shares of On Assignment in the third quarter valued at approximately $953,000. Pinebridge Investments L.P. increased its stake in shares of On Assignment by 12.5% in the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after buying an additional 2,879 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of On Assignment by 3.7% in the third quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after buying an additional 3,374 shares during the period. 90.27% of the stock is owned by hedge funds and other institutional investors.
On Assignment (NYSE:ASGN) traded up $1.57 during mid-day trading on Friday, hitting $63.83. 411,364 shares of the company traded hands, compared to its average volume of 208,519. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. On Assignment has a fifty-two week low of $42.86 and a fifty-two week high of $65.34. The firm has a market capitalization of $3,320.12, a P/E ratio of 22.32, a PEG ratio of 2.15 and a beta of 2.12.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/10/brokerages-expect-on-assignment-inc-asgn-will-announce-quarterly-sales-of-664-08-million.html.
On Assignment Company Profile
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.