On Assignment (ASGN) Posts Earnings Results, Beats Estimates By $0.68 EPS

On Assignment (NYSE:ASGN) posted its quarterly earnings data on Monday. The business services provider reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.68, Bloomberg Earnings reports. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The firm had revenue of $679.04 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis.

On Assignment (NYSE:ASGN) traded up $1.41 during midday trading on Wednesday, reaching $74.26. The company had a trading volume of 345,928 shares, compared to its average volume of 302,294. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment has a one year low of $43.83 and a one year high of $77.68. The stock has a market cap of $3,742.47, a PE ratio of 34.54, a PEG ratio of 1.98 and a beta of 2.11.

In related news, SVP Jennifer Hankes Painter sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total value of $220,710.00. Following the transaction, the senior vice president now directly owns 10,667 shares of the company’s stock, valued at approximately $672,661.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was 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 directly owns 392,930 shares in the company, valued at $25,147,520. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,915 shares of company stock worth $1,528,095. 5.40% of the stock is owned by insiders.

ASGN has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, October 27th. SunTrust Banks lifted their price objective on On Assignment to $88.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Deutsche Bank lifted their price objective on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.86.

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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.

Earnings History for On Assignment (NYSE:ASGN)

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