On Assignment (ASGN) to Release Quarterly Earnings on Tuesday

On Assignment (NYSE:ASGN) will be announcing its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. On Assignment has set its Q1 guidance at $0.74-0.78 EPS.

On Assignment (NYSE:ASGN) last released its earnings results on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts expect On Assignment to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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ASGN opened at $84.52 on Tuesday. The company has a market capitalization of $4,343.13, a PE ratio of 27.71, a PEG ratio of 2.22 and a beta of 1.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.00 and a quick ratio of 3.00. On Assignment has a 52 week low of $44.66 and a 52 week high of $86.13.

A number of research analysts have recently commented on ASGN shares. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. ValuEngine upgraded On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Wells Fargo set a $92.00 target price on On Assignment and gave the company a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks raised their target price on On Assignment to $88.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets raised their target price on On Assignment from $66.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. On Assignment has an average rating of “Buy” and an average price target of $79.86.

In related news, Director Edwin A. Sheridan sold 77,596 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $77.79, for a total transaction of $6,036,192.84. Following the completion of the transaction, the director now owns 1,686 shares of the company’s stock, valued at approximately $131,153.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $78.73, for a total value of $787,300.00. Following the transaction, the insider now directly owns 55,837 shares of the company’s stock, valued at approximately $4,396,047.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,265 shares of company stock valued at $9,440,062. 5.40% of the stock is owned by corporate insiders.

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About On Assignment

ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.

Earnings History for On Assignment (NYSE:ASGN)

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