On Assignment (ASGN) Receiving Somewhat Positive Media Coverage, Study Finds

Media coverage about On Assignment (NYSE:ASGN) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. On Assignment earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.3364717089627 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of On Assignment (ASGN) traded up $2.33 during trading on Friday, hitting $64.51. 849,031 shares of the stock were exchanged, compared to its average volume of 226,869. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. On Assignment has a 52-week low of $42.86 and a 52-week high of $65.34. The stock has a market cap of $3,480.00, a P/E ratio of 21.74, a P/E/G ratio of 2.10 and a beta of 2.12.

On Assignment (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. During the same quarter in the previous year, the firm earned $0.74 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts expect that On Assignment will post 2.97 earnings per share for the current fiscal year.

A number of research firms have commented on ASGN. SunTrust Banks reissued a “buy” rating on shares of On Assignment in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BMO Capital Markets raised their target price on shares of On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Robert W. Baird reissued a “hold” rating and set a $59.00 target price on shares of On Assignment in a research report on Friday, October 27th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.60.

In other On Assignment news, CEO Peter T. Dameris sold 24,911 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $59.13, for a total transaction of $1,472,987.43. Following the sale, the chief executive officer now owns 100,086 shares of the company’s stock, valued at approximately $5,918,085.18. 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 transaction of $1,296,000.00. Following the sale, the director now directly owns 392,930 shares in the company, valued at approximately $25,147,520. The disclosure for this sale can be found here. In the last three months, insiders have sold 524,285 shares of company stock worth $31,105,517. 5.40% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for On Assignment (NYSE:ASGN)

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