On Assignment (NYSE:ASGN) issued its quarterly earnings data on Tuesday. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09, Bloomberg Earnings reports. The firm had revenue of $685.20 million during the quarter, compared to the consensus estimate of $677.66 million. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share.
Shares of NYSE:ASGN traded up $0.43 during midday trading on Wednesday, hitting $82.38. 347,030 shares of the stock traded hands, compared to its average volume of 316,826. On Assignment has a one year low of $44.66 and a one year high of $86.13. The company has a market cap of $4,329.56, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.21 and a beta of 1.89. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58.
Several brokerages have recently commented on ASGN. Zacks Investment Research downgraded shares of On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. ValuEngine raised shares of 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 price objective on shares of On Assignment and gave the company a “buy” rating in a research note on Monday, April 2nd. BMO Capital Markets upped their price objective on shares of On Assignment from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, SunTrust Banks upped their price objective on shares of On Assignment to $88.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $79.86.
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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.
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