On Assignment (ASGN) Issues Quarterly Earnings Results

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.

How to Become a New Pot Stock Millionaire

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.



In related news, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $77.79, for a total value of $6,036,192.84. Following the completion of the transaction, the director now directly owns 1,686 shares of the company’s stock, valued at $131,153.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edwin A. Sheridan sold 22,404 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $77.64, for a total transaction of $1,739,446.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,265 shares of company stock valued at $9,440,062. 5.40% of the stock is owned by insiders.

WARNING: “On Assignment (ASGN) Issues Quarterly Earnings Results” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2018/04/25/on-assignment-asgn-issues-quarterly-earnings-results.html.

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)

Receive News & Ratings for On Assignment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply