ASGN (NYSE:ASGN) Releases Q4 2019 Earnings Guidance

ASGN (NYSE:ASGN) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.20-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.24. The company issued revenue guidance of $995M – 1.005 billion, compared to the consensus revenue estimate of $1.01 billion.ASGN also updated its Q4 guidance to $1.20-1.26 EPS.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada set a $76.00 target price on shares of ASGN and gave the stock a buy rating in a research report on Friday, July 26th. Zacks Investment Research downgraded shares of ASGN from a hold rating to a sell rating in a research report on Tuesday. William Blair reaffirmed an outperform rating on shares of ASGN in a research report on Friday, September 20th. ValuEngine raised shares of ASGN from a sell rating to a hold rating in a research report on Thursday, September 5th. Finally, SunTrust Banks dropped their price target on shares of ASGN to $84.00 and set a buy rating on the stock in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $72.75.

ASGN stock traded up $3.32 during mid-day trading on Thursday, reaching $63.03. The stock had a trading volume of 40,582 shares, compared to its average volume of 233,572. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.45 and a beta of 1.94. The company has a 50-day moving average price of $61.94 and a two-hundred day moving average price of $60.67. ASGN has a one year low of $50.33 and a one year high of $71.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.14 and a quick ratio of 2.14.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.08. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $998.20 million. ASGN had a net margin of 4.64% and a return on equity of 19.56%. ASGN’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. On average, equities research analysts anticipate that ASGN will post 4.59 earnings per share for the current fiscal year.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Earnings History and Estimates for ASGN (NYSE:ASGN)

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