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 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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