ASGN (NYSE:ASGN) Issues Q1 2020 After-Hours Earnings Guidance

ASGN (NYSE:ASGN) updated its first quarter 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.02-1.09 for the period, compared to the Thomson Reuters consensus estimate of $1.03. The company issued revenue guidance of $990M – 1 billion, compared to the consensus revenue estimate of $998.61 million.ASGN also updated its Q1 guidance to $1.02-1.09 EPS.

Several research firms have issued reports on ASGN. Robert W. Baird lifted their price target on shares of ASGN from $71.00 to $79.00 and gave the stock a neutral rating in a report on Thursday. ValuEngine upgraded ASGN from a sell rating to a hold rating in a report on Thursday. Zacks Investment Research upgraded ASGN from a sell rating to a hold rating in a research note on Tuesday, January 28th. Credit Suisse Group boosted their target price on ASGN from $61.00 to $63.00 and gave the stock a neutral rating in a research note on Thursday. Finally, Wells Fargo & Co upped their target price on ASGN from $75.00 to $80.00 and gave the company an outperform rating in a research report on Thursday, January 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ASGN currently has a consensus rating of Buy and an average price target of $75.57.

NYSE:ASGN traded down $1.69 during trading hours on Friday, hitting $63.02. 328,500 shares of the company were exchanged, compared to its average volume of 226,165. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.50 and a beta of 2.01. ASGN has a 52-week low of $50.33 and a 52-week high of $72.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.11 and a quick ratio of 2.11. The company’s 50 day moving average price is $69.58 and its 200-day moving average price is $65.36.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.05. ASGN had a net margin of 4.74% and a return on equity of 19.01%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $1.14 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that ASGN will post 4.64 earnings per share for the current year.

About ASGN

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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