ASGN (NYSE:ASGN) Issues Q4 2024 Earnings Guidance

ASGN (NYSE:ASGN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.180-1.240 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of $990.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. ASGN also updated its Q4 guidance to $1.18-1.24 EPS.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ASGN shares. BMO Capital Markets upped their price target on ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday. Jefferies Financial Group lowered their target price on ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Monday, September 9th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price target on shares of ASGN in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.44.

ASGN Stock Down 0.5 %

NYSE ASGN traded down $0.43 on Friday, reaching $93.44. The company had a trading volume of 115,678 shares, compared to its average volume of 292,787. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.29 billion, a P/E ratio of 21.65 and a beta of 1.40. The company’s fifty day moving average is $93.74 and its 200 day moving average is $93.96. ASGN has a 52-week low of $77.37 and a 52-week high of $106.42.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $1.68 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts anticipate that ASGN will post 5.14 earnings per share for the current fiscal year.

Insider Transactions at ASGN

In related news, Director Jonathan S. Holman sold 503 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the sale, the director now directly owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jonathan S. Holman sold 503 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the sale, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $92.51, for a total transaction of $185,020.00. Following the completion of the sale, the director now directly owns 11,645 shares in the company, valued at approximately $1,077,278.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.