ASGN (NYSE:ASGN) Issues Q4 2024 Earnings Guidance

ASGN (NYSE:ASGN) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.180-1.240 for the period, compared to the consensus earnings per share 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

Several research firms recently weighed in on ASGN. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of ASGN in a research report on Thursday. BMO Capital Markets upped their price target on shares of ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Jefferies Financial Group decreased their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, September 9th. Two 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 MarketBeat, ASGN has a consensus rating of “Hold” and an average price target of $97.44.

ASGN Price Performance

ASGN stock opened at $92.75 on Friday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 21.47 and a beta of 1.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34. The company has a 50 day simple moving average of $93.77 and a 200 day simple moving average of $93.92. ASGN has a 1 year low of $77.37 and a 1 year high of $106.42.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Research analysts anticipate that ASGN will post 5.14 EPS for the current fiscal year.

Insider Buying and Selling at ASGN

In other news, President Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $95.03, for a total transaction of $950,300.00. Following the sale, the president now directly owns 85,923 shares in the company, valued at approximately $8,165,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Randolph C. Blazer sold 10,000 shares of ASGN stock in a transaction on Friday, October 25th. The shares were sold at an average price of $95.03, for a total transaction of $950,300.00. Following the transaction, the president now owns 85,923 shares in the company, valued at approximately $8,165,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan S. Holman sold 503 shares of the business’s stock in a transaction 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 in the company, valued at approximately $978,759.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,563 shares of company stock worth $1,279,418. 3.20% of the stock is currently owned by insiders.

ASGN Company Profile

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.