Wall Street analysts forecast that ASGN Inc (NYSE:ASGN) will post sales of $972.03 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for ASGN’s earnings, with the lowest sales estimate coming in at $971.16 million and the highest estimate coming in at $973.10 million. ASGN posted sales of $878.51 million during the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The firm is scheduled to report its next earnings report on Wednesday, July 24th.

On average, analysts expect that ASGN will report full-year sales of $3.89 billion for the current year, with estimates ranging from $3.83 billion to $3.94 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.16 billion, with estimates ranging from $4.07 billion to $4.27 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for ASGN.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.02). ASGN had a net margin of 4.49% and a return on equity of 20.45%. The firm had revenue of $923.70 million during the quarter, compared to the consensus estimate of $921.14 million. During the same quarter last year, the firm posted $0.83 earnings per share. ASGN’s revenue was up 34.8% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on ASGN shares. Jefferies Financial Group started coverage on ASGN in a report on Tuesday, March 12th. They issued a “buy” rating and a $70.00 price target for the company. Zacks Investment Research upgraded ASGN from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, January 15th. BMO Capital Markets reiterated a “buy” rating and issued a $77.00 price target on shares of ASGN in a report on Monday, January 21st. Finally, Royal Bank of Canada started coverage on ASGN in a report on Tuesday, April 16th. They issued an “outperform” rating and a $79.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Shares of NYSE ASGN traded down $2.49 during trading on Friday, reaching $56.80. The stock had a trading volume of 2,954 shares, compared to its average volume of 262,028. ASGN has a one year low of $51.05 and a one year high of $94.25. The company has a current ratio of 2.20, a quick ratio of 2.23 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.91.

In related news, Director William E. Brock sold 1,480 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $61.72, for a total transaction of $91,345.60. Following the completion of the transaction, the director now owns 17,513 shares in the company, valued at approximately $1,080,902.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ASGN. Vanguard Group Inc boosted its position in ASGN by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 4,970,834 shares of the business services provider’s stock worth $392,347,000 after acquiring an additional 112,311 shares during the period. Vanguard Group Inc. boosted its position in ASGN by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,970,834 shares of the business services provider’s stock worth $392,347,000 after acquiring an additional 112,311 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ASGN by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,833,606 shares of the business services provider’s stock valued at $116,414,000 after buying an additional 7,418 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of ASGN by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock valued at $113,080,000 after buying an additional 144,609 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of ASGN by 5.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,540,655 shares of the business services provider’s stock valued at $97,816,000 after buying an additional 81,815 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

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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