Wall Street brokerages expect that ASGN Inc (NYSE:ASGN) will report earnings per share (EPS) of $1.19 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for ASGN’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.21. ASGN reported earnings per share of $1.11 during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is expected to issue its next earnings report on Wednesday, July 24th.

On average, analysts expect that ASGN will report full-year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.54 to $4.80. For the next year, analysts anticipate that the business will post earnings of $5.07 per share, with EPS estimates ranging from $4.85 to $5.22. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts 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 analysts’ consensus estimates of $0.95 by ($0.02). ASGN had a return on equity of 20.45% and a net margin of 4.49%. The company had revenue of $923.70 million during the quarter, compared to analyst estimates of $921.14 million. During the same period in the prior year, the company posted $0.83 earnings per share. The company’s revenue was up 34.8% on a year-over-year basis.

ASGN has been the subject of a number of research reports. Zacks Investment Research raised shares of 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 reaffirmed a “buy” rating and set a $77.00 price objective on shares of ASGN in a report on Monday, January 21st. Jefferies Financial Group assumed coverage on shares of ASGN in a report on Tuesday, March 12th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on shares of ASGN in a report on Tuesday, April 16th. They set an “outperform” rating and a $79.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. ASGN has an average rating of “Hold” and a consensus target price of $74.00.

In related news, Director William E. Brock sold 1,480 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $61.72, for a total transaction of $91,345.60. Following the completion of the sale, the director now owns 17,513 shares in the company, valued at approximately $1,080,902.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in ASGN. Vanguard Group Inc grew its position in shares of 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 buying an additional 112,311 shares during the period. Vanguard Group Inc. grew its position in shares of 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 buying an additional 112,311 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ASGN by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,833,606 shares of the business services provider’s stock worth $116,414,000 after buying an additional 7,418 shares during the period. Wells Fargo & Company MN grew its position in shares of ASGN by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock worth $113,080,000 after buying an additional 144,609 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in shares of ASGN by 5.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,540,655 shares of the business services provider’s stock worth $97,816,000 after buying an additional 81,815 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.

ASGN stock traded down $0.01 during mid-day trading on Wednesday, reaching $57.31. The company had a trading volume of 344,463 shares, compared to its average volume of 303,393. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.20 and a quick ratio of 2.23. ASGN has a 52 week low of $51.05 and a 52 week high of $94.25. The company has a market cap of $3.01 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.91.

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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