ASGN (NYSE:ASGN) Issues Q3 2021 Earnings Guidance

ASGN (NYSE:ASGN) updated its third quarter 2021 earnings guidance on Friday. The company provided EPS guidance of $1.440-$1.510 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.380. The company issued revenue guidance of $1.05 billion-$1.07 billion, compared to the consensus revenue estimate of $1.05 billion.ASGN also updated its FY 2021 guidance to $5.060-$5.170 EPS.

Several brokerages have recently commented on ASGN. BMO Capital Markets upped their price target on ASGN from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, September 16th. They noted that the move was a valuation call. Zacks Investment Research raised ASGN from a sell rating to a hold rating and set a $126.00 target price on the stock in a research note on Tuesday, August 31st. Robert W. Baird increased their target price on ASGN from $117.00 to $122.00 and gave the stock a neutral rating in a research note on Monday. Finally, Hanson reissued a sell rating on shares of ASGN in a research note on Friday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ASGN has a consensus rating of Hold and an average price target of $121.60.

ASGN stock opened at $115.57 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $6.11 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.93 and a beta of 2.20. The business’s 50-day moving average is $106.70 and its two-hundred day moving average is $102.66. ASGN has a 1 year low of $62.21 and a 1 year high of $116.91.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Tuesday, July 27th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $974.90 million for the quarter, compared to analyst estimates of $964.25 million. ASGN had a return on equity of 16.66% and a net margin of 5.48%. On average, analysts expect that ASGN will post 5.05 EPS for the current year.

In other news, CEO Theodore S. Hanson sold 8,902 shares of the stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $102.40, for a total value of $911,564.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Theodore S. Hanson sold 45,098 shares of the stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $103.39, for a total value of $4,662,682.22. The disclosure for this sale can be found here. Insiders sold a total of 56,250 shares of company stock worth $5,807,527 in the last ninety days. 3.20% of the stock is owned by corporate insiders.

ASGN Company Profile

ASGN, Inc engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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Earnings History and Estimates for ASGN (NYSE:ASGN)

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