ASGN (NYSE:ASGN) Releases Q3 2019 Earnings Guidance

ASGN (NYSE:ASGN) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.20-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of $993M – 1.003 billion, compared to the consensus revenue estimate of $990.55 million.ASGN also updated its Q3 guidance to $1.20-1.26 EPS.

A number of research firms recently issued reports on ASGN. ValuEngine upgraded YY from a sell rating to a hold rating in a report on Friday, June 7th. Royal Bank of Canada began coverage on Robert Half International in a report on Tuesday, April 16th. They set a sector perform rating for the company. Credit Suisse Group set a CHF 88 price objective on Novartis and gave the company a neutral rating in a report on Tuesday, May 28th. Finally, SunTrust Banks restated a buy rating and set a $185.00 price objective on shares of Expedia Group in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $74.33.

Shares of ASGN stock traded up $1.22 during mid-day trading on Friday, hitting $63.63. The stock had a trading volume of 401,977 shares, compared to its average volume of 324,638. ASGN has a 12-month low of $50.33 and a 12-month high of $94.25. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.52 and a beta of 2.05. The stock has a 50-day moving average of $58.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.96.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). ASGN had a return on equity of 19.99% and a net margin of 4.64%. The firm had revenue of $972.30 million during the quarter, compared to analysts’ expectations of $972.24 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. ASGN’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that ASGN will post 4.67 earnings per share for the current fiscal year.

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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Earnings History and Estimates for ASGN (NYSE:ASGN)

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