ASGN (ASGN) Projected to Post Earnings on Wednesday

ASGN (NYSE:ASGN) is projected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect ASGN to post earnings of $1.21 per share and revenue of $1.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

ASGN Stock Performance

ASGN stock opened at $87.49 on Tuesday. The stock’s 50 day moving average price is $88.11 and its 200 day moving average price is $91.50. The firm has a market capitalization of $3.87 billion, a PE ratio of 22.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. ASGN has a one year low of $82.04 and a one year high of $106.42.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ASGN shares. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and upped their target price for the company from $96.00 to $100.00 in a report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. Finally, StockNews.com lowered ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.75.

Insider Buying and Selling at ASGN

In other ASGN news, CEO Theodore S. Hanson sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the transaction, the chief executive officer now owns 288,855 shares of the company’s stock, valued at approximately $28,781,512.20. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

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.