ASGN (ASGN) to Release Earnings on Wednesday

ASGN (NYSE:ASGN) will likely be posting 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

ASGN Stock Performance

ASGN stock opened at $93.15 on Wednesday. The stock has a market capitalization of $4.12 billion, a PE ratio of 23.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The company has a 50 day moving average price of $87.88 and a 200 day moving average price of $91.74. ASGN has a fifty-two week low of $82.04 and a fifty-two week high of $106.42.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

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.