Third Quarter 2022 EPS Estimates for ASGN Incorporated Raised by William Blair (NYSE:ASGN)


ASGN Incorporated (NYSE: ASGN – Get Rating) – Equity analysts William Blair raised their third-quarter 2022 EPS estimates for ASGN shares in a research note released Thursday, July 7. William Blair analyst Mr Nolan now expects the business services provider to post earnings per share of $1.82 for the quarter, up from its previous estimate of $1.73. The consensus estimate of ASGN’s current annual earnings is $6.62 per share. William Blair also released estimates for ASGN’s fourth quarter 2022 earnings at $1.63 EPS, fiscal year 2022 earnings at $6.67 EPS and fiscal year 2023 earnings at $7.64 $EPS.

ASGN (NYSE:ASGN – Get Rating) last released its quarterly results on Wednesday, April 27. The business services provider reported earnings per share of $1.57 for the quarter, beating analyst consensus estimates of $1.39 by $0.18. ASGN had a net margin of 10.21% and a return on equity of 17.55%. The company posted revenue of $1.09 billion for the quarter, against analyst estimates of $1.05 billion. During the same period last year, the company posted EPS of $1.15.

A number of other research analysts also weighed in on ASGN. Credit Suisse Group downgraded ASGN’s shares from a “neutral” rating to an “underperforming” rating and lowered its target price for the stock from $110.00 to $90.00 in a rating of research of Wednesday, May 25. StockNews.com took over ASGN’s stock coverage in a Thursday, March 31 research note. They issued a “buy” rating for the company. Truist Financial cut its price target on ASGN shares from $150.00 to $110.00 and set a “buy” rating for the company in a Tuesday, June 14 research report. BMO Capital Markets downgraded ASGN’s shares from an “outperform” rating to a “market performer” rating in a Thursday, May 26, report. Finally, Jefferies Financial Group lowered its price target on ASGN shares from $125.00 to $101.00 in a Friday, May 27 research note. Two equity research analysts have assigned the stock a sell rating, two have issued a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.20.

ASGN opened at $92.88 on Monday. The company has a debt ratio of 0.55, a current ratio of 2.99 and a quick ratio of 1.14. The company’s 50-day simple moving average is $95.45 and its two-hundred-day simple moving average is $107.80. ASGN has a 1-year minimum of $78.25 and a 1-year maximum of $131.89. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.54, a growth price-to-earnings ratio of 0.91 and a beta of 1.83.

A number of large investors have recently bought and sold shares of the company. FDx Advisors Inc. increased its position in ASGN shares by 5.1% in the first quarter. FDx Advisors Inc. now owns 4,459 shares of the business services provider worth $520,000 after acquiring 217 additional shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in ASGN by 2.2% during Q1. Crossmark Global Holdings Inc. now owns 4,590 shares of the business services provider valued at $536,000 after buying an additional 100 shares in the last quarter. Argent Capital Management LLC increased its stake in ASGN by 18.1% during Q1. Argent Capital Management LLC now owns 8,773 shares of the business services provider valued at $1,024,000 after buying an additional 1,342 shares last quarter. SG Americas Securities LLC increased its stake in ASGN by 82.6% during the 1st quarter. SG Americas Securities LLC now owns 14,385 shares of the business services provider valued at $1,679,000 after buying an additional 6,507 shares last quarter. Finally, Russell Investments Group Ltd. increased its stake in ASGN by 9.9% during the 1st quarter. Russell Investments Group Ltd. now owns 18,840 shares of the business services provider valued at $2,196,000 after purchasing an additional 1,697 shares last quarter. 94.33% of the shares are currently held by institutional investors.

ASGN Company Profile (Get an evaluation)

ASGN Incorporated provides information technology services and professional solutions in the areas of technology, digital and creative for the commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial segment provides consulting, creative digital marketing and permanent placement services primarily to Fortune 1000 and middle market clients.

See also

Earnings history and estimates for ASGN (NYSE:ASGN)



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