ASGN (NYSE:ASGN) Announces Quarterly Earnings Results

ASGN (NYSE:ASGN) released its quarterly earnings results on Wednesday. The business services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07, Zacks reports. ASGN had a return on equity of 13.65% and a net margin of 4.37%. ASGN updated its Q1 2025 guidance to 0.910-0.970 EPS.

ASGN Trading Up 0.9 %

Shares of NYSE:ASGN traded up $0.77 on Wednesday, hitting $87.77. 588,224 shares of the company’s stock were exchanged, compared to its average volume of 346,692. ASGN has a 12 month low of $82.04 and a 12 month high of $106.42. The business’s 50 day simple moving average is $87.96 and its two-hundred day simple moving average is $91.28. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 22.22 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.

Insiders Place Their Bets

In related news, CEO Theodore S. Hanson sold 1,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 owns 288,855 shares in the company, valued at $28,781,512.20. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

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

About ASGN

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.