ASGN (NYSE:ASGN) Releases Q4 2021 Earnings Guidance

ASGN (NYSE:ASGN) updated its fourth quarter 2021 earnings guidance on Friday. The company provided earnings per share guidance of $1.260-$1.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.300. The company issued revenue guidance of $990 M-$1.01 billion, compared to the consensus revenue estimate of $1.04 billion.ASGN also updated its FY 2021 guidance to $5.060-$5.170 EPS.

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on ASGN from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday. They noted that the move was a valuation call. Zacks Investment Research upgraded ASGN from a sell rating to a hold rating and set a $126.00 price objective for the company in a research report on Tuesday, August 31st. Finally, Hanson reaffirmed a sell rating on shares of ASGN in a research note on Friday, August 20th.

Shares of ASGN traded down $0.55 during mid-day trading on Friday, hitting $110.18. 696,296 shares of the company were exchanged, compared to its average volume of 205,604. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.93 and a beta of 2.20. ASGN has a 1-year low of $61.70 and a 1-year high of $114.45. The company has a 50 day moving average of $104.72 and a 200-day moving average of $101.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.75 and a current ratio of 2.75.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.05. The company had revenue of $974.90 million during the quarter, compared to analyst estimates of $964.25 million. ASGN had a return on equity of 16.66% and a net margin of 5.48%. Research analysts anticipate that ASGN will post 5.05 earnings per share for the current fiscal year.

In related news, CEO Theodore S. Hanson sold 45,098 shares of the company’s stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $103.39, for a total value of $4,662,682.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mariel A. Joliet sold 2,250 shares of the business’s stock in a transaction dated Friday, August 6th. The shares were sold at an average price of $103.68, for a total transaction of $233,280.00. The disclosure for this sale can be found here. Insiders have sold 56,250 shares of company stock valued at $5,807,527 over the last quarter. 3.20% of the stock is owned by company insiders.

About ASGN

ASGN, Inc engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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Earnings History and Estimates for ASGN (NYSE:ASGN)

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