ASGN (ASGN) Projected to Post Earnings on Wednesday

ASGN (NYSE:ASGN) is expected to 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

ASGN Stock Down 0.8 %

Shares of NYSE ASGN opened at $87.49 on Tuesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 22.15 and a beta of 1.38. The company has a 50-day moving average price of $88.11 and a 200-day moving average price of $91.50. ASGN has a 1 year low of $82.04 and a 1 year high of $106.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25.

Insider Transactions at ASGN

In other ASGN news, CEO Theodore S. Hanson sold 1,200 shares of the company’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 sale, the chief executive officer now directly owns 288,855 shares in the company, valued at $28,781,512.20. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

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