ASGN (NYSE:ASGN) Posts Earnings Results, Beats Expectations By $0.07 EPS

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

ASGN Stock Performance

ASGN stock traded down $1.13 during midday trading on Friday, reaching $81.60. The stock had a trading volume of 15,170 shares, compared to its average volume of 353,718. The firm’s 50-day moving average price is $87.89 and its 200 day moving average price is $91.25. The firm has a market capitalization of $3.61 billion, a PE ratio of 20.66 and a beta of 1.38. ASGN has a 12 month low of $81.55 and a 12 month high of $106.42. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58.

Insider Activity at ASGN

In related news, CEO Theodore S. Hanson sold 1,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the transaction, the chief executive officer now directly owns 288,855 shares in the company, valued at $28,781,512.20. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ASGN has been the topic of several research reports. StockNews.com cut ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $96.00 to $100.00 in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, ASGN currently has an average rating of “Hold” and a consensus price target of $101.75.

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.