ASGN (NYSE:ASGN - Get Free Report) released its earnings results on Wednesday. The business services provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.07, Zacks reports. ASGN had a net margin of 4.27% and a return on equity of 13.22%. ASGN updated its Q1 2025 guidance to 0.910-0.970 EPS.
ASGN Price Performance
Shares of ASGN traded down $4.01 on Friday, hitting $78.72. The company's stock had a trading volume of 674,245 shares, compared to its average volume of 357,108. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market capitalization of $3.48 billion, a PE ratio of 20.50 and a beta of 1.38. The company has a 50 day moving average price of $87.47 and a 200 day moving average price of $90.86. ASGN has a fifty-two week low of $78.69 and a fifty-two week high of $106.42.
Insiders Place Their Bets
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 transaction of $119,568.00. Following the transaction, the chief executive officer now owns 288,855 shares of the company's stock, valued at approximately $28,781,512.20. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ASGN. StockNews.com downgraded ASGN from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Canaccord Genuity Group reiterated a "buy" rating and set a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. Finally, 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $101.75.
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About ASGN
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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.
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