William Blair Issues Pessimistic Outlook for ASGN Earnings

ASGN Incorporated (NYSE:ASGN - Free Report) - Equities researchers at William Blair lowered their Q1 2025 earnings per share (EPS) estimates for shares of ASGN in a research note issued on Thursday, February 6th. William Blair analyst M. Nolan now anticipates that the business services provider will post earnings per share of $0.94 for the quarter, down from their previous forecast of $1.05. The consensus estimate for ASGN's current full-year earnings is $5.38 per share. William Blair also issued estimates for ASGN's Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.44 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $5.04 EPS, Q2 2026 earnings at $1.48 EPS and FY2026 earnings at $5.88 EPS.

A number of other analysts also recently commented on ASGN. 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. StockNews.com downgraded ASGN from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets upgraded ASGN from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $96.00 to $100.00 in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, ASGN presently has an average rating of "Hold" and an average target price of $101.75.

ASGN Price Performance

ASGN traded down $0.78 during trading on Friday, reaching $79.43. 741,742 shares of the stock were exchanged, compared to its average volume of 404,005. The business's 50 day moving average price is $87.24 and its two-hundred day moving average price is $90.78. 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 $3.51 billion, a price-to-earnings ratio of 20.69 and a beta of 1.38. ASGN has a 1 year low of $78.43 and a 1 year high of $106.42.

ASGN (NYSE:ASGN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%.

Hedge Funds Weigh In On ASGN

Institutional investors have recently added to or reduced their stakes in the business. Argent Capital Management LLC increased its stake in ASGN by 31.6% in the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider's stock valued at $1,158,000 after purchasing an additional 3,339 shares during the last quarter. Reinhart Partners LLC. increased its stake in ASGN by 7.2% in the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider's stock valued at $54,912,000 after purchasing an additional 39,607 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in ASGN by 17.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider's stock worth $505,000 after acquiring an additional 800 shares during the last quarter. Handelsbanken Fonder AB increased its stake in ASGN by 28.2% during the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider's stock worth $1,102,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Cim Investment Management Inc. acquired a new stake in ASGN during the third quarter worth about $205,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.