William Blair Comments on ASGN's Q2 Earnings (NYSE:ASGN)

ASGN Incorporated (NYSE:ASGN - Free Report) - William Blair reduced their Q2 2025 earnings estimates for shares of ASGN in a research note issued on Thursday, April 24th. William Blair analyst M. Nolan now anticipates that the business services provider will earn $1.08 per share for the quarter, down from their prior forecast of $1.30. The consensus estimate for ASGN's current full-year earnings is $5.15 per share. William Blair also issued estimates for ASGN's Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $4.40 EPS, Q1 2026 earnings at $0.99 EPS, Q2 2026 earnings at $1.24 EPS, Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $1.41 EPS and FY2026 earnings at $5.06 EPS.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reaffirmed a "hold" rating and set a $55.00 price target (down from $115.00) on shares of ASGN in a report on Friday. StockNews.com downgraded shares of ASGN from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Truist Financial cut their price objective on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, UBS Group dropped their price target on ASGN from $56.00 to $54.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $74.40.

ASGN Stock Down 0.4 %

NYSE:ASGN traded down $0.22 during mid-day trading on Monday, hitting $50.84. The company had a trading volume of 679,463 shares, compared to its average volume of 392,753. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. ASGN has a 1 year low of $47.64 and a 1 year high of $105.67. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 13.24 and a beta of 1.20. The business has a fifty day simple moving average of $63.32 and a 200-day simple moving average of $79.79.

ASGN (NYSE:ASGN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.03). The firm had revenue of $968.30 million for the quarter, compared to analyst estimates of $971.00 million. ASGN had a return on equity of 13.22% and a net margin of 4.27%. The business's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently added to or reduced their stakes in ASGN. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 13.4% during the 1st quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after buying an additional 78,794 shares during the period. GAMMA Investing LLC grew its holdings in shares of ASGN by 47,970.1% during the 1st quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock worth $41,500,000 after purchasing an additional 65,719 shares in the last quarter. Pinebridge Investments L.P. lifted its position in ASGN by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after purchasing an additional 6,576 shares during the period. Argent Capital Management LLC increased its holdings in ASGN by 31.6% in the 4th quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider's stock valued at $1,158,000 after buying an additional 3,339 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of ASGN during the 1st quarter valued at about $396,000. Institutional investors and hedge funds own 95.36% of the company's stock.

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.