ASGN (NYSE:ASGN) Updates Q1 2025 Earnings Guidance

ASGN (NYSE:ASGN) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.910-0.970 for the period, compared to the consensus earnings per share estimate of 1.100. The company issued revenue guidance of $950.0 million-$970.0 million, compared to the consensus revenue estimate of $995.5 million.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price objective on shares of ASGN in a research report on Thursday, October 24th. Finally, BMO Capital Markets raised shares of 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 report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.75.

ASGN Price Performance

ASGN traded up $0.77 on Wednesday, reaching $87.77. The company had a trading volume of 588,224 shares, compared to its average volume of 346,692. The business has a 50 day simple moving average of $87.89 and a 200 day simple moving average of $91.25. ASGN has a 52-week low of $82.04 and a 52-week high of $106.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 22.22 and a beta of 1.38.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, February 5th. The business services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. ASGN had a return on equity of 13.65% and a net margin of 4.37%. As a group, sell-side analysts anticipate that ASGN will post 5.17 EPS for the current year.

Insider Transactions at ASGN

In other news, CEO Theodore S. Hanson sold 1,200 shares of the 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 this link. Corporate insiders own 3.20% of the company’s stock.

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.