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

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

ASGN Price Performance

ASGN stock opened at $87.77 on Thursday. The firm has a market cap of $3.88 billion, a P/E ratio of 22.22 and a beta of 1.38. ASGN has a 1 year low of $82.04 and a 1 year high of $106.42. The stock has a 50-day simple moving average of $87.89 and a 200-day simple moving average of $91.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25.

Insider Buying and Selling at ASGN

In other news, CEO Theodore S. Hanson sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the sale, the chief executive officer now owns 288,855 shares of the company’s stock, valued at approximately $28,781,512.20. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASGN. Canaccord Genuity Group restated 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 note on Tuesday, January 7th. Finally, BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $96.00 to $100.00 in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently 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.