What is William Blair’s Estimate for ASGN FY2024 Earnings?

ASGN Incorporated (NYSE:ASGN) – Research analysts at William Blair increased their FY2024 earnings per share estimates for shares of ASGN in a research report issued to clients and investors on Wednesday, October 23rd. William Blair analyst M. Nolan now expects that the business services provider will post earnings of $5.16 per share for the year, up from their previous forecast of $5.15. The consensus estimate for ASGN’s current full-year earnings is $5.14 per share. William Blair also issued estimates for ASGN’s Q4 2024 earnings at $1.21 EPS, Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.42 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at $1.42 EPS, FY2025 earnings at $5.42 EPS and FY2026 earnings at $6.27 EPS.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year.

ASGN has been the subject of a number of other research reports. Jefferies Financial Group cut their target price on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, September 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 price objective on shares of ASGN in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.22.

ASGN Price Performance

NYSE:ASGN opened at $93.90 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The firm has a market cap of $4.31 billion, a PE ratio of 21.74 and a beta of 1.40. ASGN has a 12 month low of $77.10 and a 12 month high of $106.42. The company’s 50-day moving average price is $93.74 and its two-hundred day moving average price is $93.96.

Insider Buying and Selling

In other news, Director Jonathan S. Holman sold 503 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total value of $45,496.35. Following the transaction, the director now owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other ASGN news, Director Jonathan S. Holman sold 503 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the sale, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of ASGN

Hedge funds have recently modified their holdings of the company. LRI Investments LLC bought a new stake in ASGN in the first quarter valued at approximately $154,000. Meadow Creek Wealth Advisors LLC bought a new position in ASGN during the first quarter worth about $512,000. Argent Capital Management LLC grew its stake in ASGN by 43.8% in the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 2,868 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of ASGN by 28.2% in 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 in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.