Analysts expect On Assignment, Inc. (NASDAQ:ASGN) to report $665.22 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for On Assignment’s earnings, with the lowest sales estimate coming in at $664.34 million and the highest estimate coming in at $666.20 million. On Assignment reported sales of $629.40 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that On Assignment will report full year sales of $665.22 million for the current fiscal year, with estimates ranging from $2.60 billion to $2.61 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.79 billion per share, with estimates ranging from $2.73 billion to $2.83 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow On Assignment.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut On Assignment from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BMO Capital Markets raised their target price on On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Royal Bank Of Canada restated an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of On Assignment in a research report on Thursday, April 27th. Finally, Deutsche Bank AG restated a “buy” rating and set a $57.00 target price (up from $51.00) on shares of On Assignment in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.20.
In other news, Director Jeremy M. Jones sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $54.46, for a total transaction of $1,089,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $54.02, for a total value of $1,093,905.00. Following the sale, the director now owns 430,873 shares in the company, valued at $23,275,759.46. The disclosure for this sale can be found here. Insiders have sold a total of 167,078 shares of company stock worth $8,835,179 over the last 90 days.
Several large investors have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in On Assignment during the second quarter worth approximately $112,000. FNY Partners Fund LP boosted its stake in On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock valued at $106,000 after buying an additional 1,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in On Assignment by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock valued at $121,000 after buying an additional 202 shares during the last quarter. Tyers Asset Management LLC boosted its stake in On Assignment by 13.0% in the first quarter. Tyers Asset Management LLC now owns 2,436 shares of the company’s stock valued at $118,000 after buying an additional 280 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in On Assignment by 13.0% in the first quarter. Flinton Capital Management LLC now owns 2,958 shares of the company’s stock valued at $144,000 after buying an additional 340 shares during the last quarter.
On Assignment (ASGN) traded up 0.40% during trading on Friday, hitting $48.06. The stock had a trading volume of 283,885 shares. The company has a market cap of $2.54 billion and a price-to-earnings ratio of 23.59. The firm’s 50-day moving average price is $53.49 and its 200-day moving average price is $49.82. On Assignment has a 52-week low of $32.04 and a 52-week high of $55.53.
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About On Assignment
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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