On Assignment, Inc. (NASDAQ:ASGN) Expected to Post Quarterly Sales of $665.22 Million

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.

ILLEGAL ACTIVITY NOTICE: “On Assignment, Inc. (NASDAQ:ASGN) Expected to Post Quarterly Sales of $665.22 Million” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/08/10/on-assignment-inc-nasdaqasgn-expected-to-post-quarterly-sales-of-665-22-million.html.

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.

Get a free copy of the Zacks research report on On Assignment (ASGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for On Assignment (NASDAQ:ASGN)

Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply