On Assignment, Inc. (NASDAQ:ASGN) – Equities research analysts at SunTrust Banks cut their Q3 2017 earnings estimates for On Assignment in a report released on Thursday. SunTrust Banks analyst T. Sommer now expects that the company will post earnings per share of $0.75 for the quarter, down from their previous forecast of $0.83. SunTrust Banks also issued estimates for On Assignment’s Q4 2017 earnings at $0.78 EPS.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company had revenue of $653.31 million for the quarter, compared to analysts’ expectations of $655.96 million. During the same period last year, the firm earned $0.68 EPS. On Assignment’s revenue for the quarter was up 7.4% compared to the same quarter last year.
Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, June 13th. 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. 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, BMO Capital Markets boosted their target price on shares of On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $56.20.
On Assignment (NASDAQ:ASGN) opened at 48.82 on Monday. The company has a market capitalization of $2.58 billion and a PE ratio of 23.97. On Assignment has a one year low of $32.04 and a one year high of $55.53. The company has a 50-day moving average price of $53.79 and a 200-day moving average price of $49.67.
In related news, Director Jeremy M. Jones sold 20,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $54.46, for a total transaction of $1,089,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $54.02, for a total transaction of $1,093,905.00. Following the transaction, the director now owns 430,873 shares of the company’s stock, valued at $23,275,759.46. The disclosure for this sale can be found here. Insiders have sold 233,175 shares of company stock valued at $12,262,269 over the last 90 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of ASGN. FNY Partners Fund LP increased its position in On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock worth $106,000 after buying an additional 1,597 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of On Assignment during the second quarter worth $112,000. Tyers Asset Management LLC increased its position in shares of On Assignment by 13.0% in the first quarter. Tyers Asset Management LLC now owns 2,436 shares of the company’s stock worth $118,000 after buying an additional 280 shares during the period. Flinton Capital Management LLC increased its position in shares of On Assignment by 13.0% in the first quarter. Flinton Capital Management LLC now owns 2,958 shares of the company’s stock worth $144,000 after buying an additional 340 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of On Assignment during the first quarter worth $154,000.
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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