On Assignment, Inc. (NASDAQ:ASGN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.83-0.86 for the period, compared to the Thomson Reuters consensus estimate of $0.84. The company issued revenue guidance of $618-626 million, compared to the consensus revenue estimate of $624.53 million.
ASGN has been the topic of a number of recent analyst reports. BMO Capital Markets restated a buy rating and set a $45.00 price target on shares of On Assignment in a research report on Wednesday, September 7th. Deutsche Bank AG initiated coverage on shares of On Assignment in a research report on Wednesday, August 17th. They set a buy rating and a $44.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of On Assignment from a buy rating to a hold rating in a research report on Tuesday, June 28th.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 36.88 on Thursday. On Assignment, Inc. has a 52-week low of $29.34 and a 52-week high of $51.00. The company has a market capitalization of $1.97 billion and a P/E ratio of 22.47. The firm’s 50 day moving average is $36.94 and its 200-day moving average is $36.75.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same period in the prior year, the business posted $0.61 earnings per share. On Assignment’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that On Assignment, Inc. will post $3.11 earnings per share for the current fiscal year.
In other On Assignment news, COO Michael Mcgowan sold 4,000 shares of On Assignment stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the transaction, the chief operating officer now directly owns 213,106 shares of the company’s stock, valued at $7,921,150.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
A number of institutional investors have recently added to or reduced their stakes in ASGN. Miles Capital Inc. bought a new position in On Assignment during the second quarter worth approximately $257,000. Cantab Capital Partners LLP bought a new position in On Assignment during the second quarter worth approximately $357,000. Fifth Third Bancorp bought a new position in On Assignment during the second quarter worth approximately $547,000. HighTower Advisors LLC bought a new position in On Assignment during the second quarter worth approximately $640,000. Finally, Janney Montgomery Scott LLC boosted its position in On Assignment by 103.2% in the second quarter. Janney Montgomery Scott LLC now owns 17,466 shares of the company’s stock worth $646,000 after buying an additional 8,871 shares during the period.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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