Brokerages forecast that On Assignment, Inc. (NYSE:ASGN) will post $665.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for On Assignment’s earnings, with the highest sales estimate coming in at $666.20 million and the lowest estimate coming in at $664.34 million. On Assignment reported sales of $629.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The company is scheduled to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that On Assignment will report full-year sales of $665.22 million for the current financial year, with estimates ranging from $2.60 billion to $2.61 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.79 billion per share, with estimates ranging from $2.73 billion to $2.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover On Assignment.
A number of research analysts recently issued reports on ASGN shares. BidaskClub downgraded On Assignment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.00.
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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