On Assignment, Inc. (NYSE:ASGN) – Stock analysts at William Blair cut their Q1 2018 earnings estimates for shares of On Assignment in a report released on Thursday, Zacks Investment Research reports. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $0.77 per share for the quarter, down from their previous forecast of $0.78. William Blair currently has a “Outperform” rating on the stock.
Several other equities analysts also recently weighed in on the stock. SunTrust Banks reiterated a “buy” rating on shares of On Assignment in a research note on Friday, December 8th. Wells Fargo & Co lifted their target price on shares of On Assignment to $71.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank lifted their target price on shares of On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.43.
On Assignment (NYSE:ASGN) traded down $0.67 during midday trading on Monday, reaching $82.75. 315,360 shares of the company were exchanged, compared to its average volume of 307,819. The stock has a market capitalization of $4,303.99, a P/E ratio of 27.77, a PEG ratio of 2.19 and a beta of 2.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.00 and a quick ratio of 3.00. On Assignment has a 1-year low of $44.66 and a 1-year high of $85.56.
On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The business had revenue of $679.04 million during the quarter, compared to the consensus estimate of $671.35 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new stake in On Assignment during the fourth quarter valued at approximately $31,994,000. Acadian Asset Management LLC bought a new stake in On Assignment during the fourth quarter valued at approximately $19,230,000. Pathstone Family Office LLC bought a new stake in On Assignment during the fourth quarter valued at approximately $15,686,000. KAMES CAPITAL plc lifted its position in On Assignment by 57.2% during the fourth quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock valued at $39,205,000 after purchasing an additional 222,039 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in On Assignment by 197.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 181,351 shares of the business services provider’s stock valued at $11,655,000 after purchasing an additional 120,288 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.
In other news, insider Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $78.73, for a total value of $787,300.00. Following the completion of the transaction, the insider now directly owns 55,837 shares in the company, valued at $4,396,047.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edwin A. Sheridan sold 22,404 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $77.64, for a total transaction of $1,739,446.56. The disclosure for this sale can be found here. Insiders sold 121,265 shares of company stock valued at $9,440,062 over the last 90 days. 5.40% of the stock is owned by company insiders.
On Assignment Company Profile
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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