ASGN (NYSE:ASGN – Get Free Report) issued its earnings results on Wednesday. The business services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16, Briefing.com reports. ASGN had a net margin of 4.76% and a return on equity of 14.81%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $1.38 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. ASGN updated its Q2 guidance to $1.28-1.36 EPS and its Q2 2024 guidance to 1.280-1.360 EPS.
ASGN Trading Down 3.3 %
ASGN stock opened at $98.74 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $99.59 and a two-hundred day moving average price of $93.36. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 4.10 and a beta of 1.50. ASGN has a 52-week low of $63.27 and a 52-week high of $106.42.
Insider Buying and Selling at ASGN
In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the transaction, the president now directly owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ASGN news, President Randolph C. Blazer sold 7,746 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the sale, the president now directly owns 107,923 shares in the company, valued at approximately $10,178,218.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the sale, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
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About ASGN
ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.
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