ASGN (NYSE:ASGN) Posts Earnings Results, Beats Estimates By $0.09 EPS

ASGN (NYSE:ASGN) announced its earnings results on Wednesday. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09, Zacks reports. ASGN had a net margin of 3.50% and a return on equity of 11.90%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. ASGN updated its Q4 2025 guidance to 1.120-1.200 EPS.

ASGN Stock Up 0.6%

ASGN opened at $48.32 on Thursday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 15.29 and a beta of 0.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.11 and a current ratio of 2.11. The firm’s fifty day moving average is $50.14 and its 200 day moving average is $52.05. ASGN has a fifty-two week low of $45.10 and a fifty-two week high of $101.66.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ASGN. Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Truist Financial decreased their target price on ASGN from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of ASGN in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on ASGN from $56.00 to $51.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Finally, Zacks Research raised ASGN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $60.00.

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.