ASGN (NYSE:ASGN) Issues Quarterly Earnings Results

ASGN (NYSE:ASGN) issued its quarterly earnings results on Wednesday. The business services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.29), Zacks reports. ASGN had a return on equity of 10.94% and a net margin of 2.85%. ASGN updated its Q2 2026 guidance to 0.720-0.900 EPS.

ASGN Stock Performance

Shares of NYSE:ASGN traded down $0.04 during trading on Wednesday, hitting $40.51. 527,385 shares of the stock were exchanged, compared to its average volume of 758,735. ASGN has a 1-year low of $34.59 and a 1-year high of $60.75. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.52 and a beta of 0.89. The company’s fifty day simple moving average is $39.61 and its 200-day simple moving average is $44.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.16 and a current ratio of 2.16.

Institutional Trading of ASGN

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after purchasing an additional 912 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of ASGN during the 3rd quarter worth approximately $515,000. Russell Investments Group Ltd. grew its holdings in shares of ASGN by 96.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 30,497 shares of the business services provider’s stock worth $1,444,000 after purchasing an additional 15,011 shares in the last quarter. Finally, New South Capital Management Inc. boosted its stake in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after buying an additional 178,895 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ASGN has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research report on Monday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $65.00 price target on shares of ASGN in a research report on Friday, February 6th. Wells Fargo & Company lifted their price target on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Truist Financial lifted their price target on ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Robert W. Baird set a $62.00 price target on ASGN in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $54.71.

About ASGN

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.