Trade Report: The Research Analysts Set Expectations for On Assignment, Inc.’s Q4 2016 Earnings (ASGN)

The Research Analysts Set Expectations for On Assignment, Inc.’s Q4 2016 Earnings (ASGN)

On Assignment, Inc. (NASDAQ:ASGN) – Stock analysts at William Blair dropped their Q4 2016 earnings per share (EPS) estimates for On Assignment in a research report issued to clients and investors on Thursday. William Blair analyst T. Mchugh now forecasts that the firm will earn $0.80 per share for the quarter, down from their prior forecast of $0.81. William Blair also issued estimates for On Assignment’s FY2017 earnings at $3.34 EPS and FY2018 earnings at $3.60 EPS.

On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.10. The business earned $629.40 million during the quarter, compared to the consensus estimate of $624.53 million. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share.

Several other brokerages have also recently issued reports on ASGN. BMO Capital Markets reissued a “buy” rating and set a $45.00 price objective on shares of On Assignment in a research note on Wednesday, September 7th. Deutsche Bank AG set a $44.00 price target on shares of On Assignment and gave the stock a “buy” rating in a research report on Tuesday, October 18th.

On Assignment (NASDAQ:ASGN) opened at 33.31 on Monday. On Assignment has a one year low of $29.34 and a one year high of $48.34. The stock has a market cap of $1.77 billion and a price-to-earnings ratio of 19.33. The firm’s 50 day moving average price is $36.51 and its 200 day moving average price is $36.96.

A number of hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of On Assignment by 751.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,748 shares of the company’s stock worth $138,000 after buying an additional 3,308 shares during the period. Victory Capital Management Inc. boosted its stake in shares of On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock worth $143,000 after buying an additional 1,105 shares during the period. Amalgamated Bank raised its position in shares of On Assignment by 7.3% in the second quarter. Amalgamated Bank now owns 5,847 shares of the company’s stock worth $211,000 after buying an additional 400 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock worth $225,000 after buying an additional 244 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of On Assignment during the second quarter worth approximately $255,000.

In related news, CEO Peter T. Dameris sold 23,537 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the sale, the chief executive officer now directly owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael Mcgowan sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the sale, the chief operating officer now directly owns 213,106 shares of the company’s stock, valued at $7,921,150.02. The disclosure for this sale can be found here.

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