William Blair Issues Positive Forecast for ASGN Earnings

ASGN Incorporated (NYSE:ASGN) – William Blair upped their Q1 2026 earnings per share (EPS) estimates for ASGN in a note issued to investors on Thursday, October 23rd. William Blair analyst M. Nolan now expects that the business services provider will post earnings of $0.98 per share for the quarter, up from their prior forecast of $0.97. The consensus estimate for ASGN’s current full-year earnings is $5.15 per share.

Several other research firms also recently commented on ASGN. Zacks Research upgraded shares of ASGN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. UBS Group dropped their price target on shares of ASGN from $47.00 to $45.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Wells Fargo & Company dropped their price target on shares of ASGN from $56.00 to $51.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $42.00 target price (down previously from $53.00) on shares of ASGN in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $59.67.

ASGN Stock Performance

NYSE:ASGN opened at $45.35 on Monday. The company has a fifty day simple moving average of $49.64 and a two-hundred day simple moving average of $51.57. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 15.27 and a beta of 0.93. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.64. ASGN has a 52 week low of $42.77 and a 52 week high of $101.66.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.22 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. ASGN had a net margin of 3.28% and a return on equity of 11.42%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS.

Institutional Investors Weigh In On ASGN

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Reinhart Partners LLC. lifted its position in ASGN by 5.2% in the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock valued at $50,780,000 after acquiring an additional 53,021 shares during the last quarter. SG Americas Securities LLC lifted its position in ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after acquiring an additional 68,266 shares during the last quarter. Congress Asset Management Co. purchased a new stake in ASGN in the third quarter valued at $4,065,000. Kennedy Capital Management LLC lifted its position in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock valued at $1,760,000 after acquiring an additional 594 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in ASGN by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider’s stock valued at $1,013,000 after acquiring an additional 485 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

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.