On Assignment (NASDAQ:ASGN) posted its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.04, AnalystRatingsNetwork.com reports. The company had revenue of $417.90 million for the quarter, compared to the consensus estimate of $410.88 million. During the same quarter last year, the company posted $0.28 earnings per share. On Assignment’s revenue was up 47.6% compared to the same quarter last year. On Assignment updated its Q3 guidance to $0.33-0.35 EPS.
Several analysts have recently commented on the stock. Analysts at SunTrust raised their price target on shares of On Assignment from $30.00 to $37.00 in a research note to investors on Tuesday, July 16th. They now have a “buy” rating on the stock. On the ratings front, analysts at Deutsche Bank downgraded shares of On Assignment from a “buy” rating to a “hold” rating in a research note to investors on Thursday, July 11th. They now have a $29.00 price target on the stock, up previously from $26.00. They noted that the move was a valuation call. Finally, analysts at UBS AG reiterated a “buy” rating on shares of On Assignment in a research note to investors on Wednesday, July 10th. They now have a $32.50 price target on the stock.
One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.58.
Shares of On Assignment (NASDAQ: ASGN) traded down 2.07% during mid-day trading on Wednesday, hitting $28.85. On Assignment has a one year low of $14.50 and a one year high of $30.83. The stock’s 50-day moving average is currently $27.46. The company has a market cap of $1.537 billion and a P/E ratio of 24.57.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.