Latest news with #ASGNIncorporated
Business Wire
20-05-2025
- Business
- Business Wire
ASGN Incorporated Announces Participation in June Conferences
RICHMOND, Va.--(BUSINESS WIRE)--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today the Company's participation in two upcoming conferences: Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at the InterContinental New York Barclay in New York City. Ted Hanson, CEO, and Marie Perry, CFO, are scheduled to present at 3:45 p.m. ET and will participate in investor meetings throughout the day. William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, 2025, at the Loews Chicago Hotel in Chicago. Ted Hanson, CEO, Shiv Iyer, President, and Marie Perry, CFO, are scheduled to present at 2:00 p.m. CT and will participate in investor meetings throughout the day. The presentation will be webcast live, and a link to the live event and replay will be made available on the Investors' section of ASGN's website at About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit
Yahoo
09-04-2025
- Business
- Yahoo
Is It Time To Consider Buying ASGN Incorporated (NYSE:ASGN)?
ASGN Incorporated (NYSE:ASGN), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$93.96 at one point, and dropping to the lows of US$56.85. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether ASGN's current trading price of US$56.85 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at ASGN's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Good news, investors! ASGN is still a bargain right now according to our price multiple model, which compares the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that ASGN's ratio of 14.3x is below its peer average of 30.28x, which indicates the stock is trading at a lower price compared to the IT industry. However, given that ASGN's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for ASGN Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 31% over the next couple of years, the future seems bright for ASGN. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since ASGN is currently below the industry PE ratio, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on ASGN for a while, now might be the time to make a leap. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy ASGN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example - ASGN has 1 warning sign we think you should be aware of. If you are no longer interested in ASGN, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
03-04-2025
- Business
- Yahoo
Is ASGN Incorporated (ASGN) The Best Beaten Down Stock to Buy According to Analysts?
We recently published a list of 10 Best Beaten Down Stocks to Buy According to Analysts. In this article, we are going to take a look at where ASGN Incorporated (NYSE:ASGN) stands against other best beaten down stocks to buy according to analysts. JPMorgan released a market update where it highlighted the US Fed's recent decision to keep the rates unchanged. Also, the US Fed decreased the growth forecasts and increased the near-term inflation expectations. The futures markets are pricing 2 interest rate cuts this year and a ~50% chance of the third cut. Jose Torres, Senior Economist at Interactive Brokers, believes that stocks are being impacted as slowdown worries continue to pressure the outlook for broader corporate earnings growth. According to him, investors continue to pile up shares in the defensive consumer staple, utilities, and healthcare segments and the real estate and energy areas. Reuters reported that analysts have been turning more cautious about the US corporate earnings for Q1 2025, as Trump's policies continue to threaten to trigger a global trade war that can impact the broader economic growth. Reuters, while quoting Tajinder Dhillon (senior research analyst at LSEG), noted that S&P 500 forecasts for Q1 2025 have declined by 4.5 percentage points since January 1. Notably, this has been the largest downward revision since Q4 2023. The earnings growth for the S&P 500 companies is expected at 7.7% YoY, marking the lowest since Q3 2023 as well as a significant decline from 17.1% in Q4 2024. The worries related to the import tariffs and retaliation by US trade partners, together with the government cutbacks, can push the broader economy into recession have witnessed an increase over the past few weeks, reported Reuters. READ ALSO: and . CNBC, while quoting Scott Wren (senior global market strategist at the Wells Fargo Investment Institute), stated that numerous uncertainties can negatively impact the broader stock market, such as tariffs as well as a potential rebound in inflation. Furthermore, an increase in bond yields can also pose a headwind, as per Wren. Notably, increased yields can impact the demand for US stocks. That being said, a favorable backdrop of healthy economic growth and consumer spending, together with relatively low unemployment, can help the S&P 500 to deliver ~12% in 2025. As per Wren, this would be marginally higher than the long-term historical average. The strategist thinks that the investors are required to be optimistic. Amidst these trends, let us now have a look at the 10 Best Beaten Down Stocks to Buy According to Analysts. To list the 10 Best Beaten Down Stocks to Buy According to Analysts, we used a screener and shortlisted the stocks that are trading close to their respective 52-week lows and that analysts see significant upside to. Next, the stocks were arranged in ascending order of their average upside potential, as of March 21. We also mentioned the hedge fund sentiment around each stock, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A finance executive tapping away on a digital tablet, demonstrating the company's digital innovation. ASGN Incorporated (NYSE:ASGN) provides information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors. BMO Capital analyst Jeffrey Silber has maintained a bullish stance on the company's stock, providing a 'Buy' rating. The analyst's rating is backed by strong performance in consulting, which demonstrated accelerated growth and a positive turn in bookings, even though there were weaknesses in other segments such as federal government revenues and IT spending. ASGN Incorporated (NYSE:ASGN)'s adjusted EPS exceeded expectations, driven mainly by healthy margins, showcasing operational efficiency, says the analyst. Notably, in FY 2024, the company's earnings per diluted share came in at $3.83. Furthermore, the strategic acquisition of TopBloc can enhance ASGN Incorporated (NYSE:ASGN)'s consulting capabilities, mainly in the Workday space, and provide opportunities related to cross-selling in the federal sector. The analyst believes that the long-term prospects seem to be promising because of its leadership in IT staffing and federal contracting. Also, there is potential for multiple expansion as it pivots towards consulting. Elsewhere, Canaccord Genuity analyst Joseph Vafi maintained a 'Buy' rating on ASGN Incorporated (NYSE:ASGN)'s stock and the associated price target is $115.00. This analyst believes that the acquisition of TopBloc is a strategic move that strengthens its position in the ERP space. Overall, ASGN ranks 3rd on our list of best beaten down stocks to buy according to analysts. While we acknowledge the potential of ASGN as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued AI stock that is more promising than ASGN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
ASGN's (NYSE:ASGN) earnings growth rate lags the 16% CAGR delivered to shareholders
ASGN Incorporated (NYSE:ASGN) shareholders might be concerned after seeing the share price drop 22% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. Indeed, the share price is up an impressive 110% in that time. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 33% drop, in the last year. Although ASGN has shed US$155m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns. Check out our latest analysis for ASGN To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, ASGN managed to grow its earnings per share at 7.2% a year. This EPS growth is slower than the share price growth of 16% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). Dive deeper into ASGN's key metrics by checking this interactive graph of ASGN's earnings, revenue and cash flow. ASGN shareholders are down 33% for the year, but the market itself is up 11%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 16%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for ASGN you should know about. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
ECS Named Prime Contractor on $60B OASIS+ IDIQ
Company to provide a range of consulting and enterprise transformation solutions that drive government efficiency FAIRFAX, Va., February 11, 2025--(BUSINESS WIRE)--ECS, an IT systems integrator focused on data and AI, cybersecurity, and enterprise transformation solutions, and an ASGN (NYSE: ASGN) brand, has been named a prime contractor in multiple domains under the General Services Administration's (GSA) Unrestricted One Acquisition Solution for Integrated Services Plus (OASIS+) government-wide, multi-award, indefinite delivery/indefinite quantity (IDIQ) contract vehicle. The OASIS+ vehicle has an estimated total spend of $60 billion over a maximum of 10 years. Administered by the GSA Office of Professional Services and Human Capital Category (PSHC), the OASIS+ vehicle is designed to support federal agencies' procurement requirements for services-based solutions. ECS received awards in the following domains: Management and Advisory Technical and Engineering (T&E) Research and Development (R&D) Intelligence Services (INTEL) Enterprise Solutions GSA has expressed a need for federal agencies to access streamlined, cost-effective solutions under the OASIS+ contract, facilitating efficient procurement of complex professional services like engineering, logistics, and financial management. As a prime contractor, ECS will provide management and consulting services to enhance federal agencies' performance, offering technical expertise in engineering, geosciences, and experimental development across various disciplines, including life sciences, nanotechnology, and biotechnology. ECS will also support mission-critical operations through advanced command, control, communications, and intelligence capabilities, as well as enterprise-level solutions for emerging technologies. "ECS has a strong track record of helping federal agencies meet and exceed their requirements, and we're pleased to continue our support for GSA's core mission: enabling federal agencies to achieve their goals effectively," said John Heneghan, president of ECS. "Across the government, we see an increasing emphasis on improving business systems and processes to enhance efficiency and enable operational excellence. Through OASIS+, we are well positioned to develop and deliver innovative solutions to help our government customers optimize operations and achieve mission success." About ECS ECS, a key segment of ASGN Incorporated, is a trusted IT systems integrator serving government agencies. ECS provides modern digital solutions that enable fast and efficient decision making and support the effective execution of government agency operations. ECS' leading-edge AI, cybersecurity, and open data management solutions boost collaboration, innovation, and worker productivity, improve employee and customer experiences, and protect critical agency data and assets. For more information, visit About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit Safe Harbor Certain statements made in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance. All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. For a full list of risks and discussion of forward-looking statements, please see our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 23, 2024. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release. View source version on Contacts Shab Nassirpour, ECS Vice President of Marketing and Communications(703) Kimberly Esterkin, Vice President, Investor Relations, Sign in to access your portfolio
