On Assignment (ASGN) Releases Earnings Results, Beats Expectations By $0.06 EPS

On Assignment (ASGN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.60. The company posted revenue of $582.00 million in the period, compared to analysts expectations of $552.74 million. The company’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

On Assignment opened for trading at $35.66 and hit $36.925 on the upside on Friday, eventually ending the session at $36.66, with a gain of 2.49% or 0.89 points. The heightened volatility saw the trading volume jump to 3,62,576 shares. Company has a market cap of $1,950 M.

In a different news, on Apr 19, 2016, Peter T Dameris (President & CEO) sold 140,000 shares at $46.89 per share price. According to the SEC, on Dec 11, 2015, William E Brock (director) sold 6,523 shares at $45.88 per share price. On Nov 17, 2015, Michael Mcgowan (COO, OAI; Pres, OGR) sold 45,961 shares at $46.76 per share price, according to the Form-4 filing with the securities and exchange commission.

On Assignment Inc. is a global provider of professionals in the information technology (IT) engineering and life sciences sectors. The Company matches people into positions for contract contract-to-hire and direct hire assignments. Its operating segments include Apex Oxford and Life Sciences Europe. The Apex Segment provides information technology and scientific staffing professionals for contract contract-to-hire and permanent placement positions. The Oxford Segment provides contract and direct placement services of information technology and engineering professionals in specialized information technology software and hardware engineering and mechanical electrical validation and telecommunications engineering fields. The Life Sciences Europe Segment provides locally-based contract life science professionals to clients in the biotechnology pharmaceutical food and beverage medical device personal care chemical automotive educational and environmental industries.

On Assignment

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