Revenue Update on On Assignment(NYSE:ASGN)

On Assignment(NYSE:ASGN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $620.884M. Analysts estimated a revenue of $614.130M. The revenues were 1.1% above the estimates. Earnings per share were $0.64. The reported EPS was below estimates by -4.48%. Analysts had estimated an EPS of $0.67.

On Assignment (ASGN) shares turned negative on Wednesdays trading session with the shares closing down -0.5 points or -1.03% at a volume of 1,32,976. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.77. The peak price level was also seen at $48.77 while the days lowest was $48.04. Finally the shares closed at $48.25. The 52-week high of the shares is $49.12 while the 52-week low is $31.24. According to the latest information available, the market cap of the company is $2,554 M.

Several Insider Transactions has been reported to the SEC. On Feb 13, 2017, Peter T Dameris (Chief Executive Officer) sold 1,005 shares at $47.41 per share price.Also, On Nov 16, 2016, Randolph C Blazer (Pres, Apex-a sub of the Issuer) sold 20,000 shares at $40.25 per share price.On Sep 14, 2016, Michael Mcgowan (COO, OAI; Pres, OGR) sold 4,000 shares at $37.17 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.

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