$ASGN Inc (ASGN.US)$🎯 2023.8.22 The current price is 80.4, ...

New data: 2023Q1 and Q2

Revenue increased by 1.2%, operating profit shrank by 13.6% due to the decline in gross margin, and net profit declined by 21.8%. Interest expenses account for 17% of operating profit, which is quite burdensome.

There was a slight decrease in the balance ratio and a slight decrease in accounts receivable.

Net cash flow from operations still significantly exceeds net investment, and shareholder surpluses are high.

Currently, the price-earnings ratio is 15.4, and the price-earnings ratio TTM has slightly increased to 16.9. If net profit falls by 20% for the whole year, the price-earnings ratio will rise to 19.3. Although it is high, it is still within a reasonable range. There is no need to adjust positions for the time being.