Wall Street analysts expect that ManpowerGroup (NYSE:MAN) will post sales of $5.39 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for ManpowerGroup’s earnings, with the highest sales estimate coming in at $5.47 billion and the lowest estimate coming in at $5.33 billion. ManpowerGroup posted sales of $5.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is expected to issue its next earnings report on Friday, October 20th.
According to Zacks, analysts expect that ManpowerGroup will report full year sales of $5.39 billion for the current year, with estimates ranging from $20.42 billion to $20.92 billion. For the next fiscal year, analysts anticipate that the company will post sales of $22.01 billion per share, with estimates ranging from $21.07 billion to $22.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ManpowerGroup.
ManpowerGroup (NYSE:MAN) last released its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share.
MAN has been the topic of several research reports. Zacks Investment Research lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Northcoast Research reiterated a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Finally, BMO Capital Markets lifted their target price on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and an average price target of $102.71.
In related news, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the sale, the director now owns 11,136 shares of the company’s stock, valued at $1,202,019.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darryl Green sold 76,000 shares of ManpowerGroup stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total value of $8,043,080.00. Following the sale, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. In the last three months, insiders sold 121,715 shares of company stock valued at $12,904,283. Corporate insiders own 0.87% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MAN. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in ManpowerGroup during the first quarter worth approximately $101,000. IFP Advisors Inc increased its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA purchased a new stake in ManpowerGroup during the second quarter worth approximately $123,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares during the period. Finally, Exane Derivatives increased its stake in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.
Shares of ManpowerGroup (NYSE MAN) opened at 107.92 on Tuesday. ManpowerGroup has a 52-week low of $66.53 and a 52-week high of $119.59. The stock has a 50 day moving average of $110.85 and a 200-day moving average of $102.71. The stock has a market capitalization of $7.27 billion, a P/E ratio of 16.51 and a beta of 1.39.
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ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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