ManpowerGroup Inc. (NYSE:MAN) announced a quarterly dividend on Friday, November 9th, RTT News reports. Investors of record on Monday, December 3rd will be given a dividend of 1.01 per share by the business services provider on Friday, December 14th. This represents a $4.04 annualized dividend and a yield of 5.07%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.93.
ManpowerGroup has raised its dividend by an average of 23.8% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. ManpowerGroup has a payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect ManpowerGroup to earn $8.39 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 24.1%.
Shares of ManpowerGroup stock opened at $79.61 on Friday. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 1.47. ManpowerGroup has a 52 week low of $71.79 and a 52 week high of $136.93.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, October 19th. The business services provider reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.02. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. ManpowerGroup’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. On average, equities analysts expect that ManpowerGroup will post 8.69 EPS for the current fiscal year.
Several brokerages have commented on MAN. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 26th. BMO Capital Markets cut their price objective on ManpowerGroup from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research raised ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Robert W. Baird cut their price objective on ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Finally, Nomura reaffirmed a “buy” rating and issued a $130.00 price objective on shares of ManpowerGroup in a research report on Sunday, July 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $99.85.
In other news, EVP Mara E. Swan sold 11,192 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the transaction, the executive vice president now owns 13,493 shares of the company’s stock, valued at approximately $1,265,238.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.
ManpowerGroup declared that its Board of Directors has approved a stock buyback plan on Friday, August 3rd that allows the company to repurchase 6,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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