Wall Street analysts predict that ManpowerGroup Inc. (NYSE:MAN) will post $5.19 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for ManpowerGroup’s earnings. The highest sales estimate is $5.21 billion and the lowest is $5.18 billion. ManpowerGroup reported sales of $5.39 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings results on Thursday, January 30th.
On average, analysts expect that ManpowerGroup will report full year sales of $20.86 billion for the current financial year, with estimates ranging from $20.84 billion to $20.88 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $20.73 billion, with estimates ranging from $20.49 billion to $20.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow ManpowerGroup.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, October 18th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.01). ManpowerGroup had a net margin of 2.30% and a return on equity of 17.69%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.35 billion.
MAN has been the subject of several recent analyst reports. Credit Suisse Group lowered their target price on shares of ManpowerGroup from $82.00 to $78.00 and set an “underperform” rating for the company in a research note on Friday, October 18th. They noted that the move was a valuation call. BMO Capital Markets lifted their price target on shares of ManpowerGroup from $86.00 to $88.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Robert W. Baird set a $101.00 price target on shares of ManpowerGroup and gave the company a “buy” rating in a report on Friday, October 18th. Royal Bank of Canada set a $107.00 price target on shares of ManpowerGroup and gave the company a “buy” rating in a report on Monday, October 21st. Finally, CL King started coverage on shares of ManpowerGroup in a report on Wednesday, November 13th. They issued a “buy” rating and a $107.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $94.67.
Shares of MAN traded up $1.24 during mid-day trading on Monday, reaching $97.16. 341,550 shares of the company’s stock were exchanged, compared to its average volume of 526,009. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $92.88 and a two-hundred day simple moving average of $89.12. ManpowerGroup has a 52-week low of $61.57 and a 52-week high of $97.96. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 8.53 and a beta of 1.60.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $1.09 dividend. The ex-dividend date is Friday, November 29th. ManpowerGroup’s dividend payout ratio (DPR) is presently 24.36%.
In related news, Director Ulice Payne, Jr. sold 475 shares of ManpowerGroup stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $93.17, for a total transaction of $44,255.75. Following the transaction, the director now owns 7,561 shares in the company, valued at approximately $704,458.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mara E. Swan sold 2,198 shares of ManpowerGroup stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $92.02, for a total transaction of $202,259.96. Following the transaction, the executive vice president now owns 5,030 shares in the company, valued at approximately $462,860.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,962 shares of company stock worth $1,912,833 in the last 90 days. Company insiders own 1.49% of the company’s stock.
Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in ManpowerGroup by 8.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,645,579 shares of the business services provider’s stock worth $254,108,000 after buying an additional 201,806 shares during the period. LSV Asset Management increased its position in shares of ManpowerGroup by 11.8% in the 2nd quarter. LSV Asset Management now owns 2,131,555 shares of the business services provider’s stock worth $205,908,000 after purchasing an additional 224,300 shares during the last quarter. Boston Partners increased its position in shares of ManpowerGroup by 1.9% in the 2nd quarter. Boston Partners now owns 1,973,891 shares of the business services provider’s stock worth $190,616,000 after purchasing an additional 36,360 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of ManpowerGroup by 40.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,966,971 shares of the business services provider’s stock worth $190,009,000 after purchasing an additional 563,771 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of ManpowerGroup by 23.4% in the 2nd quarter. Acadian Asset Management LLC now owns 973,295 shares of the business services provider’s stock worth $94,020,000 after purchasing an additional 184,634 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.
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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.
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