Analysts Expect ManpowerGroup Inc. (NYSE:MAN) Will Announce Quarterly Sales of $5.00 Billion


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Analysts expect ManpowerGroup Inc. (NYSE:MAN) to post sales of $5.00 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for ManpowerGroup’s earnings, with the lowest sales estimate coming in at $4.65 billion and the highest estimate coming in at $5.20 billion. ManpowerGroup reported sales of $3.74 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.7%. The business is scheduled to announce its next earnings report on Monday, July 19th.

According to Zacks, analysts expect that ManpowerGroup will report full year sales of $20.53 billion for the current year, with estimates ranging from $20.25 billion to $20.77 billion. For the next financial year, analysts anticipate that the company will post sales of $21.83 billion, with estimates ranging from $21.36 billion to $22.19 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, April 19th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.44. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.66 billion. ManpowerGroup had a return on equity of 9.72% and a net margin of 0.47%. ManpowerGroup’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS.

MAN has been the subject of a number of research reports. Truist Securities increased their target price on ManpowerGroup from $120.00 to $130.00 in a research note on Wednesday, April 21st. Bank of America raised ManpowerGroup from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 3rd. Robert W. Baird increased their price objective on ManpowerGroup from $135.00 to $143.00 and gave the company an “outperform” rating in a report on Tuesday, April 27th. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Wednesday, February 10th. Finally, Truist increased their price objective on ManpowerGroup from $120.00 to $130.00 in a report on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $103.00.

Shares of MAN stock traded down $1.17 on Tuesday, reaching $122.06. The company had a trading volume of 612,525 shares, compared to its average volume of 413,748. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.71 billion, a PE ratio of 84.76, a PEG ratio of 4.82 and a beta of 2.07. The company has a 50-day moving average of $107.73 and a 200-day moving average of $93.76. ManpowerGroup has a 12 month low of $61.12 and a 12 month high of $124.42.

In related news, CFO John T. Mcginnis sold 10,000 shares of the firm’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief financial officer now owns 12,343 shares in the company, valued at $1,359,704.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard Buchband sold 5,541 shares of the firm’s stock in a transaction on Monday, April 12th. The stock was sold at an average price of $105.47, for a total value of $584,409.27. Following the completion of the transaction, the senior vice president now owns 10,687 shares in the company, valued at approximately $1,127,157.89. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MAN. Schonfeld Strategic Advisors LLC increased its position in shares of ManpowerGroup by 345.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 79,507 shares of the business services provider’s stock worth $5,831,000 after purchasing an additional 61,676 shares during the period. Sei Investments Co. boosted its stake in ManpowerGroup by 18.6% in the third quarter. Sei Investments Co. now owns 56,099 shares of the business services provider’s stock valued at $4,124,000 after buying an additional 8,814 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in ManpowerGroup in the third quarter valued at about $2,794,000. Strs Ohio boosted its stake in ManpowerGroup by 8.7% in the third quarter. Strs Ohio now owns 20,687 shares of the business services provider’s stock valued at $1,516,000 after buying an additional 1,658 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in ManpowerGroup in the fourth quarter valued at about $231,000. Institutional investors own 93.00% 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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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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