Brokerages predict that ManpowerGroup (NYSE:MAN) will announce sales of $5.00 billion for the current quarter, according to Zacks. Five analysts have made estimates for ManpowerGroup’s earnings. The lowest sales estimate is $4.98 billion and the highest is $5.02 billion. ManpowerGroup posted sales of $5.02 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.4%. The company is expected to issue its next quarterly earnings report on Thursday, July 20th.
On average, analysts expect that ManpowerGroup will report full year sales of $5.00 billion for the current financial year, with estimates ranging from $19.88 billion to $20.21 billion. For the next financial year, analysts expect that the company will post sales of $21.04 billion per share, with estimates ranging from $20.40 billion to $21.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover ManpowerGroup.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, April 21st. The business services provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.69 billion. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS.
A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Friday, April 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $101.00 price target on shares of ManpowerGroup in a research note on Thursday, March 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.27.
ManpowerGroup (MAN) traded down 0.37% during mid-day trading on Thursday, reaching $106.93. 343,319 shares of the company traded hands. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 16.65 and a beta of 1.38. The stock’s 50 day moving average price is $103.70 and its 200 day moving average price is $98.31. ManpowerGroup has a 52 week low of $57.26 and a 52 week high of $109.70.
The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.86. This represents a dividend yield of 1.8%. ManpowerGroup’s payout ratio is currently 28.93%.
In related news, SVP Richard Buchband sold 1,250 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the sale, the senior vice president now directly owns 3,884 shares in the company, valued at approximately $423,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in MAN. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in ManpowerGroup during the first quarter valued at approximately $101,000. Livforsakringsbolaget Skandia Omsesidigt raised 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 valued at $129,000 after buying an additional 300 shares in the last quarter. Parametrica Management Ltd acquired a new stake in ManpowerGroup during the first quarter valued at approximately $201,000. Curbstone Financial Management Corp acquired a new stake in ManpowerGroup during the first quarter valued at approximately $205,000. Finally, Papp L Roy & Associates acquired a new stake in ManpowerGroup during the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 93.35% of the company’s stock.
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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