ManpowerGroup Inc. (NYSE:MAN) – Equities research analysts at William Blair upped their Q1 2018 earnings per share estimates for ManpowerGroup in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $1.70 per share for the quarter, up from their prior estimate of $1.49. William Blair also issued estimates for ManpowerGroup’s Q2 2018 earnings at $2.35 EPS and FY2019 earnings at $8.93 EPS.
Several other equities research analysts have also issued reports on MAN. BMO Capital Markets reissued a “buy” rating and set a $134.00 target price on shares of ManpowerGroup in a research note on Friday, October 13th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research note on Wednesday, October 18th. SunTrust Banks reissued a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a research note on Friday, October 20th. Credit Suisse Group reissued a “neutral” rating and set a $126.00 target price (up from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Finally, Nomura increased their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $125.25.
ManpowerGroup (NYSE:MAN) traded down $9.73 during mid-day trading on Thursday, hitting $122.50. 819,705 shares of the stock traded hands, compared to its average volume of 328,534. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.29. ManpowerGroup has a twelve month low of $94.34 and a twelve month high of $136.93. The stock has a market cap of $8,762.69, a price-to-earnings ratio of 18.23 and a beta of 1.29.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the company posted $1.87 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
In related news, SVP Richard Buchband sold 2,059 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Edward J. Zore sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the completion of the transaction, the director now directly owns 29,876 shares in the company, valued at $3,794,252. The disclosure for this sale can be found here. Insiders sold a total of 15,559 shares of company stock worth $1,976,187 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in MAN. Acadian Asset Management LLC raised its holdings in ManpowerGroup by 33.2% in the 4th quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock valued at $289,674,000 after acquiring an additional 573,030 shares during the last quarter. Vanguard Group Inc. raised its holdings in ManpowerGroup by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after acquiring an additional 267,064 shares during the last quarter. State Treasurer State of Michigan raised its holdings in ManpowerGroup by 794.1% in the 3rd quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after acquiring an additional 219,400 shares during the last quarter. Koch Industries Inc. acquired a new stake in ManpowerGroup in the 2nd quarter valued at about $208,000. Finally, APG Asset Management N.V. raised its holdings in ManpowerGroup by 24.5% in the 3rd quarter. APG Asset Management N.V. now owns 957,439 shares of the business services provider’s stock valued at $112,805,000 after acquiring an additional 188,700 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.
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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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