ManpowerGroup Inc. (NYSE:MAN) – Analysts at SunTrust Banks boosted their Q2 2018 earnings per share estimates for shares of ManpowerGroup in a research note issued on Friday, Zacks Investment Research reports. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings of $2.20 per share for the quarter, up from their prior estimate of $1.99. SunTrust Banks currently has a “Hold” rating and a $107.00 target price on the stock. SunTrust Banks also issued estimates for ManpowerGroup’s Q3 2018 earnings at $2.42 EPS and Q4 2018 earnings at $2.54 EPS.
Several other research analysts also recently commented on MAN. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a report on Wednesday, October 18th. Credit Suisse Group reiterated a “neutral” rating and issued a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Nomura boosted their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Argus boosted their price target on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ManpowerGroup currently has an average rating of “Hold” and an average target price of $124.50.
Shares of ManpowerGroup (NYSE:MAN) opened at $117.44 on Monday. The stock has a market capitalization of $7,660.64, a PE ratio of 14.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. ManpowerGroup has a 52 week low of $94.34 and a 52 week high of $136.93.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of MAN. FMR LLC boosted its position in shares of ManpowerGroup by 260.1% in the 2nd quarter. FMR LLC now owns 248,044 shares of the business services provider’s stock worth $27,694,000 after purchasing an additional 179,162 shares in the last quarter. OxFORD Asset Management LLP bought a new position in ManpowerGroup in the 2nd quarter valued at approximately $642,000. HighTower Advisors LLC lifted its position in ManpowerGroup by 17.2% in the 2nd quarter. HighTower Advisors LLC now owns 21,497 shares of the business services provider’s stock valued at $2,376,000 after acquiring an additional 3,152 shares in the last quarter. Shelton Capital Management bought a new position in ManpowerGroup in the 2nd quarter valued at approximately $574,000. Finally, Janus Henderson Group PLC lifted its position in ManpowerGroup by 1,838.6% in the 2nd quarter. Janus Henderson Group PLC now owns 192,674 shares of the business services provider’s stock valued at $21,512,000 after acquiring an additional 182,735 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Edward J. Zore sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $127.00, for a total value of $1,270,000.00. Following the sale, the director now directly owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patricia Hemingway Hall sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the sale, the director now directly owns 4,021 shares in the company, valued at $512,838.34. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.
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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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