Analysts predict that ManpowerGroup Inc. (NYSE:MAN) will report $5.38 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for ManpowerGroup’s earnings, with the lowest sales estimate coming in at $5.24 billion and the highest estimate coming in at $5.43 billion. ManpowerGroup reported sales of $4.76 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to report its next quarterly earnings results on Friday, April 20th.
According to Zacks, analysts expect that ManpowerGroup will report full year sales of $5.38 billion for the current fiscal year, with estimates ranging from $22.64 billion to $23.39 billion. For the next financial year, analysts forecast that the firm will post sales of $24.28 billion per share, with estimates ranging from $23.77 billion to $24.93 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ManpowerGroup.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the 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 business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $1.87 EPS. The company’s revenue was up 13.7% compared to the same quarter last year.
Several analysts have commented on MAN shares. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Argus increased their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. ValuEngine downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Deutsche Bank reiterated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Finally, BMO Capital Markets cut their target price on ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $124.50.
In other news, Director Patricia Hemingway Hall sold 3,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $127.54, for a total transaction of $382,620.00. Following the transaction, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $512,838.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mara E. Swan sold 7,127 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total value of $846,972.68. Following the transaction, the executive vice president now directly owns 27,986 shares in the company, valued at $3,325,856.24. The disclosure for this sale can be found here. Insiders have sold a total of 20,127 shares of company stock worth $2,499,593 over the last three months. Insiders own 0.87% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MAN. Schroder Investment Management Group bought a new position in ManpowerGroup in the 4th quarter worth $113,000. National Pension Service bought a new position in ManpowerGroup in the 4th quarter worth $165,000. Tower Research Capital LLC TRC raised its holdings in ManpowerGroup by 678.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,180 shares during the period. Cornerstone Wealth Management LLC bought a new position in ManpowerGroup in the 4th quarter worth $202,000. Finally, Calamos Advisors LLC bought a new position in ManpowerGroup in the 3rd quarter worth $203,000. 94.91% of the stock is currently owned by institutional investors.
Shares of ManpowerGroup (MAN) opened at $121.35 on Thursday. 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 $95.88 and a 52 week high of $136.93. The company has a market capitalization of $8,040.00, a price-to-earnings ratio of 15.06 and a beta of 1.28.
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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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