Wall Street brokerages predict that ManpowerGroup (NYSE:MAN) will report $5.38 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for ManpowerGroup’s earnings, with estimates ranging from $5.24 billion to $5.43 billion. ManpowerGroup reported sales of $4.76 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, April 20th.
According to Zacks, analysts expect that ManpowerGroup will report full year sales of $23.04 billion for the current fiscal year, with estimates ranging from $22.64 billion to $23.39 billion. For the next year, analysts expect that the company will post sales of $24.28 billion per share, with estimates ranging from $23.77 billion to $24.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow ManpowerGroup.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the firm posted $1.87 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis.
A number of analysts have recently weighed in on MAN shares. Deutsche Bank restated a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Goldman Sachs started coverage on shares of ManpowerGroup in a report on Tuesday, March 27th. They issued a “neutral” rating and a $128.00 target price on the stock. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Monday, April 9th. Finally, Barclays downgraded shares of ManpowerGroup from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $130.00 to $115.00 in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.20.
In other ManpowerGroup news, EVP Sriram Chandrashekar sold 39,420 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $119.33, for a total value of $4,703,988.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darryl Green sold 10,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $117.26, for a total transaction of $1,172,600.00. Following the completion of the sale, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,547 shares of company stock valued at $6,842,051. 1.02% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its position in shares of ManpowerGroup by 3.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,505 shares of the business services provider’s stock worth $3,090,000 after purchasing an additional 767 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of ManpowerGroup in the 4th quarter worth approximately $290,000. William Blair Investment Management LLC lifted its position in shares of ManpowerGroup by 8.4% in the 4th quarter. William Blair Investment Management LLC now owns 7,806 shares of the business services provider’s stock worth $984,000 after purchasing an additional 605 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of ManpowerGroup by 35.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the business services provider’s stock worth $668,000 after purchasing an additional 1,400 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of ManpowerGroup by 132.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 41,568 shares of the business services provider’s stock worth $5,242,000 after purchasing an additional 23,700 shares during the period. 94.31% of the stock is owned by institutional investors.
Shares of ManpowerGroup stock traded down $0.31 during trading hours on Friday, reaching $116.79. The company’s stock had a trading volume of 93,303 shares, compared to its average volume of 489,235. ManpowerGroup has a one year low of $97.88 and a one year high of $136.93. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.17. The company has a market cap of $7,678.70, a PE ratio of 16.63 and a beta of 1.34.
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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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