ManpowerGroup (NYSE:MAN) – Analysts at William Blair issued their Q1 2019 EPS estimates for shares of ManpowerGroup in a research note issued to investors on Friday, April 13th. William Blair analyst T. Mchugh expects that the business services provider will earn $1.61 per share for the quarter. William Blair also issued estimates for ManpowerGroup’s Q2 2019 earnings at $2.29 EPS and Q3 2019 earnings at $2.50 EPS.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share.
A number of other brokerages also recently commented on MAN. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank reiterated a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Thursday, January 11th. BMO Capital Markets reduced their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a report on Monday, February 5th. Finally, Argus upped their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.20.
Shares of ManpowerGroup stock opened at $117.10 on Monday. The stock has a market capitalization of $7,678.70, a price-to-earnings ratio of 16.63 and a beta of 1.34. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.17. ManpowerGroup has a one year low of $97.88 and a one year high of $136.93.
In related news, COO Darryl Green sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $117.26, for a total value of $1,172,600.00. Following the sale, the chief operating officer now owns 21,233 shares in the company, valued at $2,489,781.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Richard Buchband sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $118.49, for a total value of $118,490.00. Following the completion of the sale, the senior vice president now owns 8,457 shares in the company, valued at approximately $1,002,069.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,547 shares of company stock worth $6,842,051. Corporate insiders own 1.02% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $113,000. National Pension Service purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $165,000. Tower Research Capital LLC TRC boosted its position in ManpowerGroup by 678.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,180 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $202,000. Finally, IFM Investors Pty Ltd purchased a new stake in ManpowerGroup in the third quarter valued at approximately $244,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.
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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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