ManpowerGroup (NYSE:MAN) released its earnings results on Friday. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.07, Bloomberg Earnings reports. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.42 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. ManpowerGroup updated its Q2 guidance to $2.33-2.41 EPS.
Shares of NYSE:MAN opened at $101.47 on Friday. ManpowerGroup has a 1-year low of $97.88 and a 1-year high of $136.93. The company has a market cap of $6,713.36, a PE ratio of 14.41 and a beta of 1.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17.
In related news, EVP Mara E. Swan sold 7,127 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction of $846,972.68. Following the completion of the transaction, the executive vice president now owns 27,986 shares in the company, valued at approximately $3,325,856.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sriram Chandrashekar sold 39,420 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $119.33, for a total value of $4,703,988.60. The disclosure for this sale can be found here. Insiders have sold a total of 57,547 shares of company stock valued at $6,842,051 in the last 90 days. 1.02% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $113,000. National Pension Service bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $165,000. Tower Research Capital LLC TRC lifted its position in shares of ManpowerGroup by 678.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after buying an additional 1,180 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $202,000. Finally, Squar Milner Financial Services LLC bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $277,000. Institutional investors and hedge funds own 94.31% of the company’s stock.
A number of research firms have issued reports on MAN. Nomura reaffirmed a “buy” rating and issued a $134.00 target price on shares of ManpowerGroup in a report on Sunday. BMO Capital Markets reissued a “buy” rating and set a $120.00 price objective on shares of ManpowerGroup in a report on Friday. SunTrust Banks reissued a “hold” rating on shares of ManpowerGroup in a report on Friday. Zacks Investment Research lowered ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Monday, April 9th. Finally, Goldman Sachs started coverage on ManpowerGroup in a report on Tuesday, March 27th. They set a “neutral” rating and a $128.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. ManpowerGroup has an average rating of “Hold” and an average price target of $122.60.
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ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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