Brokerages expect ManpowerGroup Inc. (NYSE:MAN) to announce earnings per share of $2.36 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for ManpowerGroup’s earnings, with the highest EPS estimate coming in at $2.39 and the lowest estimate coming in at $2.31. ManpowerGroup reported earnings of $1.82 per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.7%. The company is scheduled to issue its next earnings report on Monday, July 23rd.
On average, analysts expect that ManpowerGroup will report full-year earnings of $8.95 per share for the current fiscal year, with EPS estimates ranging from $8.74 to $9.19. For the next fiscal year, analysts anticipate that the business will post earnings of $9.24 per share, with EPS estimates ranging from $9.04 to $9.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for ManpowerGroup.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, April 20th. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.07. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.42 billion. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. ManpowerGroup’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS.
Several research analysts have recently weighed in on MAN shares. Nomura restated a “buy” rating and set a $134.00 price objective on shares of ManpowerGroup in a research note on Sunday, April 22nd. Goldman Sachs Group started coverage on shares of ManpowerGroup in a research note on Tuesday, March 27th. They set a “neutral” rating and a $128.00 price objective on the stock. Zacks Investment Research lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Barclays lowered shares of ManpowerGroup from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $130.00 to $115.00 in a research note on Tuesday, April 3rd. Finally, Argus boosted their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.91.
ManpowerGroup stock opened at $91.74 on Wednesday. The stock has a market cap of $5.90 billion, a PE ratio of 11.64 and a beta of 1.35. ManpowerGroup has a fifty-two week low of $89.32 and a fifty-two week high of $136.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17.
The business also recently announced a semiannual dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were issued a dividend of $1.01 per share. This is an increase from ManpowerGroup’s previous semiannual dividend of $0.93. The ex-dividend date of this dividend was Thursday, May 31st. This represents a dividend yield of 2.1%. ManpowerGroup’s payout ratio is presently 28.69%.
Several hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of ManpowerGroup during the 1st quarter worth about $1,119,000. Suntrust Banks Inc. boosted its holdings in shares of ManpowerGroup by 29.2% during the 1st quarter. Suntrust Banks Inc. now owns 23,591 shares of the business services provider’s stock worth $2,715,000 after buying an additional 5,336 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of ManpowerGroup by 5.4% during the 1st quarter. Allianz Asset Management GmbH now owns 296,327 shares of the business services provider’s stock worth $34,107,000 after buying an additional 15,156 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of ManpowerGroup by 11.9% during the 1st quarter. Principal Financial Group Inc. now owns 319,899 shares of the business services provider’s stock worth $36,820,000 after buying an additional 34,004 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of ManpowerGroup by 1,824.3% during the 1st quarter. Handelsbanken Fonder AB now owns 44,258 shares of the business services provider’s stock worth $5,094,000 after buying an additional 41,958 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.
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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