ManpowerGroup Inc. (NYSE:MAN) – William Blair reduced their FY2018 earnings estimates for shares of ManpowerGroup in a note issued to investors on Monday, July 2nd. William Blair analyst T. Mchugh now forecasts that the business services provider will earn $9.07 per share for the year, down from their prior forecast of $9.46. William Blair also issued estimates for ManpowerGroup’s Q4 2018 earnings at $2.63 EPS.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, April 20th. 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. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. ManpowerGroup’s quarterly revenue was up 16.1% on a year-over-year basis.
MAN has been the subject of a number of other research reports. SunTrust Banks reissued a “hold” rating on shares of ManpowerGroup in a report on Friday, April 20th. Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $116.00 target price on shares of ManpowerGroup in a research report on Monday, April 23rd. Goldman Sachs Group initiated coverage on shares of ManpowerGroup in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $128.00 target price on the stock. Finally, Barclays cut shares of ManpowerGroup from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $130.00 to $115.00 in a research report on Tuesday, April 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $119.91.
Shares of MAN opened at $86.10 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.17. ManpowerGroup has a 12-month low of $84.47 and a 12-month high of $136.93. The stock has a market capitalization of $5.61 billion, a P/E ratio of 12.14 and a beta of 1.34.
Several institutional investors and hedge funds have recently modified their holdings of MAN. Millennium Management LLC lifted its position in shares of ManpowerGroup by 169.3% during the first quarter. Millennium Management LLC now owns 450,557 shares of the business services provider’s stock worth $51,859,000 after purchasing an additional 283,264 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of ManpowerGroup by 81.6% during the first quarter. Wedge Capital Management L L P NC now owns 420,044 shares of the business services provider’s stock worth $48,347,000 after purchasing an additional 188,723 shares in the last quarter. Crescent Grove Advisors LLC lifted its position in shares of ManpowerGroup by 216.9% during the first quarter. Crescent Grove Advisors LLC now owns 193,790 shares of the business services provider’s stock worth $22,305,000 after purchasing an additional 132,634 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of ManpowerGroup during the first quarter worth about $14,859,000. Finally, Mackay Shields LLC acquired a new stake in shares of ManpowerGroup during the first quarter worth about $9,523,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a semiannual dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $1.01 dividend. The ex-dividend date was Thursday, May 31st. This represents a yield of 2.1%. This is a boost from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s dividend payout ratio is presently 28.69%.
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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