ManpowerGroup (MAN) Issues Q4 Earnings Guidance

ManpowerGroup (NYSE:MAN) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of $2.42-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.49. ManpowerGroup also updated its Q4 2018 guidance to $2.42-2.50 EPS.

MAN has been the subject of several recent research reports. Northcoast Research reiterated a neutral rating on shares of ManpowerGroup in a research note on Monday, July 23rd. Barclays decreased their target price on shares of ManpowerGroup from $115.00 to $90.00 and set a $86.63 rating for the company in a research note on Wednesday, July 18th. Nomura reiterated a buy rating and set a $130.00 target price on shares of ManpowerGroup in a research note on Sunday, July 22nd. Macquarie downgraded shares of ManpowerGroup from an outperform rating to a neutral rating and set a $91.00 target price for the company. in a research note on Tuesday, October 9th. Finally, Credit Suisse Group initiated coverage on shares of ManpowerGroup in a research note on Friday, August 10th. They set an outperform rating and a $115.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $111.18.

Shares of MAN opened at $78.35 on Friday. ManpowerGroup has a fifty-two week low of $74.64 and a fifty-two week high of $136.93. The stock has a market cap of $5.16 billion, a PE ratio of 11.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.48 and a quick ratio of 1.48.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.02. ManpowerGroup had a net margin of 2.67% and a return on equity of 19.37%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that ManpowerGroup will post 8.93 EPS for the current year.

ManpowerGroup declared that its board has initiated a stock repurchase program on Friday, August 3rd that permits the company to buyback 6,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, EVP Mara E. Swan sold 11,192 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the completion of the transaction, the executive vice president now directly owns 13,493 shares of the company’s stock, valued at $1,265,238.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 1,350 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $89.43, for a total transaction of $120,730.50. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.

About ManpowerGroup

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.

Read More: Earnings Per Share

Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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